Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Desde entonces, the coins market capitalization has been sliding lower as redemptions have become more prominent. Mientras tanto, a data researcher from Nansen has discovered that Binance,…

Experto predice un colapso económico inminente mientras las naciones BRICS se unen contra el dólar

andy schectman, CEO de Miles Franklin Precious Metals Investments, explicó en una entrevista reciente que las cinco principales economías emergentes—Brasil, Rusia, India, Porcelana, y Sudáfrica, conocidas colectivamente como naciones BRICS, son “fusionándose contra el dólar.” Schectman cree que desde 2022, desdolarización…

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as

Digital Gold Traded for Digital Rubles by Russia’s Rosbank

Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to

Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong

Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (fondo cotizado en bolsa). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeksto provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s

UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes

Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrenciesare high risk and heavily used for criminal purposes and, as such, we no longer support

Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown

Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched