Binance has no intentions to auto-convert Tether
Binance has acknowledged that it does not currently have any intentions to “auto-convert” Tether (USDT) to Binance USD (BUSD), but that this “may change.” Binance shocked the market on September 6 by announcing it would stop supporting USD Coin (USDC), a stablecoin linked to the US dollar, along with USDP Stablecoin (USDP), and TrueUSD on […]
NFT watchdog Rug Pull Finder has its NFT giveaway hacked
Two con artists were able to mint 450 NFTs instead of one per wallet because of misuse of the Rug Pull Finder NFT contract. In an ironic turn of events, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog dedicated to exposing Web3-based fraud, was itself the victim of a smart contract flaw. Two individuals […]
US congressman and crypto skeptic outlines why crypto ban will fail
Sherman said a task force or committee to help and safeguard investors won’t function as long as naïve investors buy meme crypto coins. Congressman from the United States and well-known cryptocurrency critic Brad Sherman has asserted that outright banning cryptocurrencies are not a possibility at this time. The Northridge-area Democrat told the LA Times that […]
FTX halts trades on Arbitrum, Solana, BSC for ETH Merge
FTX decided to halt “deposits and withdrawals until the Merge is accomplished and networks are stable” despite Ethereum developers’ assurances of zero downtime. The Merge, one of the most anticipated Ethereum updates, was supposed to have zero downtime, but members of the cryptocurrency community made the decision to take preventative action to guarantee the security […]
Nigeria, Binance discuss crypto-friendly economic zone
The planned alliance between Nigeria and Binance intends to create a digital city that welcomes cryptocurrency, much like the virtual free zone in Dubai. The government of Nigeria and the cryptocurrency exchange Binance met informally in order to discuss the possibility of creating a special economic zone to support companies involved in the blockchain and […]