Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served it a Wells notice after rumors to that effect emerged. Plus, news on Polygon-based bonds, AI tokens, Sam Bankman-Fried’s VPN use,…
Ad FTX founder Sam Bankman-Fried has been ordered to reappear in court for the second time in a week after prosecutors revealed he has attempted to use a VPN despite being warned by Judge Kaplan against it. Judge Kaplan set the hearing — scheduled for Feb. 16 — after prosecutors submitted a letter noting that…
Ad Siemens, Germany’s third-largest publicly traded company by market cap, has issued its first digital bond worth €60 million ($64 million) on the Polygon blockchain. The bond was issued in accordance with Germany’s Electronic Securities Act, which came into force in June 2021 and allows the sale of blockchain-based debt to take place. Blockchain-based bonds…
Ad Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14. Disparte wrote: “Circle has not received a Wells notice.” Unsubstantiated rumors emerged earlier today suggesting that U.S. Securities and Exchange Commission had sent a Wells…
Ad BendDAO, the largest NFT lending platform by market cap, hit new all-time highs last month on the backs of 4,399 individual loans, many of them Azukis, Mutants and BAYC. (Source: Twitter) Twitter user @JKrantz speculated that the sudden all-time high might be because borrowers are getting paid a higher interest to take out loans…
Ad Curve pool’s Binance USD (BUSD) V2 pool is heavily imbalanced, with crypto traders showing preferences for Tether’s USDT. The BUSD V2 dashboard shows that the embattled stablecoin accounted for roughly 81% of the pool’s $12.85 million reserve, while USDT made up 4%. The other stablecoins in the pool — USD Coin (USDC) and DAI…
Ad NFT marketplace Magic Eden inked a partnership with Web3 payment platform MoonPay to add payment alternatives to its platform, according to Fintech Finance. The new features will allow Magic Eden users to purchase NFTs using their credit cards, Google Pay, and Apple Pay, as reported by Fintech Finance. Magic Eden COO Zhuoxun Yin explained…
Ad The crypto community donated over $4.5 million in seven days to help Turkey with disaster relief. Three wallets were created to collect donations on Feb. 7. Total amount donated sits at slightly over $4.5 million at the time of writing. Donations Avalanche (AVAX), which Turkish professor Emin Gün Sirer founded, donated $1 million, while…
Ad Exchange-related deposits and withdrawals of Bitcoin are often good indicators of market sentiment. When the number of exchange deposits grows, the liquid supply of Bitcoin grows and shows the market’s readiness to trade. Conversely, when the number of exchange withdrawals increases, investors seem less interested in trading and are looking to hold their BTC…
Ad South Korea’s Financial Supervisory Service (FSS) is reportedly monitoring the lawsuit between the United States Securities and Exchange (SEC) and crypto firm Ripple (XRP), South Korea’s News1 reported. The news outlet reported Feb. 14 that Ripple’s case could strongly impact how crypto assets are classified in the Asian country. It added that while digital…