With the failure of crypto-friendly institutions and the depeg events of stablecoins, Binance CEO Changpeng Zhao said on Monday that the exchange will move the remaining money in the Industry Recovery Initiative into Bitcoin (BTC), Binance Coin (BNB), and Ethereum (ETH). Binance CEO Changpeng Zhao (CZ) came to Twitter in
A month after U.S. authorities clamped down on similar offerings. Coinbase informed customers Monday that it is revising the terms and conditions of its staking service. In an email to customers on Friday. the largest cryptocurrency exchange in the United States confirmed the continuation of staking. And emphasized that clients
The two leading cryptocurrency exchanges, Binance and Coinbase, announced on Friday night that they will temporarily halt USDC conversions until the ripple effect of the collapse of Silicon Valley Bank plays out. The action was taken because of fears that USDC stablecoin issuer Circle was keeping part of the stablecoin’s
According to a transaction report provided to investors, prominent growth investor Cathie Wood’s Ark Invest purchased more shares of cryptocurrency exchange Coinbase (COIN) on Thursday than it had in all of January. More than 350,000 Coinbase shares were purchased in a single day by the company, making it the largest
NakaDollar (NUSD) is a proposed new stablecoin backed by bitcoin (BTC) and bitcoin derivatives. It has been suggested by Arthur Hayes, co-founder of cryptocurrency derivative trading platform BitMEX. Moreover, Hayes said in a blog post that the creation of NUSD would be different. Especially from the creation of other stablecoins.
Vajram Exchange, a crypto exchange originating from India has made its presence at the Crypto Expo Dubai 2023. The event was one of the largest cryptocurrency summits with over 10K attendees from 30+ countries. Vajram is a product of the Vajra Group of Companies. The parent company has established itself
Even if the market were to tank, it seems like Visa’s cryptocurrency operations would continue as planned. The company behind the widely-used cryptocurrency exchange Gate.io, Gate Group, has announced that it would launch a Gate Visa crypto debit card. Gate has announced that it is now accepting registrations and waiting
Creditors of Mt. Gox will now have an extra month to register. There has been a one-month extension given to creditors to submit claims after the notification that the deadline has been pushed back from March 10 to April 6. It’s been a month since the original distribution deadline was
Former crypto billionaire Sam Bankman-Fried’s legal team requested a postponement of his October 2 criminal trial. This is according to court documents filed on March 8. According to Reuters, their argument was that it may take longer than anticipated to analyze the facts and prepare a defense. The attorneys wrote
On Wednesday, Coinbase introduced a new service. That it claims would make Web3 technology more accessible for businesses and individuals by streamlining digital wallets. Wallet as a Service is a suite of programming tools. That enables businesses to incorporate their branded digital wallets into their own applications. As stated, Coinbase’s
