The NYDFS has reportedly mandated that Paxos Trust suspend the distribution of the Binance USD (BUSD) stablecoin, which is pegged to the U.S. Dollar. The regulator in New York has taken action…
Price of BNB Token Falls Below $300, Inflows of Binance USD Suggest Bearish Momentum
The value of the BNB Chain’s native token took a 7% decrease in the past 24 hours, associated with an influx of Binance USD (BUSD) stablecoins to cryptocurrency exchanges in response to…
Binance to Cease Production of BUSD Stablecoins Using Paxos
Paxos, a blockchain infrastructure platform, has decided to stop releasing new BUSD (BUSD) stablecoins due to the investigation by the New York authorities. On February 13th, Paxos declared that it would be…
Crypto Currency Values Fall Following Higher-than-Expected Inflation
Economists had predicted a 0.5% increase in the Consumer Price Index (CPI) for January, a figure which was in line with their expectations and a 0.1% increase from the month prior. Compared…
Cryptocurrencies Related to Dogs Surge After Tweet from Elon Musk About DOGE
In the wake of a meme featuring Elon Musk’s pet Floki being posted by the Twitter CEO, traders have become very enthusiastic about Shiba Inu-related investments. The freshly-appointed head of Twitter has…
Vitalik Buterin Disposes of His Personal Ethereum Assets, Moves Money: Possible Motives
Recently, Vitalik Buterin, Ethereum’s co-founder, conducted a transaction involving 210 ETH, valued at approximately $325,000, and exchanged it for USDC stablecoin, as per on-chain data. What was the purpose behind this move?…
Value of Bitcoin Reaches All-Time High at Over $23,700
BTC experienced an 8% surge over the last day, a jump not seen since September 2, when the currency rose 10.5%. This seems to be attributed to the well-documented phenomenon of a…
Reasons Behind Bitcoin’s Climb to $24,100
Bitcoin, the largest digital currency, once more climbed to the $24,000 level. This morning, the benchmark cryptocurrency achieved a high of $24,258 on the Bitstamp trading platform before experiencing a decline in…