Paxos to stop minting BUSD stablecoins for Binance
All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said. Go to Source Powered by WPeMatico
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Binance to support BUSD while exploring non-USD stablecoins, CZ says
Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators. Go to Source Powered by WPeMatico
Canadian University Dubai backtracks on accepting crypto via Binance Pay
Before hitting a technical roadblock, CUD was seemingly interested in collecting tuition and course fees in cryptocurrencies from both domestic and international students. Go to Source Powered by WPeMatico
Jump Crypto unveils critical vulnerability on Binance’s BNB Chain
The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team. Go to Source Powered by WPeMatico
Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges and custody institutions in Argentina, in the wake of the demise of leading cryptocurrency exchange FTX. Cryptocurrency Exchanges … Read more
Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations “are false and unsubstantiated,” Wazirx stressed. “As far as Binance’s actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.” Wazirx Says Binance’s Accusations Are … Read more
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization. Leading Exchanges Commit to Supporting the Victims of the Earthquake in Turkey … Read more
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed … Read more
Crypto exchanges tackle insider trading after recent convictions
The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities. Go to Source Powered by WPeMatico
Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts
Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said. Binance Suspending USD Deposits and Withdrawals Global cryptocurrency exchange Binance … Read more