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Nalezeno "Cryptocurrency News": 3045

Reserve is working to update RSV basket without BUSD


Reserve Protocol has announced that it will officially revise the RSV basket without BUSD. Until now, the basket was backed by USDC and BUSD collectively; however, the revision would lead to the backing of the RSV basket entirely with USDC. Factors considered for this update were liquidity...

Bitcoin, TRON dump; Orbeon Protocol leads the charge


Bitcoin (BTC) and TRON (TRX) may be experiencing volatility and market drops, but one innovative player in spearheading the world of cryptocurrency is Orbeon Protocol (ORBN), a crowdfunding platform that gives investors access to early-stage investment opportunities, even those previously excluded...

Azuro V2 & Azuro Score now live on Polygon with on-chain betting


Azuro recently announced the release of its V2 and Azuro Score on Polygon. The launch allows crypto users to get one-click exposure to thousands of betting markets. The integration also provides users access to an AMM-like liquidity pool. This will help them earn Azuro Score points that can...

SEC charges Do Kwon for allegedly misleading crypto customers


Well, if developments around the FTX collapse were not disastrously interesting enough, then we have Terra making its way back to the highlights again. It all started with TerraUSD slipping below the committed pegged ratio of 1:1 with the US Dollar and causing an effect on LUNA, followed by...

Bitcoin traders are ready with long positions; Are you?


Crypto traders have been building long positions on Bitcoin; at least open interest and price action stats suggest it. However, the case is different for Ethereum, where we can find evidence of profit booking around $1650. The Bitcoin open interests (OI) in future derivatives suggest a positive...

Hester Pierce rises against the SEC for crypto’s existence


The US Securities and Exchange Commission is working hard to ensure that assets are covered by its authority to protect investors’ interests. If it comes into existence, the policy will extend the authority of the SEC from funds and securities to also cover assets. However, there is...

Bitcoin soars above $24K as traders look for Hong Kong’s decision


Bitcoin recently came to life as regulations surrounding digital assets are in the works. Experts believe that this news is only part of the ongoing hike. On the other hand, the crypto industry can expect constant regulatory volatility throughout the year. Traders are also keenly looking forward...

Elizabeth Warren and conservatives aim to take on the crypto


The previous year saw crypto emerge as the best alternative in the financial system. The phase lasted until FTX collapsed, withholding funds from several customers by halting the withdrawal process. Things are about to get tricky now that Elizabeth Warren has come out to build an anti-crypto army...

Bitcoin, Ethereum, and major altcoins gain after the US CPI


Bitcoin, Ethereum, and many other cryptocurrencies rose on Wednesday after investors ignored the seemingly US regulatory crackdown and inflation data. Cardano posted the largest increase, but many other cryptocurrencies are still in a bearish phase compared to February’s weekly performance.  ...

Crypto exchanges to propel Web3 and crypto awareness in India


Crypto adoption in India could happen successfully following any intervention from the regulators, besides implementing a tax cut and TDS. The country has a vast population to leverage. Still, it is also responsible for educating them about the functioning of crypto and Web3, both of which...

Binance’s CZ says BUSD Funds in Paxos are #SAFU


Changpeng Zhao, Binance CEO, recently announced that the exchange will still support BUSD. The statement was issued after New York regulators and the SEC ordered Paxos to restrict the stablecoin’s minting. The New York Department of Financial Services (NYDFS) told Paxos, the company that made...

Busan aims to become a global crypto hub despite aging population


South Korea rides high on one the best GDP figures of $30,000 per the statement of Bloomberg. However, one city, in particular, is witnessing a silent downfall due to its aging population, where 21% of the people are at least 65 years old. Busan is now looking to turn the tables by attracting...

Paxos and Binance end their partnership for BUSD, halting its minting


Paxos has published a media statement to announce that it will soon halt the minting of BUSD. The development comes after the blockchain and tokenization infrastructure platform announced that it would end its relationship with Binance for the issuance of BUSD. This goes into effect on February...

UAE’s Central Bank pushes for CBDC for financial transformation


The UAE is looking to boost its cross-border payments while also enhancing its domestic financial infrastructure. This comes after the Central Bank of the UAE announced the issue of CBDC, short for central bank digital currency. The issuance of CBDC comes as a part of the financial infrastructure...

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