Binance CEO Changpeng Zhao believes that due to the recent nitpicking of US regulators on BUSD, the industry may switch to stablecoins pegged to other fiat currencies. Speaking at the Twitter Spaces event, Changpeng Zhao reasoned that most people still make payments and settlements in fiat currencies, so they measure the return on their investments in dollars. In this regard, dollar-backed stablecoins are essential. However, due to the recent demand from the New York State

Bloomberg reports that a few months before the imposition of a ban on the issuance of Paxos-Binance stablecoins, Circle filed a complaint against a competitor with regulatory authorities. In late 2022, one of the largest stablecoin issuers, Circle Internet Financial, filed a complaint with the New York Department of Financial Services (NYDFS) against Paxos Trust, which regulates stablecoin issuers in New York State. Circle alerted the watchdog to the issues its team found and argued

Top 4 MetaTrader4 Indicators Every Trader Should Know   A look at the most prominent indicators utilized by traders worldwide.   When it comes to online trading, there is no better platform than MT4. The award- winning trading software is a favorite amongst professional and amateur traders alike. This is due to many features such as 2000+ free indicators however; in this article we will take a closer look at four of these fundamental indicators,

Ethereum co-founder Vitalik Buterin sent Ethereum donations totaling $227,000 to charities to help victims of the earthquake in Turkey. Last week, a powerful 7.8 magnitude earthquake hit Turkey. The death toll exceeded 33,000. Many cryptocurrency companies and exchanges did not remain indifferent to what happened, and allocated donations in crypto assets to help the victims. Among them was Ethereum co-founder Vitalik Buterin. On February 12, he sent 50 ETH (about $77,000) to the Anka Relief

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

PayPal was holding $604 million worth of customer crypto as of January 1, about $80 million less than at the end of September, before the collapse of the infamous FTX crypto exchange. The data is contained in the company’s annual report to the US Securities and Exchange Commission (SEC). Almost 90% of the total volume of cryptocurrency is stored in bitcoins (BTC) and ether (ETH). At the end of September 2022, PayPal held $690 million

According to Bloomberg, which cites a knowledgeable source, the US Securities and Exchange Commission (SEC) is checking several products of the Kraken exchange for violations of laws. An anonymous source of the publication said that the investigation is in its final stages and a settlement of the issue is possible in the near future. It is not yet known which Kraken tokens and products have attracted the attention of the regulator. Often the SEC allows

The American bank Revolut, which has 25 million customers worldwide, is starting to offer a cryptocurrency staking service in the UK and the European Economic Area. The launch of the staking service is scheduled for this week. Clients can choose from four cryptocurrencies: ETH (Ethereum), DOT (Polkadot), XTZ (Tezos) and ADA (Cardano). Depending on the assets, Revolut clients are promised income from 2.99% to 11.65% per annum. Staking can be done directly in the banking

The Whale Alert service, which tracks large transactions with crypto assets, showed that the owner of 2,043,137 DOGE, inactive since December 31, 2013, moved assets for the first time. On Sunday, February 5, all coins were transferred in just two transactions. First, the owner of the coins transferred 10,176 DOGE to an anonymous address, and a few minutes later sent the remaining 2,032,961 DOGE to another address. Nine years later, the accumulated Dogecoin on the

The CEO of ARK Invest called bitcoin a good store of value and the best protection against the depreciation of government currencies in developing countries. Catherine Wood, in an interview with Yahoo Finance, noted that hyperinflation is happening all over the world, so bitcoin can become a safe haven for both the poor and the rich. Wood recalled that the supply of Bitcoin is limited to 21 million coins, which makes the first cryptocurrency immune