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Nalezeno "conversion": 115

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum


On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following...

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower


Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...

Grayscale ponders tender launch if ETF conversion fails


Michael Sonnenshein, the CEO of Grayscale Investments, categorically states that their ultimate preference lies in converting the GBTC to an ETF. Furthermore, this conversion is done for the benefit of the concerned investors. However, Grayscale Investments is also considering launching a tender...

BitMEX adds Crypto conversion support for NEAR, AVAX & BNB


BitMEX recently announced extending its crypto conversion support to NEAR, AVAX, and BNB. However, this extended support system allows users to convert USD Coin into every token and coin available on BitMEX.Similarly, users can also convert the ERC-20 USD Coins into all the tokens and coins....

Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing


Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc....

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