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2023-02-13 21:16:40 Breaking: Paxos Terminates Partnership with Binance, Stops Minting BUSD
Paxos, the premier regulated blockchain and tokenization infrastructure provider, has announced that it will end its relationship with Binance for the BUSD stablecoin brand. The decision, which comes in close coordination with the New York Department of Financial Services (NYDFS), will take effect on February 21, 2023. Paxos maintains that customer safety has always been its top priority. And this will not change in the wake of the recent announcement, the firm said. BUSD stablecoin will continue to be fully supported by Paxos, with all BUSD tokens issued backed 1:1 with US dollar reserves, held in segregated accounts. Read more Open / Comment

2023-02-13 01:29:57 This Week In Crypto (CW 6)
1. Kraken reaches $30M settlement with SEC over staking as IRS seeks user information
2. FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
3. Binance to temporarily suspend bank transfers in US dollars
4. Genesis creditors to expect 80% recovery under proposed restructuring plan
5. Ethereum co-founder Joe Lubin says no chance ETH is classed as security

CW5 (last week) Open / Comment

2023-02-12 23:52:20 Brazil's oldest bank says you can now pay your taxes with crypto
Banco do Brasil, the South American country's oldest bank, says it's now possible to do what many blockchain enthusiasts have long wanted — the ability to pay the taxman in crypto. Through a partnership with Bitfy, a startup that was funded by the bank's VC arm, clients can use the app to instantly convert crypto in their account into the local currency to pay and settle a tax bill. Read more Open / Comment

2023-02-11 22:42:31 Shiba Inu ($SHIB), Polkadot ($DOT), and More Added to Binance’s Proof of Reserves Verification System
The meme-inspired cryptocurrency Shiba Inu ($SHIB) and the native token of the “blockchain of blockchains” Polkadot ($DOT) have been added, along with other tokens, to Binance’s Proof of Reserves verification system. Binance’s Proof of Reserves system essentially allows users to verify through a cryptographic tool called a Merkle Tree to verify that the cryptocurrency has their assets in reserve, backing their deposited funds on the platform. Read more Open / Comment

2023-02-10 11:52:50 Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
Crypto exchange Kraken will “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities, the U.S. agency announced Thursday. Payward Ventures, Inc. and Payward Trading Ltd., the registered companies that make up Kraken, will end staking services and programs, the SEC said. The programs offered the general public access to staking services since at least 2019. Read more Open / Comment

2023-02-09 13:18:37 Microsoft, Google chatbot frenzy prompts rally in AI, big data tokens
Artificial intelligence (AI) and big data tokens are rallying amid the sudden fascination with AI chatbots. Google is promoting its Bard bot, while Microsoft relaunched its Bing search engine with ChatGPT built in. Crypto assets in the AI and the big data space have jumped. Big data protocol (BDP), the native token of an emerging decentralized data marketplace, leads the pack with a 1,400% rally in the last week, to trade around $0.48, according to CoinGecko data. Read more

Do/did you invest in Big Data / AI Tokens? Open / Comment

2023-02-08 15:26:29 Bitcoin Rises to $23.3K as Jerome Powell Repeats 'Disinflationary Process' Comment
While the "disinflationary process" has started, it will take a good deal of time before the U.S. Federal Reserve is ready to declare victory in its fight against rising price levels, said Jay Powell, discussing the economy with Carlyle Group co-founder David Rubenstein. Rubenstein wasted no time in the interview, leading off by asking if last Friday's blowout jobs report (517,000 jobs added) might have changed the Fed's decision two days earlier to hike its benchmark Federal Funds rate by just 25 basis points. Powell said the news wouldn't have been likely to have made a difference. Read more Open / Comment

2023-02-07 18:09:04 Fakeout or Breakout?
Did Bitcoin already reach the bottom and start now to new heights? Which strategy is the best in the current market?

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2023-02-07 11:59:55 Crypto exchange Binance will suspend U.S. dollar transfers
Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told CNBC. “Affected customers are being notified directly.” The company said “0.01% of our monthly active users leverage USD bank transfers” and added that “we are working hard to restart service as soon as possible.” Read more Open / Comment

2023-02-06 15:42:55 Russia's Sberbank to launch DeFi platform in coming months
Russia's largest lender Sberbank (SBER.MM) plans to launch a decentralised finance (DeFi) platform within the next few months, the Interfax news agency reported. Sberbank says it wants to make the Russian decentralised finance system the best in the world, and is currently beta testing its own platform. Decentralised finance platforms allow users to perform typical banking transactions, such as lending, saving and investing, based on distributed ledger, or blockchain, technology. Read more Open / Comment