Binance USD (BUSD) has fallen out of the top five stablecoins by market capitalization after its circulating supply dropped below 1 billion, the lowest since December 2020. The circulating supply of BUSD now stands at 927 million tokens, a dramatic 96% decrease from its peak supply of 23.45 billion. This drop has also significantly affected […]
BlackRock, the world’s largest asset manager, is anticipating the approval of its spot Bitcoin ETF application by the United States Securities and Exchange Commission (SEC) as early as Wednesday. This comes as the SEC, stock exchanges, and investment management firms convened on Friday to discuss last-minute wording changes on ETF filings.BlackRock is not alone in […]
Despite recent business challenges, UBS is planning to expand its wealth management and fund business in China. The future of the onshore securities business remains uncertain.“China is a key strategic market and a place where we want to do more,” said Eugene Qian, UBS’s China Country Head, in an interview with Bloomberg TV. “In particular, […]
Digital Currency Group (DCG) has successfully settled all its short-term loans to Genesis, a crypto lending platform. In a recent announcement, DCG revealed that it repaid a $700 million loan to the crypto broker. The company also stated that it is now current with its financial obligations, having paid over $1 billion to creditors in […]
Hazem Shawki, a former Goldman Sachs Group, Inc banker who was involved in a 1Malaysia Development Bhd (1MDB) mega deal with fraudster Jho Low, has been appointed to run UBS’ investment bank in the Middle East. Shawki, who was working for Goldman Sachs in Dubai in 2012, was deeply involved with Jho Low and the […]
In a surprising turn of events, the number of kiosks offering the option to purchase cryptocurrencies using cash or debit cards has been on a decline, despite Bitcoin’s record-breaking performance throughout 2023. Data from Coin ATM Radar reveals that the total count of crypto ATMs worldwide has decreased from 37,827 on January 1, 2023, to […]
Crypto payment gateway CoinsPaid has fallen victim to its second security breach in the past six months, with unauthorized transactions amounting to nearly $7.5 million. The breach was detected by Web3 security firm Cyvers, whose artificial intelligence system identified multiple irregular transactions on January 6. These transactions allowed the withdrawal of $6.1 million worth of […]
Digital Currency Group (DCG), a venture capital firm, has successfully made a $700 million payment to its subsidiary, Genesis Global Capital (GGC). This payment settles short-term loans from the now-insolvent crypto lending platform. The settlement comes four months after Genesis initiated a lawsuit against DCG and an affiliate over the repayment of overdue loans.DCG announced […]
In response to new regulations imposed by the UK government, several crypto exchanges are taking necessary steps to comply. The regulations, part of the Financial Services and Markets Act, now include firms dealing with crypto and stablecoins, holding them to the same regulatory standards as traditional financial services.For Coinbase’s UK users, compliance means disclosing their […]
Lucie, the marketing lead for Shiba Inu, recently announced a unique opportunity for community members to earn on their holdings. The announcement, made on X (formerly Twitter), revealed the distribution of 2 LEASH and 85,000,000 SHIB tokens for participants on ShibaPunkz.art. The tokens will be distributed over the next four months, marking a first for […]
