Will the BUSD Upon Paxos Survive?
BUSD gets regulated by the NYDFS for Ethereum (ETH) through Paxos. BUSD complies fully with the regulations of NYDFS. Speculations arise on the trustworthiness of BUSD.Apart from just having a…
SEC Authorities Charges Social Media Influencers in $100M Stock Scam
Social media sites like Twitter and Discord were used in this plan by the defendants. The SEC has filed a complaint against all of the defendants in the case. The…
Bitcoin Falls Below $18k After Federal Reserves Announces 50bps Rate Hike
The Fed’s latest rate hike takes the central bank’s target interest rate above 4%. Bitcoin saw more volatility on Wednesday following a Federal Open Markets Committee meeting, during which the…
About $100M BUSD was Withdrawn From Binance Exchange by Justin Sun TRON Founder
CZ said that the transaction was part of the company’s plan to use cross-chain swaps. Later Justin Sun deposited $100 million USDC into Binance. On Wednesday, Justin Sun, founder of…
USDT Stablecoin Issuer Tether plan to end Loans by 2023
As of September 30th, the company claims that it has loaned out $6.1 billion. The company’s total assets surpassed $68 billion in the third quarter alone. In light of the…
Binance CEO CZ Calls Huge Withdrawals Business as Usual
A total of 40,353 Bitcoins and 278,017 Ether tokens were withdrawn. Binance’s native cryptocurrency BNB Coin dropped by 5 percent on Tuesday. On Monday, reports surfaced that the U.S. Department…
Binance U.S launch Binance Pay Service For U.S Users
The service went into beta internationally in February 2021 for peer-to-peer payments.The exchange clarified that all Pay transactions would be free of any gas or fees.After being available to clients…
FTX Trade investors Assets for Margin Trading at Alameda said Bankruptcy Lawyer
John Ray confirmed what many industry leaders expect, and what Sam Bankman-Fried has avoided directly stating.FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee…
NFT Avatars Minted on Reddit Milestone now past 5 Million
The project has over 4.25 million distinct wallets with around 3.95M users. Reddit announced that it would provide NFT avatars in July.Reddit’s foray into tokenized avatars has been a ray…
Chinese government discover $1.7B Money Laundering in Crypto
The Chinese government was able to seize a total of 130 million Chinese yuan. The probe was initiated when a local bank saw a dramatic increase in deposits.Chinese police in…