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Bybit halts USD bank transfers citing partner outages
4.3.2023
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
4.3.2023
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire...
Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting
3.3.2023
Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin
Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk
3.3.2023
Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar
Binance USD market cap falls below $10B amid rising regulatory concerns
3.3.2023
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022
Shiba Inu Price Prediction - SHIB at Bottom of Current Range is a Buy Signal for Traders
28.2.2023
Investors appear to have retreated to the sidelines with cryptocurrencies across the board left in the hands of the bears. The second most popular meme coin, Shiba Inu has fallen from its recent 2023 high of $0.00001590 to trade at $0.00001235 as regulatory pressure bites. However, SHIB’s...
Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards
27.2.2023
Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange said in a tweet Monday
Is the SEC’s action against BUSD more about Binance than stablecoins?
27.2.2023
The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance
Shiba Inu Price Prediction as $300 Million Trading Volume Comes In – Is It Time to Buy?
25.2.2023
The world’s second most popular meme coin, Shiba Inu is slowly approaching solid support around $0.00001210. Bulls are ready for another comeback, this time backed by the launch of Shibarium’s beta launch. Shiba Inu price is in the red because of a bearish wave that has been traversing the crypto...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
Crypto Biz: Coinbase has a lot at stake
24.2.2023
Coinbase says its staking product offerings are different than Kraken's, which came under SEC scrutiny and resulted in a $30 million fine
Feds discover DeFi’s alleged $340 million Ponzi scheme
24.2.2023
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was preparing for a serious allegation: decentralized finance (DeFi). In light of recent events, the...
Big Eyes Coin bulldozes to $30 million in presale: Ripple & Solana hoping for full potential in 2023
23.2.2023
Big Eyes Coin: The alpha in crypto presales Since its launch last year, Big Eyes Coin (BIG), with its exciting and unique offers, has captured the attention of many meme-loving investors and has become the most successful presale in recent history for cryptocurrency. Big Eyes Coin’s presale...
Hope Finance announces theft of $1.86 million
23.2.2023
Hope Finance recently announced that it had been the victim of a $1.86 million theft. The project Tomb-fork, situated in Arbitrum, purportedly sent a tweet mentioning that the perpetrator is apparently a team member. According to trustworthy sources, it is also believed that the theft was committed...
COTI’s turning point: more than half a billion $COTI deposited
23.2.2023
Ever since the entity successfully launched the COTI Treasury, it has been able to witness an extremely speedy pace of growth. At the present moment in time, it boasts of having been able to accumulate more than half a billion $COTI. It has, in actuality, become the very backbone of the COTI...
USDC issuer Circle to increase staff by up to 25% amid layoff season
23.2.2023
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger
A16z Crypto leads $10 million seed round for Azra Games
22.2.2023
Azra Games has announced raising $10 million in the recent seed round, bringing the total seed fund to $25 million. The recent funding round was led by A16z Crypto, welcoming participants like Coinbase Ventures, NFX, and Franklin Templeton. Funds raised from the round will be directed by Azra Games...
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
21.2.2023
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...
Paxos is engaged in 'constructive discussions' with SEC: Report
21.2.2023
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security
Renegade manages to obtain $3.4M from Dragonfly
21.2.2023
Renegade manages to successfully obtain for itself an amount of $3.4 million from Dragonfly. This was achieved with the aim and intention of creating an on-chain dark pool, an end-to-end encrypted DEX having midpoint trades for zero price effect. The funding that took place happened to have been...