Cryptocurrency Analysis and News Portal
Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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The action effectively removes the world's second biggest stablecoin USDC, with a market cap of nearly $52 billion (compared to USDT's $67.5 billion) as a tradeable asset on Binance's platform. The move is also a blow to Circle Internet Financial, the issuer of USDC. Source
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The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market. UST is a USD-pegged stablecoin that was launched in September 2020. Its minting mechanism requires a user to burn a reserve asset such as LUNA to mint an
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Today, we will talk about one of the most important things you should be thinking about and researching right now: crypto and the blockchain – and specifically, yield farming. Now, why do you think that this is so important? Cryptocurrency is going to forever change the way that we interact
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In what seems like an ongoing streak towards market penetration, prominent crypto exchange FTX has launched support for BSC BEP20 tokens within its wallet services. While no official announcement was made, FTX CEO Sam Bankman-Fried confirmed the development by saying:“ftx.com/wallet now supports BSC for BUSD and BNB! (Withdrawals are live
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Paxos, a leading stablecoin issuer has released a thorough breakdown of its stablecoin reserves. Paxos Determined to Prove Stablecoin Reserves In a detailed blog post published yesterday, Paxos, the company in charge of the PAX and BUSD stablecoins shared details about the breakdown of its stablecoin reserves. Data from CoinGecko hints BUSD
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Those users who will pay with the BUSD stablecoin will get a 25% discount on BitTorrent or μTorrent Classic Pro membership.BitTorrent, the world’s most popular torrent client, has announced support for Binance’s USD-backed stablecoin BUSD. It means that users of BitTorrent and μTorrent can now pay using the NYDFS-regulated asset,
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Over the course of the past few weeks, the global cryptocurrency community bore witness to two major announcements related to stablecoins — with the first being the launch of Paxos’s gold-backed Ethereum token, PAX Gold (PAXG), and the other being the release of Binance’s cryptocoin backed by the United
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Binance’s new dollar-backed stablecoin, BUSD, created in partnership with the Paxos Trust Company, will be made available for trading on the cryptocurrency exchange as of Sept. 16. Announced on Thursday at CoinDesk’s Invest: Asia conference, Paxos co-founder Rich Teo
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Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS)Binance USD available later this monthIn a press release shared with CryptoX on Sept. 5,
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