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.
More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7 as Block 3000: Blockchain Battle gathers the best and brightest of Blockchain, Web3 and Crypto to unveil exciting new projects, engage in priceless networking and to set the discourse for the industry.
Amazingly, the supply of the BUSD stablecoin has decreased by 17.77% in just six days.
Sales of non-fungible tokens (NFTs) have been surging in the past year, and the trend shows no signs of slowing down.
As the March 2023 Ethereum Shanghai hard fork looms, traders predict it could lead to a sharp sell-off in ether.
Bitcoin’s price has seen a significant surge over the past few days, gaining 6.3% just two days after reaching its lowest level in over three weeks.
Binance CEO Changpeng Zhao (CZ) has warned that if Paxos Trust Company-issued stablecoin Binance Dollar (BUSD) is classified as a security, it could have a significant impact on the crypto industry.
Litecoin’s blockchain network reached a new level of computing power and difficulty on January 25, 2023.
Bitcoin’s hashrate, a measure of the computational power of the network, reached a record-high on January 6th, 2023, at block height 770,709.
It’s been a record-breaking week for the Fusionist Alpha Prestige non-fungible token (NFT) series, with OpenSea data showing that the floor price reached an all-time high of 2.89 ETH on January 6th – an impressive increase of 85% in just seven days.
In this article, 20 exciting cryptocurrencies were introduced that are worth considering for investment in 2023. These include Cardano, Solana, Polkadot, Binance Coin, Chainlink, and more. These cryptocurrencies have a range of features and use cases, and they are all worth researching further to determine their potential as investments.
3Commas users have been urged to immediately disable their API keys by CEO Changpeng Zhao, following the discovery of extensive leaks.
In a shocking turn of events, authorities have uncovered a massive international drug cartel that was using the popular cryptocurrency exchange Binance to launder millions of dollars.
In this article, we’ll take a closer look at the top five most Googled cryptocurrencies of 2022.
Boris Johnson’s brother, Jo Johnson, has resigned from his advisory role at Binance’s UK unit amid concerns about transparency in the finance sector and market turmoil.
In this article, we will outline the steps you need to take to quickly and securely convert your BNB to fiat using MetaMask.
Cryptocurrency adoption just took a big step forward with the announcement that MetaMask wallet has partnered with PayPal.
Christmas is just around the corner, and many crypto platforms are offering exciting promotions for their users.
Binance, one of the world’s largest and most popular cryptocurrency exchanges, has recently seen a surge in unusual altcoin trading activity.
