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Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw … Read more
USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption. Go to Source Powered by WPeMatico
The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults. Go to Source Powered by WPeMatico
Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies. Go to Source Powered by WPeMatico
According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by March 31, 2023. The report attributes the crypto asset’s resurgence to “increased volatility … Read more
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from companies that may want to … Read more
Flatcoins need to provide a more stable and decentralized alternative to traditional currencies — otherwise, they’re nothing but investment vehicles. Go to Source Powered by WPeMatico
The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed. Go to Source Powered by WPeMatico
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees. Go to Source Powered by WPeMatico
On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce fees by implementing four levels of trading fees. New Features and Improved Capital Efficiency Offered in … Read more