On Monday, shares of the struggling Grayscale Bitcoin Trust (GBTC) jumped, bringing the trust’s discount to Bitcoin closer to BTC’s original price. The over-the-counter security saw a price increase of 11.56%, to $9.65, yesterday. As a result, the trust’s discount relative to the NAV of its Bitcoin assets shrank to
The world’s largest cryptocurrency exchange Binance’s partner Paxos burned 61,634908 Binance USD, which is worth over $61665725.45. Binance USD, also known as BUSD. The Paxos Trust Company, a financial technology company with headquarters in New York, issues BUSD under the Binance brand. It is anchored to the $1 price principally by
Decipher 2022, a second annual gathering of the Algorand foundation held in Dubai was a massive success. The active community engagement portrayed confidence in the existing blockchain technology. The following is an exclusive interview of delegates conducted by TheNewsCrypto. About Anil Kakani Anil Kakani is the Algorand Foundation’s country head
Sherrod Brown, the head of the United States Banking Committee, propounded that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to embargo Cryptocurrency. He further stated that the Treasury Department and “all the other agencies” should evaluate any potential actions linked to the Cryptocurrency market. Brown
On Wednesday, Justin Sun, founder of the Tron, withdrew 100 million BUSD stablecoins. The one hundred million BUSD withheld was deposited into the Paxos Treasury. On Tuesday, Binance CEO CZ said that Justin Sun’s transfer of 100 million USDC to Binance is an integral aspect of deploying BUSD on Tron
SINGAPORE–(BUSINESS WIRE)–OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, today announced a strategic partnership with Flowdesk, a provider of trading infrastructure for market-making and other crypto financial services. After a rapid growth over the past two years, token issuers now face many challenges such
According to the Financial Times, the UK Treasury is working to finalize a framework for Crypto regulation. There have been some major legislative shifts in the crypto industry and its interactions with overseas businesses that have made headlines recently. The regulatory status of cryptocurrencies has dominated headlines throughout the FTX
NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present at the upcoming Goldman Sachs 2022 US Financial Services Conference. The conference is scheduled for Tuesday, December 6th – Wednesday, December 7th, 2022 at the Conrad Hotel in New York
Reaffirms 2022 Guidance Veterans Administration Approval to Operate LOS ANGELES–(BUSINESS WIRE)–Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the third quarter of 2022. “Our Q3 financial results demonstrated continued revenue growth and strong EBITDA margins despite the volatile economic conditions. In addition, we celebrated the first
The ideal mixing protocol, for Ethereum, Tornado Cash, has been sanctioned yet again. The United States Treasury Department said in a press statement today that it was updating its sanctions on Tornado Cash because the service had been used to provide North Korea with money, supplies, and technology. The Treasury
