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 […]
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 […]
Binance, a crypto exchange, has removed two payment options from its peer-to-peer service after being criticized for using code words to represent sanctioned Russian banks. The payment options were listed on the exchange’s message board, which allows users to buy and sell cryptocurrency. The payment options were removed after Binance learned that account holders were […]
Federal Reserve Chair Jerome Powell recently spoke at the Jackson Hole Economic Symposium, where he outlined the uncertainties surrounding the economic outlook and the possibility of further restrictive monetary policies. Despite inflation having declined from its peak, Powell maintained that it remains excessively high. The Federal Reserve is prepared to raise interest rates further if […]
Donald Trump’s nonfungible tokens (NFTs) surged in price after a photo of the former United States President was released as part of his criminal case in Georgia. Data from NFT marketplace OpenSea showed that the floor price of Trump’s line of digital trading cards increased more than 62% from 0.138 to 0.224 Ether ETH ($1,645) […]
