Binance Transfers $1B from BUSD to Bitcoin and Ether
Binance has announced its intention to convert $1 billion of its Industry Recovery Initiative fund assets into Bitcoin, Ether and BNB.
BUSD Market Cap Falls Below $10B
The market supply of Binance USD (BUSD) has dropped below $10 billion for the first time since June 2021.
Venezuela’s Businesses Switch to USDT Settlements to Avoid US Sanctions
Venezuelan businesses are increasingly turning to digital currencies in order to circumvent US sanctions imposed on the country’s economy.
Nigeria Plans to Restart the eNaira
The Central Bank of Nigeria will try to restart its CBDC project.
TCNH, a Stablecoin Pegged to Offshore Chinese Yuan, listed on Huobi
Singapore, Singapore, 21st February, 2023, Chainwire TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair. Huobi is the first exchange to support TCNH after its launch. Apart from minting directly through TCNH’s official website […]
1.6 Billion USDC Have Been Converted into Cryptocurrencies: Report
The growth of Bitcoin and Ethereum to a certain extent was made possible thanks to the conversion of 1.6 billion USDC into cryptocurrencies since February 10.
Circle Files Complaint with NYDFS Regarding BUSD
Circle filed last year a complaint with the NYDFS regarding the quality of Binance USD stablecoin reserve management.
