Crypto exchange Binance has made its stablecoin, Binance USD (BUSD), available on Avalanche and Polygon. The token had so far been available on Ethereum and BNB Chain. Each unit of BUSD is backed by one U.S. dollar, making it a fiat-backed stablecoin, according to Binance and the stablecoin’s issuer Paxos, according to Binance. Traders and crypto users often transact with…
The American state of Colorado now accepts cryptocurrency for tax payments, Gov. Jared Polis announced on Monday. The option is already available on the state Department of Revenue website. Colorado tax payments are accepted through the PayPal Cryptocurrency Hub with service fees of $1.00 plus 1.83% of the payment amount. Payments are accepted only from personal accounts in a…
Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors. Nasdaq Establishes Crypto Unit Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the launch of a new business called “Nasdaq Digital…
On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance announced that they would provide up to $300 million worth of secured debt financing to public and private bitcoin mining firms. Qualified entities meeting treasury management and power strategies management standards located throughout North America, as well as those in Australia, can apply for funding. On the…
press release PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works. What is NFT? (Non-Fungible Token) A non-fungible token is a financial security consisting of digital data stored…
The People’s Bank of China, or PBoC, will reportedly expand deployment of its central bank digital currency, the e-CNY, to four of the country’s provinces, including Guangdong. According to a Tuesday report from the South China Morning Post, PBoC deputy governor Fan Yifei said at an event in Suzhou that the bank would be rolling out e-CNY trials in the…
According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today. Microstrategy Acquires More Bitcoin at an Average…
For all the hype around the metaverse, it is easy to forget it is still in its infancy. While the term has only recently entered the broad public consciousness, its impact on how we interact with technology is already expected to be deeply consequential. McKinsey & Company estimates that annual global spending within the metaverse could reach $5 trillion by…
The popular stock trading app Robinhood listed Circle’s USD Coin (USDC) earlier today, the first stablecoin available to retail traders on its platform. Robinhood first opened the door to trading crypto on its platform in 2018. Over time, it’s been steadily adding tokens. As of this writing, there are currently 17 different cryptocurrencies users can trade using Robinhood’s app with…
Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token stayed close to a one-month high in today’s session, despite current market turbulence. Stellar was also in the green, nearing a four-week peak. Apecoin (APE) Apecoin (APE) was one of Tuesday’s big movers, with the token climbing by as much as…
