Author: Thomas Seattle

In mid-February, the NYDFS brought down the hammer on BUSD issuance – a significant blow to Paxos and Binance’s partnership. With their stablecoin project as one of its major initiatives, many question whether this decision could be fatal for Binance in the long run. As they face what may become an irreversible situation, will their business prevail? Binance’s Stablecoin BUSD Declined Sharply The current order to suspend the issuance of Paxos’ BUSD stablecoin has been a cause of alarm throughout the crypto world. Understandably, many are anxious about what this could mean for the market and its prominent player: Binance.…

Cryptocurrency has grown in popularity over the past few years, with new coins and tokens popping up daily. One of the latest entrants to the market is the Volt Inu V2 Token. In this article, we will discuss everything you need to know about the Volt Inu V2 Token, including its price, market statistics, and long-term prospects of its price. What Is Volt Inu V2 Token? The Volt Inu V2 Token is a decentralized finance (DeFi) cryptocurrency built on the Ethereum blockchain. It is a deflationary token, meaning its total supply decreases over time. This is achieved through a 2%…

https://youtu.be/XYErmtFBNT0 The Polygon blockchain has not processed a new block for more than an hour, which has led to rumors that the network might be down. Does this mean a security breach? What do the experts think about it? Why Has The Activity On The Network Stopped? According to Polygonscan statistics, the Polygon blockchain has not processed any new transaction for more than an hour. No official statement has been issued on this issue yet. The Polygon Layer 2 solution has not processed a new block for more than an hour. This led to rumors of a network outage. According…

At first, Meta, the project’s most well-known supporter, reduced its employment by more than 10% in November, only for word of more reductions to surface today. Microsoft later drastically reduced its VR personnel. More than 200 individuals were let off in the last week by Pico, the VR division of TikTok’s parent firm ByteDance. Chinese juggernaut Tencent completely gave up on its VR headset aspirations. The creation of the metaverse is a costly endeavor that involves everything from building a more robust computer and networking infrastructure to the devilishly difficult task of developing hardware. That indicates that because of the challenging…

Some token projects are gaining more and more importance around the world. These projects are of great importance, especially in these days when transaction volume is increasing and cryptocurrency prices are rising. There is no doubt that there is an active trend towards token projects around the world. The main reason for this interest lies in the features and opportunities offered by the project in general. So, what can be said about the Kylin project KYL that has recently come on the agenda? It would not be wrong to summarize it as follows: What Is The Kylin Project? Basically, Kylin…

https://youtu.be/6pf57mEm_L4 With this in mind, the NYDFS (New York State Department of Financial Services) regulator has announced that it will halt the production of stablecoins. The status of stablecoins has long been controversial in the United States. In particular, the distribution of a single currency through dozens of different stablecoins has proven undesirable from the beginning. This Could be the Beginning of NYDFS Sanctions! The US regulator has asked Binance to stop stablecoin production. Although it can be explained as in the text, it should not be forgotten that this situation is actually an “order” worth its weight in gold. This…

This week, the leading cryptocurrencies experienced widespread losses as investors shared concerns that the Federal Reserve would continue to raise interest rates in 2023 following its rate hike throughout 2022. This tension has also been reflected in the NFT world, with famous names and organizations of this community sharing their insight via Twitter. Here are those statements. Avenged Sevenfold Ends Partnership with OpenSea On Monday, M Shadows, the frontman for Avenged Sevenfold, voiced his displeasure with OpenSea on Twitter after it discontinued its practice of giving creators a 5-10% cut on the future resale of their work. He stated: “In…

Decentralized finance experienced a sharp decline, especially in 2022, and the situation was expected to deteriorate much further. But from 2023, the cryptocurrency markets started to recover.  In the meantime, DeFi remains under scrutiny and has its own problems. Hardliners argue that there should be extensive collateral requirements that lead to a reduction in capital efficiency.  They also cite rising interest rates, which have reduced demand for blockchain returns in the overall economy and damaged the reputation of the cryptocurrency sector in general, as reasons that hurt investment. What Are The Advantages Of Cryptocurrency Blockchain Loans And Bonds? To understand…

Launched in 2017 by Charles Hoskinson, co-founder of Ethereum, Cardano is a proof-of-stake (PoS) platform. In 2021 it added support for smart contracts and enabled the development of decentralized finance (DeFi) apps and nonfungible tokens (NFTs). By 2022 NFT trading was available on its blockchain, with ADA being used to purchase or sell them. Cardano’s deployment of smart contracts has allowed for the development of NFT marketplaces, including CNFT.IO and Jpg.store, providing a simplified platform on which creators can thrive with low-cost transaction fees. These platforms are proving popular among those looking to engage in both trading and creating projects…

Yesterday, Alchemy Pay announced an exciting collaboration with Google Pay – allowing Android users to purchase cryptocurrency directly from their credit card. Unsurprisingly, the ACH token experienced a significant surge in the value of 59% within just 24 hours! This innovative partnership is set to revolutionize how we buy digital currencies and could have big implications for the future. Alchemy Pay is Partnership with Google Pay Simplifies Cryptocurrency Trading with Smartphones On Monday, February 20th, Alchemy Pay made a significant partnership with the renowned Google Pay. Now Android smartphone users can simply buy cryptocurrencies using their conventional currency (such as…