After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
HSBC and Nationwide are moving to ban the use of credit cards for purchases of cryptocurrencies, which comes amid growing regulatory scrutiny of cryptocurrencies in the UK. The newest banks to take action in response to recent warnings issued by the United Kingdom (UK) regarding the cryptocurrency business are Nationwide Building Society and HSBC Holdings. … Read more
When the testing process of the CBDC, digital dollar – the eAUD, officially begins, the Reserve Bank of Australia (RBA) has revealed that it will be working along with payments firm Mastercard. The Reserve Bank of Australia has stated that it plans to investigate a wide range of applications for its central bank-issued digital currency … Read more
In response to the recent $9.1 million security breach, Platypus Finance has established a compensation webpage for its customers. Users are able to check how much the platform owes them by using this portal, which operates in accordance with the decentralized finance (DeFi) protocol. The Platypus team clarified that in the event that customers uncover … Read more
Shortly after disclosing plans to investigate how to utilize a CBDC and issue a digital pound, authorities from the Bank of England (BoE) and the UK Treasury stated that having a central bank digital currency in the United Kingdom could provide lucrative opportunities for businesses located in the area. Ben Broadbent, who serves as the deputy … Read more
With the failure of FTX and Alameda before the end of 2017, the cryptocurrency exchange known as Binance, which is currently the largest in terms of daily traded volume and total user base, is the subject of intense scrutiny. Crypto experts have found malicious transactions within the firm’s wallets, even though the company has published … Read more
In a move that has never been seen before, Tether (USDT) has disregarded penalties imposed by the Office of Foreign Assets Control (OFAC). Because OFAC does not indicate “that a stablecoin issuer is expected to freeze secondary market addresses,” the organization has made the decision to go against the recommendations of OFAC. As a result, … Read more
Each stablecoin is taking its turns to plan its breakthrough plays as the competition between the two top stablecoins continues to see new rivalries every month. Therefore, to keep you up to date, below is the most recent fact check regarding the current standings of this ongoing battle. Stablecoins had a total market capitalization of … Read more
Hackers took advantage of a flaw in the liquidity pool of the decentralized finance (DeFi) platform Acala, which is based in Polkadot, and caused its aUSD stablecoin to fall by 99%. This caused the list of not-so-stable stablecoins to gain a new entry. According to data provided by CoinGecko, the value of the stablecoin dropped … Read more