Category: Latest news

[ad_1] Ad Investors withdrew around $2.3 billion worth of Binance USD (BUSD) from Binance within four days after the Securities and Exchange Commission (SEC) issued a warning to BUSD issuer Paxos. The SEC requested Paxos to stop further BUSD production on Feb. 13. At the time, Binance held a little over 14.4 billion BUSD tokens…

[ad_1] Glassnode data analyzed by CryptoSlate shows that Bitcoin miners are beginning to enjoy some respite in the current year after struggling in 2022. Bitcoin miner’s holdings decline 12.1% YoY As of Jan. 2022, Bitcoin miners held 36,003 BTC, with mining firms like Core Scientific, Riot, Hut8, Marathon, and Bitfarms holding over 30,000 coins. However, the…

[ad_1] Ad Binance CEO Changpeng Zhao (CZ) said the “landscape is shifting,’ concerning stablecoin movements triggered by recent regulatory pressures. Tether gains at BUSD’s expense The Binance CEO tweeted details of changes in the valuations of the top three stablecoins. He said BUSD’s market cap had fallen by almost $2.5 billion to $13.7 billion —…

[ad_1] Ad Bank of Japan director Uchida Shinichi said that the apex bank would launch a central bank digital currency (CBDC) pilot program to test the use of digital yen from April. The Bank of Japan launched the Proof of Concept (PoC) phase of its CBDC experiment in April 2021. The PoC was designed to investigate…

[ad_1] Quick Take Bitcoin broke below $24,000 on Feb. 17, as coins returned to exchanges while short-term holders realized large amounts of profit. Over 15,000 BTC went back onto exchanges from a range of cohorts — from small to big players. Year-to-date (YTD), only 2,000 BTC have been withdrawn from exchanges. Net realized profit was…

[ad_1] Ad The two largest creditors of Mt. Gox, the now-defunct cryptocurrency exchange that got hacked in 2014 — leading to the loss of 850,000 BTC — have chosen an early lump sum payment option that will not require a selloff of their Bitcoin holdings. The payment is scheduled for September 2023, CoinDesk reported Feb.…

[ad_1] Ad Binance has made good on its recent promise to support the stablecoin ecosystem. According to a tweet from Whale Alert, on Feb. 16, Binance purchased nearly 50 million, a stablecoin running on the Ethereum blockchain. The exchange minted nearly 50 million TUSD on Feb. 16. Following the minting, the TRU token, previously linked…

[ad_1] Ad The U.S. Securities and Exchange Commission (SEC) filed a complaint on Feb. 16 against Terraform Labs PTE Ltd. and its founder Do Kwon. The SEC alleged that the defendants offered and sold crypto asset securities in unregistered transactions and perpetrated a fraudulent scheme. The regulator said: “Defendants’ crypto asset securities offerings involved an…

[ad_1] Ad Binance.US sent approximately $404 million to a firm managed by Binance CEO Changpeng Zhao, according to a Feb. 16 report from Reuters. That report alleges that Binance.US, under the name BAM Trading, sent millions of dollars from an account at Silvergate Bank to a trading firm called Merit Peak Ltd. Merit Peak names…

[ad_1] Quick Take So far, 2023 has been a great year for Bitcoin miners as the hash rate and price has surged. As a result, share prices have soared YTD; Iris Energy Limited: 270% Bitfarms Ltd: 170% Hut 8: 158% Bit Digital Inc.: 138% Marathon Digital Holdings Inc: 139% HIVE Blockchain Technologies Ltd: 133% Riot…