BUSD: A case study for stablecoin compliance and security

BUSD: A case study for stablecoin compliance and security

Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like gold or silver, or even another cryptocurrency. As their name suggests, stablecoins are designed to have a value that stays

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Russian State Hermitage raises $440K via Binance NFT auction

Russian State Hermitage raises $440K via Binance NFT auction

Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs.The Russian State Hermitage Museum, the largest museum in the world, has finished its first auction on the NFT platform by Binance — the world’s largest crypto exchange — selling five tokenized collectibles depicting masterpieces from artists like Leonardo da Vinci

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London court orders Binance to trace hackers behind $2.6M Fetch.ai attack

London court orders Binance to trace hackers behind $2.6M Fetch.ai attack

Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack.According to a Friday Reuters report, the Royal Courts of Justice in London has ordered Binance to identify the hackers and seize the stolen assets. Fetch.ai reportedly claimed that hackers stole $2.6 million worth of cryptocurrency from its Binance account on June 6 and resold the tokens for a significantly reduced price.”We need

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Brad Garlinghouse's lawyers file request for Binance documents in 'international' challenge to SEC lawsuit

Brad Garlinghouse's lawyers file request for Binance documents in 'international' challenge to SEC lawsuit

The lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, now involves major crypto exchange Binance after a recent filing on behalf of Ripple CEO Brad Garlinghouse.According to court documents filed in the Southern District of New York on Monday, Garlinghouse’s legal team has requested documents “relevant to the case and unobtainable through other means” from Binance Holdings Limited, the Cayman Islands-based subsidiary of the major cryptocurrency exchange. The filing cited

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FXT token taps into Binance Smart Chain following ERC-20 success

FXT token taps into Binance Smart Chain following ERC-20 success

Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January.The new token, which is built on Binance Smart Chain, is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor. In addition to increasing the altcoin’s overall performance in efficiency and utility, FXT intends to list its token across several crypto exchanges to make it globally available.Given

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