Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been r...
News
Public BTC Miners Increased Bitcoin Production In January
The year-end was marked as unlucky for Bitcoin miners due to unexpected weather conditions in North America. Sudden storms and power interruptions severely hampered mining activities in the nation. Ea...
Top Trader Predicts Massive Rallies for Under-the-Radar Altcoin Amid Crypto Correction – Here Are His Targets
An analyst who nailed the end of Bitcoin’s (BTC) 2021 bull market thinks that one low-cap altcoin could ignite rallies amid a flurry of bullish catalysts. Pseudonymous analyst Pentoshi tells his 674,9...
SEC lawsuit against Paxos over BUSD baffles crypto community
Paxos Trust Company-issued stablecoin Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community. On Feb. 13, the United States Securities a...
Billionaire Washington Nationals Owner Ted Lerner Dies At 97
Topline Ted Lerner, the billionaire real estate magnate and owner of the Washington Nationals, passed away at the age of 97 on Sunday, a team spokesperson confirmed with Forbes on Monday, just over th...
Tether dominates Brazil as bitcoin, ether fall out of favor
In a country where economic instability is as common as coconuts, Brazilians appear to favor the stablecoin tether as their cryptocurrency of choice. The federal tax authority, which compiles data fro...
Paxos to Stop Issuing Dollar-Pegged Token BUSD
The New York Department of Financial Services has dealt a blow to the cryptocurrency sector by directing Paxos Trust Co. to halt the issuance of one of the largest dollar-pegged cryptocurrencies. The ...
NVDA Stock Joins TSM, AVGO, ASML, INTC On SMH ETF As Power Trend Lifts Semiconductor Stocks
A new Nasdaq “power trend” has sparked life into last year’s downtrodden tech sector. And as semiconductor stocks like Nvidia (NVDA), Taiwan Semiconductor (TSM), Advanced Micro Devic...
“We Are About To See A Civil War,” Says Ben Armstrong
Crypto influencer Ben Armstrong responds to SEC’s lawsuit against crypto firm Paxos in a video. “Why are banks and crypto firms in the US under scrutiny at the same time?,” asks Armstrong. The OCC and...
IRS Focus Attention on Centralized Exchanges
In the fast-paced and ever-evolving world of cryptocurrency, centralized exchanges play a crucial role in facilitating the buying, selling, and trading of digital assets. The rise of these exchanges h...
from staking to AI projects
In this article, we will explore Polygon (MATIC), Lido DAO (LIDO), Fetch.ai (FET), and other promising crypto projects to watch in 2023. 2023 has been an exciting year for the cryptocurrency space, wi...
Coinbase CEO Brian Armstrong Heads to Washington To Talk Crypto With Regulators Amid SEC Crackdown
Coinbase chief executive Brian Armstrong says he’s in Washington, D.C. to talk to officials about crypto as the industry faces a wave of regulatory scrutiny. In a tweet to his 1.1 million followers, A...
Bruce Springsteen Tickets For Houston Now Cost The Same As Two Gallons Of Gasoline
NEW YORK, NEW YORK—DECEMBER 13: Bruce Springsteen performs at the 7th Annual John Henry’s Friends … [+] Benefit held at Town Hall on December 13, 2021 in New York City. (Photo by Al Pereir...
BUSD Issuance Stops, CZ Responds, BUSD Will Be Redeemable, Is USDC Next?
U.S. regulatory crackdown on crypto companies gains momentum. Paxos has disclosed that it will end its relationship with Binance for the Binance USD stablecoin and will end the issuance of new tokens ...
SEC action against Paxos paints regulatory target on stablecoins
Stablecoins look to be the next part of the crypto ecosystem facing a regulatory crackdown. The U.S. Securities and Exchange Commission has issued notice to crypto infrastructure provider Paxos...
Singapore-based DBS Bank To Offer Crypto Trading in Hong Kong
2 hours ago | 2 mins read Bitcoin News Hong Kong has made concerted efforts to entice businesses of the digital asset industry. The DBS Bank in Singapore already runs a digital currency exchange. DBS ...
Aave community initiates proposal to freeze BUSD with Paxos’ halt of token minting imminent
Ad The Aave community is currently considering a proposal to freeze the BUSD reserve on the Aave V2 market in light of Paxos’ move to stop minting BUSD. BUSD issuer Paxos announced on Feb. 13 that it ...
“No one can write perfect code,” says OneKey Amid Wallet Hack Row
OneKey is operating its business in 160+ countries, including 5 continents The hard wallet specialized company has over 1 Million active users Amid the wallet hacking row, OneKey recently came up w...
Fetch.ai (FET) Price Loses Momentum After Rejection
The Fetch.ai (FET) price is likely correcting the entire increase from Jan. The correction could end near $0.27. Since breaking out from a long-term descending resistance line, the FET coin price has ...
Foreign Investment Has Gone Negative For The First Time Since 2016
Jens Nordvig, founder and CEO of Exante Data, says corporate cash is flowing out of China. (AP Photo/Mark Lennihan) Copyright 2018 The Associated Press. All rights reserved. For three decades, the sto...
Crypto: strategic partnership Visa-Wirex – The Cryptonomist
Visa and Wirex sign a new strategic, long-term partnership, bringing together the best of payments and crypto. Crypto is here to stay, and this is demonstrated by innovative and reliable partnerships ...
Breaking: Circle Tipped Off NYDFS About Insufficient Reserves At Binance
– Advertisement – Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens. The USDC issuer warned the NYDFS about Binance not having enough crypto i...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
CPI Will Show Whether Stocks or Bonds Got It Right
(Bloomberg) — For the first time in a long time, stock and bond markets are flashing divergent signals on the economy and future Federal Reserve policy. Tuesday’s inflation report will go a long...
Paxos Halts BUSD Stablecoin Issuance, Here’s What Binance CEO Has To Say!
In light of the continuing investigation by New York regulators, blockchain infrastructure platform Paxos Trust Company will stop issuing new Binance USD (BUSD) stablecoins. The third-largest stableco...
Coinbase will Tussle with SEC if Asked to Shut Down Crypto Staking
Top executives of leading crypto exchange clarify company’s stance on crypto staking Coinbase (NASDAQ: COIN) stock dropped over 21% in the last five days The United States Securities and Exchange Com...
OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked
OneKey, a company that provides cryptographic hardware wallets, has said that it has already patched a flaw in its firmware that made it possible for one of its hardware wallets to be compromised in u...
Dewayne Dedmon Isn’t Likely To Solve The Sixers’ Backup Center Problem
MIAMI, FLORIDA – DECEMBER 10: Dewayne Dedmon #21 of the Miami Heat looks on during the second half … [+] of the game nio Spurs at FTX Arena on December 10, 2022 in Miami, Florida. NOTE TO ...
SEC to Sue Paxos Over Binance USD Token
According to reports by the Wall Street Journal, the SEC is planning to sue the stablecoin issues Paxos over Binance USD. Reports by the Wall Street Journal, indicate the United States Securities and ...
Cardano shows bearishness in short-term, but reversal was possible at…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Cardano released the weekly development update on...