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Binance to End Support for BUSD Stablecoin, Remaining Balances Converted to FDUSD
29.11.2023
Binance ends BUSD support and transitions to FDUSD stablecoin after regulatory troubles. Image by maurice norbert, Adobe Stock. Major cryptocurrency exchange Binance announced today in a blog post that it will end support for its Binance USD (BUSD) stablecoin on December 15. The move comes after...
Bitfinex users fall for ‘minor’ phishing attack after employee gets hacked
5.11.2023
Bitfinex stressed its systems weren’t compromised and no customer funds were lost
Understanding Support & Resistance in Crypto Trading
12.10.2023
In the world of crypto trading, there are many ways to identify opportunities, one of the most prominent methods being technical analysis. This is the study and general breaking down of charts using various indicators and charting patterns. One such technique is known as Support and Resistance...
Bitcoin price dips below $25K — Opportunity, or a sign of incoming calamity?
11.9.2023
BTC price peers over the cliff at $25,000. Should investors look for shelter or perceive an opportunity?
Binance pushes new stablecoin as it confirms plan to cease BUSD support
31.8.2023
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time
Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges
21.8.2023
Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21...
Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts
19.8.2023
One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away From BNB Smart Chain in Strategy Re-evaluation...
Twitter to impose daily limits on DMs for unverified accounts, citing an effort to ‘reduce spam’
22.7.2023
Twitter has not yet specified what the daily DM limits will be, and the move hasn’t been received well by both verified and unverified users
Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit
16.7.2023
Janet Yellen, serving as the 78th U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.” Furthermore, Yellen expressed caution regarding the premature removal of trade constraints against China,...
BTC’s Year-End Price Projections for 2023 Vary Widely, Ranging From $25K to $40K, While Future Forecasts Extend Into Six-Digit Territory
7.7.2023
Bitcoin’s market performance in the first half of 2023, surging by 80% against the U.S. dollar, has enthusiasts eagerly speculating about its year-end price. Techopedia and Changelly have released price prediction reports with varying estimates, suggesting that bitcoin’s value could...
Binance to Lose Euro Transfers as Paysafe Drops Support
30.6.2023
Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits...
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem
27.6.2023
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...
Majority of Americans Hesitant to Embrace Central Bank Digital Currency, Survey Finds
13.6.2023
A recent poll conducted by the Cato Institute and public opinion firm Yougov reveals that the majority of Americans are hesitant to adopt a central bank digital currency (CBDC). The findings indicate that support for a CBDC remains relatively low among survey respondents. U.S. CBDC Support Remains...
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
4.5.2023
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central...
Meta Winding Down Support for NFTs on Facebook, Instagram
15.3.2023
U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens...
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
9.3.2023
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems....
Binance Looking to Hire Developers, Support Staff in Romania
24.2.2023
Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency...
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
8.2.2023
Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
19.1.2023
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default...
Swyftx cuts 40% of staff as it braces against 'worst-case scenario'
5.12.2022
The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout