Paxos, the leading blockchain infrastructure platform, announced that it processed more than $7.9 billion in BUSD redemptions in the 32 days since it stopped minting new BUSD tokens and ended its relationship with Binance on February 13, 2023. is its USD-backed stablecoin. The redemption represented nearly 50% of the BUSD in circulation and was executed […]
Logan Paul Sued Over Alleged NFT Fraud
Logan Paul, a YouTube influencer, is among five people getting sued at the time of writing for allegedly instigating a crypto and NFT fraud scheme. Logan Paul Is the Subject of a Crypto Lawsuit The lawsuit – filed by Houston based attorney firms Tom & Associates and Ellzey & Associates – represents Don Holland, a […]
Bitcoin Options Weekly Volume Hits $7.94 Billion, Highest Since October 2021
Bitcoin options volume hit a high of $7.94 billion this week, the highest since October 2021, according to The Block. Markets are currently pricing in easy monetary conditions because the Fed is unable to raise interest rates, said Anand Gomes, co-founder of institutional liquidity provider Paradigm. At the same time, Laura Vidiella, vice president of […]
Sony Files Patent for NFT Interoperability Framework Across Different Gaming Platforms
Japanese electronics giant Sony has applied for a patent for an NFT interoperability framework that could potentially deploy new NFT platforms. The patent, titled “NFT framework for transferring and using digital assets between gaming platforms,” was filed in September 2022, but was not made public until yesterday. The patent implies that gamers can use NFT […]
Glassnode Reports Bitcoin Below 200-Week Moving Average for First Time in History
Blockchain analysis firm Glassnode recently revealed that Bitcoin has been fluctuating between several popular and widely observed technical analysis pricing models. After encountering resistance at the 200-day and 365-day moving averages (around 25.0k) in February, this week prices bounced off the 200-day and 111-day moving averages (around 19.8k). This marked the first time in Bitcoin’s […]
Which ETH LSD?
With the next Ethereum upgrade scheduled for April 12, staked ETH will be officially un-lockable. Those of us who have been brave enough to ape into Ethereum and defi have been staking ETH for a year or more at around 5% APR. For those of us you have wanted to wait until unlocks are confirmed, […]
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 […]
Ethereum Price Stands Strong, Is $2k The Next Stop ? – Here Is What Analyst Predict
The post Ethereum Price Stands Strong, Is $2k The Next Stop ? – Here Is What Analyst Predict appeared first on Coinpedia Fintech News The year 20200 has observed many unfortunate events that have laid bad impact on the financial sector, especially the crypto industry. Along with Bitcoin, even Ethereum price has been fighting all […]
Biggest Movers: ETC up 12%, as SOL Nears 1-Month High
Ethereum classic rose by as much as 12% in today’s session, as cryptocurrency markets rallied to start the weekend. The global market cap is trading over 3% higher at the time of writing, as investors continue to buy crypto following the recent banking crisis. Solana was also higher in today’s session. Ethereum Classic (ETC) Ethereum […]
What are the Howey test and its implications for cryptocurrency?
The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.