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Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregistered security” and ordering Paxos to stop minting new tokens.Do these moves signal a…
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Binance USD’s (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.BUSD’s market cap has…
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The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will…
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As Ethereum’s Shanghai upgrade is well underway, all eyes are set on Ethereum’s largest staking pool – Lido, and its decision on whether to sell or stake its $30 million worth of Ether.Why Does It Matter?Following The Merge last year,…
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Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.The news comes after Silvergate announced on March 1 that it would…
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Our weekly roundup of news from East Asia curates the industry’s most important developments. OKX airdrop after token trading fiasco OKX will airdrop 3,014,381 Tether (USDT) to users who suffered losses as a result of…
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Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have…
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The price of Bitcoin (BTC) has fallen over 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital. The price drop has wiped $22 billion from Bitcoin's total…
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A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that…
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