Altcoin News

Binance Spokesperson Confirms: Paxos Will Stop Minting New BUSD Tokens

After the news that the US Securities and Exchange Commission (SEC) intends to sue the issuer Paxos for determining that the stablecoin Binance USD (BUSD) is an “unregistered security” earlier today (13th), the incident has made new progress. Cryptocurrency exchange Binance noted that Paxos has been instructed to stop minting new BUSD. According to reports, …

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After disappearing for 8 months, Do Kwon is making a comeback?

After the collapse of the $60 billion Terra empire, crypto fugitive Do Kwon is plotting a comeback. The frustrated CEO of Terraform Labs, whose UST stablecoin collapsed last year, is working on some new products and hiring new employees to fill out his engineering department. Zion Schum, director of communications at Terraform Labs, confirmed to …

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Bitcoin broke through the $17,000 mark! The market waits for the release of CPI data, Powell’s speech

Bitcoin broke through the $17,000 mark decisively early this morning (9th), broke through the recent price range, and hit a three-week high. Prior to this, the United States released key economic data on Friday showing that the job market is still quite strong, and there is still some distance from a recession, which boosted people’s …

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Insist that “HUOBI is a fire in the bear market”! Justin Sun denies layoffs of 800 people

Faced with the threat of a wildfire-like bear market, cryptocurrency companies are laying off workers in waves. It has been widely rumored in the market earlier that the cryptocurrency exchange Huobi (formerly Huobi) also plans to drastically lay off 800 employees and cancel the year-end bonus for all employees. In response to the above news, …

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Bahamian Authorities: Seized $3.5 Billion in Digital Assets from FTX

The Securities Commission of the Bahamas (Securities Commission of the Bahamas) stated earlier today (30th) that authorities seized as much as $3.5 billion in digital assets from FTX. Authorities in the Bahamas ordered FTX to transfer assets held in cryptocurrency wallets to government-controlled wallets on Nov. 12, saying the urgent legal action was to protect …

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SBF released on $250M bail! How to pay the sky-high bail with “$100,000 left”?

FTX founder Sam Bankman-Fried (SBF) made his first court appearance on December 22 after being extradited back to the United States for trial and was granted $250 million bail, one of the largest pretrial bail amounts in U.S. history. However, after the collapse of the FTX empire, SBF’s net worth was almost reduced to zero, …

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FTT plummeted after FTX announced its acquisition, investors went from worry to frenzy to panic

In the early morning of the 9th, FTX CEO Samuel Bankman-Fried (SBF) and Binance CEO Changpeng Zhao (CZ) announced the news of “Binance’s acquisition of FTX” through social media. Changpeng Zhao confirmed on Twitter that the two cryptocurrency exchange giants signed a non-binding letter of intent. However, the message content of this post far exceeded …

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“National DeFi” is coming! Monetary Authority of Singapore’s “DeFi Trial” completes its first transaction

The Monetary Authority of Singapore (MAS) announced on November 2 that it has officially launched a digital asset and decentralized finance (DeFi) trial, and said that the first industrial trial of its project “Project Guardian” has completed the first real-time transaction. Institutions include DBS Bank, JPMorgan Chase and SBI Digital Asset Holdings. The trial aims …

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Determined to make the UK a “Global Crypto Asset Center”! How will the new prime minister support the currency circle?

Rishi Sunak, the former British Chancellor of the Exchequer, was elected leader of the Conservative Party on Monday and was determined to take over as Prime Minister of the United Kingdom. In addition to the heated discussion about his family background like a “victory group in life”, people in the currency circle also paid special …

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