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 […]
Veloce Media Group, a multi-pillared gaming and sports media group, is launching its governance and utility token, VEXT, exclusively on ByBit, one of the global top leading exchanges. VEXT will empower holders to become part of the Veloce ecosystem and have further influence, integration and rewards over decentralised assets within the Veloce Media Group. The […]
Binance, one of the world’s leading cryptocurrency exchanges, has announced its plan to reduce support for its Binance USD stablecoin by February 2024. This pivot arises from Paxos’s cessation of new BUSD token minting. Changes on the Binance platform are imminent as the exchange preps for this shift, including the phasing out of BUSD spot […]
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 […]
Veloce Media Group, the world’s largest digital racing media network, is launching its governance and utility token, VEXT, exclusively on ByBit, one of the global top leading exchanges. VEXT will empower holders to become part of the Veloce ecosystem and have further influence, integration and rewards over decentralised assets within the Veloce Media Group. The […]
Cryptocurrency exchanges in Australia are taking preventative measures to protect their users from scams. At a panel of the fintech conference Intersekt 2023 in Melbourne, executives from major Australian crypto firms discussed the issue of scams and fraud in crypto. The firms have implemented automated and manual Anti-Money Laundering (AML) checks, investigations, education and communication […]
Interlay, a leader in decentralized Bitcoin infrastructure, has released the MVP of BOB (“Build on Bitcoin”) – a new Bitcoin layer 2 network. It features Rust smart contracts compatible with Bitcoin libraries such as Lightning and Ordinals, as well as full support of the Ethereum Virtual Machine. The first MVP of BOB includes a demo […]
