Binance said it is moving its zero-fee Bitcoin (BTC) trading from Binance USD (BUSD) to TrueUSD (TUSD) on March 22. In a March 15 statement, the exchange said BUSD’s zero maker fee would also exclude ...
Tag: Ditches
Frax Ditches Algorithmic Backing, Citing Terra Failure
The community governance for stablecoin issuer Frax has voted to increase the collateral ratio for its stablecoin to 100%, removing the small algorithmic component which contributed to its value. Frax...
NFL Ditches Crypto Sponsorships Thanks To FTX’s Collapse
The National Football League (NFL) have avoided crypto sponsorships for the upcoming Super Bowl LVII. The league ditched crypto sponsors due to the collapse of FTX and the turmoil that followed. The u...
Web3 NFT game Tiny Colony ditches Solana for ImmutableX
Tiny Colony is launching its base building and sim management game on the ImmutableX blockchain platform after going back on its decision to launch on the Solana blockchain months earlier. Tiny Colony...
Silvergate Ditches Its $196 Million Digital Currency Plan
In February of last year, Silvergate officially announced the purchase of Diem Group, a Facebook-affiliated company along with its intellectual property & other technological assets necessary to o...
Bitcoin Mining Firm Riot Ditches ‘Blockchain’ From Name in Rebrand
Bitcoin mining firm Riot Blockchain has rebranded to Riot Platforms, in a move intended to reflect the company’s “increasingly diversified business operations.” Riot, which has seen its market c...
IRS ditches new tax requirement for now that would have caused ‘lots of confusion’
The Internal Revenue Service is delaying the new $600 reporting threshold for 1099-K tax forms, a move many tax experts believe will help avoid potential chaos this upcoming filing season. The updated...
Bitcoin ditches $16K dip as ‘Leeroy Jenkins’ Bank of Japan flattens dollar
Bitcoin (BTC) recovered from an overnight dip on Dec. 20 as Japan’s central bank sparked chaos on global financial markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens B...
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
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Putin, Gensler, Coinbase Ditches XRP
Crypto News: Here are the most popular stories from across the cryptosphere as featured on BeInCrypto this past week. Putin Plugs Crypto Settlement System Russian President Vladimir Putin emphasized...
Shipping Giant Ditches IBM Blockchain as Commercially Unviable
Maersk announced it would start phasing out its blockchain-based supply chain solution TradeLens it had created in partnership with IBM. Maersk and IBM said they would start withdrawing TradeLens offe...
Tether Ditches Solana, Performs $1 Billion USDT Swap
In a backward move for the Solana ecosystem, stablecoin issuer Tether is set to swap 1 billion USDT on Solana for ERC20 tokens for use on Ethereum. After the news, the price of SOL fell roughly 0.03%,...
Premier League ditches ConsenSys, picks Sorare for NFT launch
The English Premier League’s plan to shill crypto tokens to fans moved a step closer after it announced its intention to ink a £30 million-a-year deal with a new provider. Sky News reports that the le...
CAA drops Ye, MRC ditches documentary over antisemitic remarks
Kanye West attends the Givenchy Womenswear Spring/Summer 2023 show as part of Paris Fashion Week on October 02, 2022 in Paris, France. Stephane Cardinale – Corbis | Corbis Entertainment | Getty ...
Polkadot’s Gavin Wood Ditches CEO Role
Alex Dovbnya Björn Wagner, chief commercial officer, has been appointed as the company’s new CEO Polkadot founder Gavin Wood has stepped down as chief executive officer of Parity Technologies, ...
Former Congressional Candidate Ditches Bitcoin For XRP, LUNC
David Gokhshtein, former U.S. Congressional candidate and founder of Gokhshtein Media, on Friday said he favors buying “a bag of XRP” as the SEC handover Hinman docs to Ripple. Gokhshtein believes if ...
Tether Ditches Commercial Paper Reserves for T-Bills
Key Takeaways Tether has shrunk its commercial paper holdings to zero. U.S. Treasury Bills now make up the majority of Tether’s reserves. So far, Tether’s increased transparency hasn’t helped it shed ...
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
Hong Kong Ditches Strict Covid Quarantine For Travelers After More Than Two Years
Topline Hong Kong will ditch its strict hotel quarantine policy for international travelers, the government announced on Friday, marking the end of one of the world’s toughest pandemic containment reg...
Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K
Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All down after gloomy macro week Da...
Crypto.com Ditches $495 Million Sponsorship Deal With Champions League Soccer: Report
Crypto.com has pulled out of a massive sponsorship deal with the European Champions League (UEFA) at the “last moment” earlier this summer, SportBusiness reported today. The deal was repor...
Big Short’s Michael Burry Ditches All Investments Except One, Says Economic Winter Incoming
Michael Burry, the investor of “The Big Short” fame, is selling almost all of the assets in his equity portfolio and issuing a warning about a stock market crash comparable to the 2008 mortgage crisis...
Chainlink ditches Ethereum PoW forks for PoS after The Merge
Chainlink is aligning itself with the decision of the Ethereum Foundation and its community. Therefore, forked versions of the Ethereum blockchain, which includes proof-of-work (PoW) forks, will no lo...
Michael Saylor Ditches CEO Position As MicroStrategy Suffers $1 Billion Loss
Michael Saylor is vacating his position as MicroStrategy’s chief executive to become Executive Chairman, focusing on the company’s bitcoin strategy, according to a statement posted by MicroStrategy, T...
Billionaire Steve Cohen Ditches Crypto Startup Radkl: Report
Cohen backed Radkl in a personal capacity, not via Point72 The proprietary crypto trading firm launched in September last year by partners at GTS Billionaire hedge fund manager Steve Cohen is no longe...
dYdX Ditches Ethereum for Its Own Cosmos Blockchain
Key Takeaways dYdX is leaving Ethereum and building its own chain in the Cosmos ecosystem. Developers believe the move will allow the protocol to increase its processing capacity by at least ten. The ...
Billionaire George Soros Ditches GM
If it were up to iconic investor and short-seller George Soros to pick the winners of automotive electrification, General Motors (GM) – Get General Motors Company Report would have a lot to wor...
‘Avatar 2’ Ditches Papyrus Logo Made Famous By ‘SNL’ Sketch
A general view at the world premiere of Avatar held at The Odeon Leicester Square on December 10, … [+], 2009 in London, England. (Photo by Dave Hogan/Getty Images) Getty Images The much-delayed...
Ark Invest ditches PayPal for Cash App
The founder of crypto investment firm Ark Invest, Cathie Wood, has sold all her shares in PayPal to invest in the Cash App payment system that uses Bitcoin Lightning Network. Ark Invest invests in Cas...