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” France pilots in-store crypto payments as Binance partners with Ingenico “ Mainstream crypto and crypto-based services adoption continues, with more companies bridging traditional financial (TradFi) solutions with decentralized financial (DeFi) solutions. In an announcement on Feb. 22, a new pilot program launched between the crypto exchange, Binance and credit card service company Ingenico, allows…
” The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20 “ New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar-pegged stablecoin. Paxos received a cease order from the…
” Binance to bring fans closer to sports teams with fan token platform “ Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders. In an announcement sent to Cointelegraph, the crypto exchange said that…
” Bitcoin price rally to $25K followed by total crypto market cap retest of the $1.13T resistance “ The total crypto market capitalization rejected at $1.13 trillion on Feb. 16, but there was no change in the month-long ascending channel structure. More importantly, this level represents a 43% gain in 2023, which is far from…
” CZ denies report Binance is considering major breakup with US business partners “ Binance CEO Changpeng Zhao has denied a report that the company is considering cutting ties with United States business partners. Binance has been the object of increasing scrutiny from U.S. regulators in recent weeks. Bloomberg reported on Feb. 17 that Binance Holdings…
” Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade “ The upcoming Ethereum Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during the Merge on Sept. 15, 2022. Once Shanghai is implemented, previously locked…
” Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD “ Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The transaction took place on Feb. 16, according to data from Etherscan, and also comes…
” Bitcoin price derivatives look a bit overheated, but data suggests bears are outnumbered “ Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors’ risk assessment for…
” Binance moved $400M from Binance.US account to firm tied to CZ: Report “ An investigative report has suggested that major cryptocurrency exchange Binance was behind transferring roughly $400 million in funds from a Binance.US account to a trading firm managed by Changpeng Zhao. According to a Feb. 16 Reuters report, an investigation of Binance’s…
” Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals “ The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs. BUSD market cap drops by…