The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance. Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin...Continue Reading

Modern technologies that don’t rely on electricity include solar calculators, mechanical watches, bicycle-powered generators and more. While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this...Continue Reading

13% of the survey respondents mentioned that they are buying NFTs hoping to resell them in the future. According to metaverse platform, Metajuice, almost three out of four of the nonfungible token (NFT) collectors on its platform purchase NFTs for status, uniqueness and aesthetics. While current NFT sales are not as high as during the...Continue Reading

Trezor wants to respond quickly to demand-triggering events like the FTX collapse by taking control of wallet chip production. Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips. Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own...Continue Reading

A group of major Japanese technology companies including Fujitsu Ltd. and Mitsubishi Corporation came together in a new agreement to help advance the country’s metaverse sector. Interest in the metaverse is accelerating at a global rate, with countries all over the world joining in the rush to get involved. In Japan, a country often associated...Continue Reading

BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value $700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit. Details remain scarce after...Continue Reading

A community member argued that outages are putting decentralized finance protocols running on Solana at risk of insolvency. As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin.  On Feb. 25, the Solana network faced performance...Continue Reading

Alchemy Pay has partnered with a local fintech in Indonesia to offer low-cost remittances for crypto users. Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with local fintech firm Berkah Digital Pembayaran. Announcing the news on Feb. 27, Alchemy Pay noted that Bank...Continue Reading

Bitcoin price action is on a knife edge as analysis hopes that the monthly close can echo a positive end to the week. Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the...Continue Reading

Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder. Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is...Continue Reading