Over the past two months, an average of more than 30 million BUSD (Binance USD) tokens have been burned per day, indicating a major shift in the crypto market.
Privacy project Railgun DAO has teamed up with Chainway to add “clearance proof” capabilities for anti-money laundering and sanctions compliance.
Secure more than 40% off on tickets for one of the biggest blockchain events in Europe.
Total bitcoin futures volume on cryptocurrency exchanges hit $931.4 billion in April, a sharp increase from the previous month, according to data released by crypto analytics firm CryptoCompare.
The U.S. crypto market is losing its global dominance as regulatory action, including by the U.S. Securities and Exchange Commission, continues to hit the market.
The upgrade will enable validators to withdraw ETH from the beacon chain and bring new functionality to the execution and consensus layers.
A group of law firms led by Adam Moskowitz filed a lawsuit on behalf of “hundreds of thousands of victims” against Binance, CEO CZ and celebrities promoting the exchange in Florida, including NBA Miami Heat star Jimmy Butler.
While the lawsuit primarily focuses on allegations that commodities exchanges are not registered in the U.S., it could have broader ramifications for Binance and the cryptoasset industry.
Mysten Labs, the development team behind Sui, reached an agreement with the FTX bankruptcy estate on Wednesday to purchase FTX’s equity investment in Mysten Labs and Sui token warrants for $96.3 million in cash.
FTX, a major cryptocurrency exchange, has filed a Statement of Financial Statements (SOFA) report with the U.S. Bankruptcy Court in Delaware on March 17.
Paxos, the leading blockchain infrastructure platform, announced that it processed more than $7.9 billion in BUSD redemptions in the 32 days since it stopped minting new BUSD tokens and ended its relationship with Binance on February 13, 2023. is its USD-backed stablecoin.
What exactly caused the USDC to unanchor, what were the collateral effects, what was the liquidity of the crypto market during the crisis, and how did the market recover?
Authorities in Kazakhstan have shut down digital asset exchange ABS Change allegedly involved in illegal cryptocurrency trading.
The price of USDC has been unanchored, and Binance, Coinbase, etc. have announced the closure of USDC exchange services. Facing panic and runs, will USDC enter a death spiral?
New York Attorney General Letitia James has filed a lawsuit against Kucoin, a Seychelles-based crypto exchange, for failing to register as a securities and commodities broker-dealer and falsely representing itself as an exchange.
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has reiterated his stance that stablecoins and Ether are commodities and should fall under the purview of the CFTC.
Binance, the world’s largest crypto exchange, has expanded its Proof-of-Reserve (PoR) report to include 11 more tokens, bringing the total amount of verifiable funds via the exchange’s PoR system to over $63 billion.
Bitcoin, the world’s most popular cryptocurrency, has experienced a significant drop in price on March 2, leading to over $200 million in long liquidations across various crypto derivative exchanges.
Binance USD’s (BUSD) market cap has fallen below $10 billion for the first time in almost two years, as regulatory concerns in the United States have taken a toll on its token issuer.
After Paxos, the blockchain company that minted the BUSD stablecoin, announced that it would no longer produce the dollar-pegged crypto asset, nearly $5 billion worth of BUSD stablecoins have been redeemed, reducing the overall supply of BUSD in circulation.