All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said. Blockchain infrastructure platform Paxos will halt issuance of new…
Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York…
Members of the community were confused and argued that people buying the stablecoin are not expecting it to go up in value. Paxos and Binance USD (BUSD) being in the…
Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move. Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud…
DASH is trading at $62.9 with a bullish bias as buyers fight to rise above a significant supplier congestion zone. Despite a positive outlook from Go to Source
Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services. The order coincided with the SEC’s plans to sue Paxos for selling…
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake…
Software giant Microsoft is shutting down one of its most significant groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated its whole…
A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last…
Basic Attention Token (BAT) was fighting to hold on to key support levels as bulls and bears fought for control on Monday. The BAT price Go to Source
A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap. The New York Department of Financial Services (NYDFS) has reportedly ordered blockchain company Paxos…
Web hosting company Namecheap detected the misuse of one of its third-party services for sending some unauthorized emails, which directly targeted MetaMask users. Popular crypto wallet provider MetaMask warned investors…
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities. Recently reported planned enforcement action against…
A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S. A crackdown by the United States…
Bitcoin Is in a Range as It Consolidates Above $21.7K for a Potential Gain – February 12, 2023 For the past 48 hours, the BTC Go to Source
