Circle – the issuer of the world’s second-largest stablecoin, USDC – reportedly warned the New York Department of Financial Services (NYDFS) last Autumn that Binance has been mismanaging its token reserves. This came months before Monday’s announcement that Paxos is ending its relationship with Binance surrounding BUSD, by order of the New York regulator. Circle’s...Read More
In a YouTube video shared on their channel, the cybersecurity team at Unciphered demonstrated a critical security vulnerability for the OneKey wallet that they discovered during research. As is customary for the white hat discovery of vulnerabilities, the video was released after it was patched. Lacking Customary Encryption Unciphered, a cybersecurity startup whose main focus...Read More
The popular Canadian rapper – Aubrey Drake Graham (better known as Drake) – won $1,262,000 worth of bitcoin after the Kansas City Chiefs came out victorious on Super Bowl LVII and Patrick Mahomes scored a touchdown. His last year’s bet was also successful, bringing him a profit of $300,000 in BTC. Super Bowl is Immune...Read More
Members of the Aave community – a widely used decentralized lending protocol – are mulling a freeze on BUSD after a wave of regulatory pressure against its issuer, Paxos, on Monday. A newly tabled governance proposal would freeze Aave’s BUSD reserve on its Ethereum market beginning in April, only allowing users to burn BUSD tokens...Read More
Jacob Blish, the head of business development at Lido DAO, the decentralized autonomous organization behind the largest liquid staking protocol, believes the recent SEC crackdown on crypto staking services could cause new challenges for decentralized finance (DeFi). According to a Bloomberg report, Blish opined that the state of crypto staking in the U.S. depends on...Read More
Robert Kiyosaki – the author of the bestseller “Rich Dad, Poor Dad” – thinks bitcoin will surge to $500,000 by 2025 due to an incoming market crash and a consecutive distrust in the US dollar. He has previously warned people to avoid traditional fiat currencies during uncertain times and focus on BTC or gold. Kiyosaki’s...Read More
Following the Securities and Exchange Commission’s complaint against Ripple Labs, the XRP token’s developer, several cryptocurrency exchanges have delisted trading in the token this week. Trading in the XRP coin has been halted, according to exchanges and financial websites like Crypto.com, Coinbase, and OKCoin. The case has undergone numerous developments since then, and the SEC...Read More
The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21. Despite this, the firm said it has a “strong corporate balance sheet” and vowed to continue servicing new and existing clients. Ending the Relationship With Binance As directed by the New York State...Read More
The hacker who exploited Solana’s cross-chain bridge Wormhole a year ago has moved another $61 million in ether (ETH) of the stolen funds. Blockchain security firm PeckShield disclosed Sunday that the exploiter moved some of the assets to the Ethereum-based decentralized protocol MakerDAO. Wormhole Attacker Moves Stolen Funds Again Recall that Wormhole Bridge was exploited...Read More
The Dogecoin (DOGE) community was delighted by Elon Musk’s unexpected support during this year’s Super Bowl over the weekend. While wearing a Dogecoin-themed t-shirt, Musk was spotted sitting next to media mogul Rupert Murdoch, the owner of the Fox empire and this year’s broadcaster of the Super Bowl. Notably, Musk sparked a social media debate...Read More
The world’s largest crypto exchange has reportedly admitted that the New York Department of Financial Services has ordered Paxos to stop issuing the Binance USD (BUSD) stablecoin. BUSD is the seventh-largest cryptocurrency, with a market cap of over $16 billion. The United States continues with its clampdown against several cryptocurrency participants. After Kraken fell victim...Read More
[PRESS RELEASE – Seattle, Washington, 10th February 2023] Massive Gaming, NEOWIZ’s overseas affiliate, plans to launch 3 different series of social casino games; House of Slots, House of Poker and House of Blackjack, with a combination of Web3-based Play and Earn content and blockchain technology within the first half-year of 2023. Before and after launch,...Read More
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD. The WSJ report stated that the financial regulator issued a letter to Paxos, known as a Wells notice, to inform it of possible enforcement action. The Wells notice enables companies...Read More
