The share of Tether (USDT) in the stablecoin market exceeded 51% for the first time since May 2022. This past weekend, February 11-12, this figure reached 51.07%, and by February 13 it was 51.31%, according to CoinGecko. In second place is USD Coin (USDC) – it occupies 30.64% of the market, Binance USD (BUSD) accounts...
According to the Dune analytical platform, on February 13, the outflow of funds from the Binance crypto exchange amounted to $916 million. This was the largest outflow of funds in one day since November 24 last year, when assets worth $1 billion were withdrawn from Binance. Withdrawals by exchange users on February 13 follow an...
Wirex has signed a long-term partnership with Visa, which will allow it to issue crypto-enabled debit cards in the UK and in a further 40 countries. The strategic partnership between Wirex and Visa is likely to bring more collaboration as the Visa network can open doors for Wirex in Europe, USA, and in the Asia-Pacific...
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...
Paris’s leading contemporary art museum, the Centre Pompidou, announced on Feb. 10 an upcoming permanent exhibition targeting the intersection between art and the blockchain represented by nonfungible tokens (NFTs). According to an announcement on Feb. 10, the Centre will feature NFTs from over 16 digital artists around the world, including popular collectibles, such as CryptoPunk...
The transaction included the exchange of tokenized gold between the two parties using blockchain technology and digital settlement of the national currency. Rosbank has successfully demonstrated a deal to exchange digital gold using a new form of national currency, according to a bank press release. The transaction was carried out on the Atomyze platform. According...
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...
Hypernative, a cryptocurrency security startup that specializes in anti-hack protection, today announced that it has raised USD 9 million in seed funding to help Web3 companies prevent losses from cyberattacks. IBI Tech Fund and boldstart ventures led the round with additional investments from Nexo, Blockdaemon, borderless, Alchemy and CMT Digital, among others. According to Hypernative...
