The Terra Luna Classic (LUNC) developer L1 Terra Classic Task Force (L1TF) has completed the preparation for the mainnet launch of the v2.2.0 core upgrade. The upgrade is expected to be launched in September and will bring a total improvement in the Terra Classic infrastructure. It will also update the Cosmos SDK to SDK 46 […]
Binance has announced that it will be phasing out support for Binance USD (BUSD) by February 2024. The exchange has advised its users to convert their BUSD holdings to First Digital USD (FDUSD). BUSD will remain backed 1:1 by USD until support is ended.The decision to phase out BUSD is due to regulatory issues surrounding […]
Crypto exchange giant Binance has announced that it will stop supporting BUSD by 2024. The firm has asked users to convert their BUSD to FDUSD, a stablecoin recently listed on the Binance platform. Binance will delist BUSD spot and margin trading pairs, and is offering zero fees for users to trade BUSD assets for FDUSD. […]
X, the social media site owned by Elon Musk and formerly known as Twitter, has been granted payment licenses by a number of American states. This week, the company received a currency transmitter license in Rhode Island. Musk has hinted at supporting crypto on X, even briefly replacing the old Twitter bird logo with dogecoin’s […]
X, the social media site owned by Elon Musk and formerly known as Twitter, has been granted payment licenses by a number of American states. This week, the company received a currency transmitter license in Rhode Island. Musk has hinted at supporting crypto on X, even briefly replacing the old Twitter bird logo with dogecoin’s […]
Binance has announced that it will be gradually winding down its support for BUSD, a stablecoin, by September 7th. This comes after the U.S. Securities and Exchange Commission (SEC) launched a probe into digital asset issuer Paxos, which had been minting BUSD tokens. The SEC labeled BUSD an unregistered security, and Binance and its CEO […]
Elon Musk has recently quashed any possibility that his social media platform X, formerly Twitter, would launch a cryptocurrency token. In response to a developer’s post on the site, Musk shared his insight that the platform’s primary goal is to integrate real-world financial functionality rather than having a cryptocurrency substitute. This marks the second instance […]
The US Securities and Exchange Commission (SEC) is facing increasing pressure to approve Grayscale’s ETF application following a court ruling in favor of the asset manager. Bloomberg ETF analysts have increased the odds of Spot Bitcoin ETFs launching this year to 75%. The analysts had previously put the odds of ETF approval this year at […]
Vivek Ramaswamy, a Republican presidential candidate, has expressed optimism about Bitcoin’s prospects and views Grayscale’s recent victory as a promising indicator for cryptocurrency innovation in the United States. Ramaswamy criticized regulators, such as the Securities and Exchange Commission (SEC), describing them as a shadow government and claiming they were out of control.Grayscale achieved a significant […]
In a landmark ruling, United States District Judge Katherine Polk Failla has declared Ethereum (ETH) and Bitcoin as “crypto commodities” while dismissing a class-action lawsuit against Uniswap. This decision offers a definitive stance in the ongoing SEC vs. CFTC jurisdiction battle.The lawsuit was filed in April 2022 by six crypto investors who had fallen prey […]
