Introducing a dollar-pegged, Bitcoin-backed stablecoin, built without dependencies on banks HONG KONG–(BUSINESS WIRE)–Stabolut, a startup building a completely new worldwide payments ecosystem, today announced the launch of a decentralized, dollar-pegged, Bitcoin-backed stablecoin that is not reliant on banks, called USB. Available as of today, USB is a stablecoin issued under
Warren Buffett, the billionaire businessman renowned for his outspoken condemnation of Bitcoin and the cryptocurrency industry, has reaffirmed his stance. On Wednesday, as Bitcoin’s price rose beyond $30,000 and neared a 10-month high, he made the remarks. Buffett has said that the leading cryptocurrency, Bitcoin, is nothing more than a
Today, the United States Securities and Exchange Commission (U.S. SEC) has given the announcement of hiring General Attorneys in places like New York, San Francisco, and Washington. Under the Division of Enforcement, the position of General Attorney is currently available for Crypto Assets and Cyber Unit division. The Division of
Now that Gemini Trust Co.’s wealthy founders, Tyler and Cameron Winklevoss, have invested their own money in the struggling cryptocurrency exchange, users have reason to be optimistic. As a result of the year-long bear market for cryptocurrencies, Gemini has had to deal with a number of setbacks and regulatory obstacles.
The GDAC cryptocurrency exchange in South Korea was hacked for around $13.9 million. According to an April 10 release from GDAC CEO Han Seunghwan, the exchange has paused all deposits and withdrawals while it performs emergency system work in reaction to the assault. The notification claims that the attacker got
A recent tweet states that Binance’s U.S. division faces challenges finding a suitable new banking partner. The objective is to see a financial institution that can securely handle the cash deposits made by Binance users. Binance’s U.S. arm is actively searching for a new banking partner after the recent collapse
DUBLIN–(BUSINESS WIRE)–The “Global Blockchain and Cryptocurrency Market 2023” report has been added to ResearchAndMarkets.com’s offering. Despite the crypto winter, the U.S. is the front runner in implementing tighter regulations around cryptocurrency. The adoption of cryptocurrency worldwide is increasing significantly, and the U.S. is no exception to this trend. Although nearly
Dubai and the UAE have officially requested further information from Binance on the company’s auditing procedures and ownership structure. More crypto regulation has prompted the request, Bloomberg reports, from firms looking to get a crypto license. As per sources, the requests are due to the massive FTX collapse that occurred
Even after the demise of Sam Bankman Fried’s FTX, for whom Kevin O’Leary was a paid spokesman, he continues to invest in the cryptocurrency market. O’Leary has not changed his mind on the asset class despite the FTX crash, which has been called one of the worst times for the
The Silicon Valley Bank (SVB) incident happened at a time when the global cryptocurrency market was still recovering from last year’s substantial slump. This is when the massive outflow of USDC began. The FTX exchange and the TerraUSD and LUNA collapse instilled fear in investors against the crypto market. This
