Binance Switches To TUSD From BUSD’s Free Bitcoin Trading
On March 22, Binance announced that it would switch its zero-fee Bitcoin (BTC) trading from Binance USD (BUSD) to TrueUSD (TUSD). Binance exchange staid in a statement dated March 15 that the zero maker fee for BUSD would also apply to its pair with other assets like BNB and Ethereum. It further stated that typical […]
OpenSea safeguards customers from unintended purchases
Opensea is putting new safeguards in place to guard customers against unwittingly purchasing undesired things. In SeaPort 1.4, OpenSea included a new feature that allows users to verify an item’s current status before accepting an offer. These precautions have been created especially to deal with situations in which a requested item was initially believed to […]
Meta Cuts 10k More Workers After Scrapping NFT Plans
Meta is focusing on investing in the metaverse and artificial intelligence while cutting costs in order to strengthen its economic model. Mark Zuckerberg, the CEO and founder of Meta, made the announcement of the job cuts on March 14. He cited the need for the company to improve its technology and financial performance in light […]
FDIC plans to hold second auction for Silicon Valley Bank
After failing to find a bidder the first time, FDIC is planning to try again to auction off the assets of the defunct Silicon Valley Bank. According to the Wall Street Journal, which cited unnamed sources, the FDIC advised Senate Republicans that the agency had more latitude to sell SVB’s assets once regulators declared the […]
US prosecutors probing collapse of Silicon Valley Bank
According to rumors, the SEC & DOJ are also looking into insider stock sales that took place just days before the Silicon Valley bank failed. The failure of Silicon Valley Bank is reportedly the subject of an inquiry by the Justice Department and the US Securities and Exchange Commission. SVB Under Fire From SEC, DOJ […]