Exchanges News

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

Coins Legend February 27, 2023 0

Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to

Exchanges News

Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement

Coins Legend February 27, 2023 0

PRESS RELEASE. Flynt Finance, a cryptocurrency portfolio management platform, has announced a partnership with Ceffu, formerly known as Binance Custody, to provide its clients with enhanced asset storage security and access to its off-exchange settlement solution, Mirror. Ceffu is an institutional custodian that offers secure custody and liquidity solutions. With this

Exchanges News

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

Coins Legend February 26, 2023 0

Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using

Exchanges News

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

Coins Legend February 25, 2023 0

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme […]

Exchanges News

Binance Looking to Hire Developers, Support Staff in Romania

Coins Legend February 24, 2023 0

Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest

Ethereum Exchanges News

Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base

Coins Legend February 24, 2023 0

The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy […]

Exchanges News

New York Attorney General Sues Crypto Exchange Coinex — Claims Trading Platform Offers Unregistered Securities

Coins Legend February 23, 2023 0

New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The NY attorney general also stressed that Coinex is not registered with the U.S. Securities and Exchange Commission (SEC) even though the platform lets users […]

Bitcoin Exchanges News

Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023

Coins Legend February 22, 2023 0

PRESS RELEASE. With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 7-day growth of 32%. Bitcoin’s price rising over $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the price gains, the trading volume for […]

Exchanges News

Kraken CEO: Regulators Let Bad Guys Get Big and Blow Up to Serve Their Agenda

Coins Legend February 22, 2023 0

The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys operate with huge competitive advantages. They suck up users, revenue, and venture capital that would otherwise have gone to good guys.” Kraken’s CEO Has a […]

Exchanges News

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

Coins Legend February 21, 2023 0

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]