The New York State Department of Financial Services (NYDFS) has ordered Paxos Trust to stop issuing new Binance USD (BUSD) tokens, The Wall Street Journal (WSJ) reports, citing Binance. At the same time, Paxos will continue to manage the redemption of the BUSD token. BUSD is a Binance-branded stablecoin pegged to the US dollar. Paxos...
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether ETH won’t be classified as a security in the United States. Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23. Asked if ETH could be classed as a security in...
Leading crypto platforms began to send funds to help Turkey, which suffered from a devastating earthquake. Binance, OKX, Gate.io, Huobi, Bybit, Bitget and other crypto exchanges have already announced the allocation of financial assistance. Binance has announced that it will be distributing $100 worth of BNB tokens to all users who live in the regions...
Tesla lost more than USD 140 million last year betting on Bitcoin, according to a filing Monday with the U.S. Securities and Exchange Commission. The electric car maker was hit with a USD 204 million depreciation penalty after receiving USD 64 million for Bitcoin conversions in 2022. In the first quarter of 2021, Tesla invested...
Brett Harrison, former president of FTX.US, has raised USD 5 million for Architect, a new crypto startup that will build trading software targeted at large investors and institutions, according to a Bloomberg report. It has been almost four months since Brett Harrison stepped down as president of FTX.US, the US arm of the now bankrupt...
Shares of BIT Mining (BTCM) on the New York Stock Exchange (NYSE) rose 106% from USD 2.11 to USD 4.36 per share after the company announced the release of new LD3 mining devices on Twitter on 10 January. On 17 January, hardware manufacturer BIT Mining announced on its blog that the production of these devices...
The MVIS Global Digital Assets Mining Index, which includes data on the top 20 Bitcoin miners including Riot Blockchain, Galaxy Digital, Bitfarms and Iris Energy, has grown by 64% since the beginning of January 2023. This month, the indicator showed the largest increase since its inception in December 2021, according to Bloomberg. At the same...
The European Central Bank (ECB) has said that the digital euro is not related to programmable money, which is to say currency for which spending rules are laid down upon issuance. “The digital euro is NOT programmable money,” reads a presentation published by the regulator of a new form of European currency. Digital national currencies...
The developers of the dog-themed token Shiba Inu posted an update to inform the community about the upcoming beta release of Shibarium, a Layer 2 network that will run on top of the Ethereum mainnet. The network will help speed up transactions, lower fees and empower the ecosystem. The Shiba Inu project was launched in...
The much-cited Bitcoin Fear and Greed Index moved into neutral territory over the weekend after months of fear. On 15 January, the index reached a neutral level of 52, the highest since 5 April 2022. The move follows a 24% rise in the price of Bitcoin (BTC) over the past seven days. The market sentiment...
