Binance will stop support for BUSD in 2024

Cryptocurrency NewsBy 31/08/2023

Cryptocurrency exchange Binance has announced that it will stop supporting its BUSD stablecoin in 2024. The decision was made amid numerous lawsuits related to the coin. “Paxos will stop supporting BUSD in February 2024. Binance will also gradually start phasing out support for the stablecoin,” the company said. The exchange administration urged its users to transfer BUSD to other coins. At the same time, BUSD is still one of the five largest stablecoins – the…

US Court Declares Grayscale’s Refusal to Create a Bitcoin ETF Illegal

Cryptocurrency NewsBy 30/08/2023

Grayscale won a lawsuit against the US Securities and Exchange Commission (SEC). The verdict reverses the SEC’s decision and sends the company’s application for a spot Bitcoin ETF for review. Grayscale’s crypto funds hold $21 billion of assets, and GBTC remains the firm’s largest trust. The fund was launched in 2013 and since 2017 the company has been trying to convert it into a spot exchange-traded fund, but the SEC has been adamant, rejecting all…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 26/08/2023

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Crypto platform Patricia converted customer funds into its own PTK tokens without permission

Cryptocurrency NewsBy 24/08/2023

Nigerian cryptocurrency platform Patricia has unilaterally converted outstanding user funds into its own stablecoin, Patricia Token (PTK). The decision to convert funds was made by the platform three months after the hacker attack, during which Patricia lost $2 million worth of bitcoins and other assets. As a result of the hack, the platform blocked the withdrawal of funds. Patricia users were able to withdraw funds through the Patricia Plus product recently launched by the platform.…

Scam Sniffer: User Lost $900,000 in Cryptocurrency Due to Phishing Link

Cryptocurrency NewsBy 24/08/2023

An anonymous crypto holder lost his savings after he went to the Celer Bridge phishing page, which ended up right in the Google search results. Analysts from Scam Sniffer write about this. Scam victim transferred $900,000 in Ether to a fake address. Immediately after, the scammers managed to launder money through the KuCoin crypto exchange using various tokens and networks. Scam Sniffer writes that this is not the first time that malicious links have popped…

The Benefits and Risks of Leverage Trading

Cryptocurrency NewsBy 23/08/2023

The Benefits and Risks of Leverage Trading Leverage is a feature that enables traders to invest less capital while still getting large exposure to the market. This means you can deposit a small amount to open a trade with much greater market exposure, usually on a ratio provided by your CFD Broker. With such reward comes risk; in this article we look at the benefits of leverage trading, as well as mitigating some of the…

Kenyan Parliament Launches Investigation into WorldCoin Project

Cryptocurrency NewsBy 22/08/2023

The Parliament of Kenya has formed a commission to study the methods of collecting and storing data practiced in the country by the international crypto project WorldCoin. The project distributes free tokens in exchange for a retinal scan. The commission included representatives of the committees for administration and internal security, communications and innovation, tourism and wildlife. Kenyan National Assembly Speaker Moses Wetangula said the commission has 42 days to collect data and report to the…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 18/08/2023

An unknown person transferred 1005 BTC from a wallet that had been sleeping for 13 years

Cryptocurrency NewsBy 18/08/2023

Observers noticed the movement of a large amount of bitcoins mined in 2010, and some representatives of the crypto-currency community even believed that Satoshi Nakamoto himself moved the coins. Analyst, cryptocurrency developer and trader Kirill Kretow clarified: the bitcoins moved this time were mined just a year after the launch of the first cryptocurrency. We are talking about 1,005 BTC, which have lain without movement for almost 13 years. Now the value of the transferred…

Bank of America: Widespread adoption of PayPal stablecoin is unlikely

Cryptocurrency NewsBy 15/08/2023

The launch of the PayPal USD stablecoin will increase the efficiency of payments and improve the customer experience, but the adoption of the asset is unlikely to be widespread, analysts at Bank of America said. “Long term, we expect PYUSD to face additional adoption challenges as competition from central bank digital currencies (CBDCs) and high-yielding stablecoins intensifies,” the analysts wrote. It doesn’t matter to investors which stablecoins to hold as long as the assets are…

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