Wall Street Memes (WSM) is a memecoin project that has achieved a remarkable feat, amassing over $25 million in initial capital. The project is now in its 30th and final presale phase, and is set to list on major exchanges on September 27th. To further attract investors, the project has rolled out a staking mechanism […]
This week’s Crypto Biz explores the latest developments in the global regulatory landscape for crypto companies, particularly in the United States. Coinbase and Circle have decided to dissolve the Centre Consortium in a strategic realignment driven by demand for regulatory clarity on stablecoins. Binance.US has announced a partnership with MoonPay featuring the dollar-pegged stablecoin Tether […]
Binance, one of the world’s largest cryptocurrency exchanges, has ceased offering its clients the option to conduct peer-to-peer transactions through sanctioned Russian banks. This decision follows a Wall Street Journal exposé that revealed how the exchange allegedly facilitated the movement of funds from Russia to other countries.A spokesperson from Binance stated that the exchange regularly […]
Visa and Mastercard have recently distanced themselves from Binance, one of the world’s largest cryptocurrency exchanges. This decision comes only weeks after Binance has been facing multiple legal challenges in the United States.Experts believe that this move is unlikely to hurt the crypto exchange, as Binance has been able to successfully navigate similar challenges in […]
A controversy has emerged this week surrounding Russian banks and Binance, one of the world’s largest cryptocurrency exchanges. According to the Wall Street Journal, Binance has continued to allow peer-to-peer trading involving the Russian banks in question. The implications of this news are yet to be seen, but it could have a significant impact on […]
Vauld, a Singapore-based cryptocurrency lending platform, has announced several changes, including the appointment of a new CEO. The bear market has had a significant impact on the company, leading to layoffs and the suspension of withdrawals and deposits. In July, Vauld filed for protection against creditors and the Singaporean magistrate has approved the company’s scheme […]
Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. This has strengthened the narrative that interest rates are likely to remain higher for longer. After a brief sell-off, the United States […]
The U.S. Drug Enforcement Administration (DEA) was recently tricked by a crypto scammer, resulting in a loss of over $50,000 in USDT. The scammer used a technique known as address poisoning, which involves sending transactions of no value to a victim’s account from a similar address. The DEA had seized approximately $500,000 in Tether from […]
HashKey, a prominent Asian cryptocurrency exchange, has recently secured crucial regulatory clearances, allowing them to offer retail customers the option to trade in two of the most dominant digital currencies: Bitcoin and Ethereum. This move positions Hong Kong as a frontrunner in adopting and legitimizing cryptocurrency trading for retail investors.The exchange has been granted two […]
This week in DeFi saw developers behind Base and Optimism protocols join forces to create a revenue and governance sharing framework. Additionally, the $1.5 billion Multichain hack has seen some new evidence, and blockchain security provider Quantstamp has introduced a new DeFi tool to detect flash loan attack vulnerabilities in several protocols. Shiba Inu’s Ethereum […]
