Day: 31 August 2023

Binance has officially announced its plans to gradually discontinue support for Binance US Dollar stablecoin (BUSD). The move confirms prior speculations that the exchange would do so following Paxos's announcement to halt the issuance and redemption of the stablecoin. In its official statement on August 31, 2023, Binance noted that ...

Africa is undergoing a significant cryptocurrency revolution, primarily driven by its youth population. This surge is a response to factors like unstable fiat currencies – best exemplified by Nigeria's struggling naira, the growing use of crypto for cross-border transactions, which offers a more efficient and cost-effective solution compared to traditional ...

Ethereum’s ultimate goal is to evolve into a network capable of handling substantial transaction volumes and hosting real-world applications while overcoming the challenges posed by the blockchain trilemma.  The network’s transition to a Proof-of-Stake (PoS) consensus mechanism during the Merge is a significant stride towards this utopia of attaining full ...

Federal Judge Lewis Kaplan has set a September 7 for former FTX CEO Sam Bankman-Fried to request a jury for his trial scheduled for October. During an August 30 hearing, Judge Kaplan reportedly queried Bankman-Fried's lawyers about potentially needing more time, to which they responded, "not at this time."   ...

Following the metaverse boom in 2021, regular and big-shot investors dove headfirst into the industry, all hungry for a slice of the action in this incredible virtual world. Activities in the metaverse were off the charts, with virtual lands selling for stupendous prices, as high as $4 million, on decentralized ...

Digital asset management firm Grayscale has achieved a significant legal victory over the United States Securities and Exchange Commission (SEC) in its pursuit to transform its Grayscale Bitcoin Trust (GBTC) into a publicly traded Bitcoin exchange-traded fund (ETF). The SEC had previously rejected Grayscale's application in June 2022, citing concerns ...

There hasn't been a single approved Bitcoin spot ETF available for trading in the United States. This isn't due to a lack of filings for this investment asset class, but rather because the Securities and Exchange Commission (SEC), the regulatory body responsible for approving ETFs traded in the United States, ...