All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said.
Headline
Month: February 2023
SEC lawsuit against Paxos over BUSD baffles crypto community
Members of the community were confused and argued that people buying the stablecoin are not expecting it to go up in value.
UAE central bank to issue CBDC as part of its financial transformation program
The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments.
Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet
Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move.
MetaMask issues scam alert as Namecheap hacker sends unauthorized emails
Web hosting company Namecheap detected the misuse of one of its third-party services for sending some unauthorized emails, which directly targeted MetaMask users.
OneKey says it’s fixed the flaw that got its hardware wallet hacked in 1 second
Unciphered posted a video showing a “Massive critical vulnerability” in the OneKey Mini. The creators noted it’s been patched and are now working on further […]
Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO
If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
Breaking: Paxos facing SEC lawsuit over Binance USD — Report
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security.
Blockchain tech still far from hitting the esport big leagues, says investor
Smaller-scale esports organizations have started using blockchain tech for distributing prize pools, but the tech is yet to be adopted by the big tournament organizers.
Coinbase will ‘happily defend’ staking in U.S. courts, says CEO
Coinbase executives claim that staking is not a security under the US Securities Act or Howey test.