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News

The remaining balances of Alan Binance’s BUSD stablecoin will be converted to FDUSD.

by Crypto Oracle November 29, 2023

Following regulatory issues, Binance switches to the FDUSD stablecoin and discontinues support for the BUSD. Photograph from Adobe Stock by Maurice Norman. Leading cryptocurrency exchange Binance declared in a blog post today that it will stop supporting its stablecoin, Binance USD (BUSD),…

Feature

VALR and Luno Lead the Way

by 'Femi Michael November 28, 2023

VALR and Luno are two prominent South African crypto exchanges.The two companies are spearheading digital currency adoption. In recent years, the African continent has been at the forefront of a financial revolution marked by the exponential growth of mobile money. This growth…

Feature Industry

Web3-Backed Chimoney to partners Scrim for Nigerians usage

by 'Femi Michael November 25, 2023

The Scrim app will empower users to send money to anyone in the world using just their email or phone number of Interledger Wallet Address. Chimoney, a global payment solutions provider backed by Techstars and headquartered in Canada, has successfully acquired Scrim,…

Coins Industry

US Criminal Probe of Binance, Possible End of Crypto Boosts

by 'Femi Michael November 21, 2023

The prospect of a resolution of the US criminal investigation into Binance, crypto’s linchpin exchange, led to a bout of cautious optimism in digital-asset markets. Tokens such as Bitcoin and BNB — the coin linked to Changpeng Zhao’s Binance ecosystem — got…

Bitcoin

Bitcoin Price Update and Prediction

by Crypto Oracle November 3, 2023

In today’s financial landscape, Bitcoin remains a dominant force, with its current valuation at $34,668. Within the past 24 hours, the trading volume has surged to a substantial $19 billion, a figure that speaks volumes about the cryptocurrency’s unrelenting activity. Despite a 2.44% decline…

Coins

Spain to implement MiCA in 2025

by 'Femi Michael November 1, 2023

The Spanish Ministry of Economy and Digital Transformation has announced that it will begin implementing MiCA at the national level in December 2025, six months before the July 2026 general deadline for implementing the crypto framework for all 27 member states of…

News

Binance’s Stablecoin BUSD Market Capitalization Slides 90% from Peak – Will it Affect Binance Exchange?

by Crypto Oracle October 26, 2023

Binance USD (BUSD), the stablecoin issued by Paxos for crypto exchange Binance, has seen a decline in market capitalization of more than 90% from its peak last year. According to CoinGecko data, BUSD’s market cap has plummeted from an all-time high of…

News

Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License

by Crypto Oracle October 25, 2023

Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report. The trading platform, known…

News

“US Law Doesn’t Control the World” Binance Argues in CFTC Lawsuit

by Crypto Oracle October 24, 2023

Digital asset exchange Binance says the United States Commodity Futures Trading Commission (CFTC) is attempting to transplant its rules to global markets. In a recent court filing, the largest cryptocurrency exchange by volume argued that the US regulator is trying to monitor foreign…

News

Binance Halts Visa Debit Card Service in Europe Amid Regulatory Concerns

by Crypto Oracle October 23, 2023

Following Visa and Mastercard's termination of partnerships with Binance a couple of months ago, the world's largest cryptocurrency trading platform is now ceasing service of its Visa debit card in the European Economic Area (EEA). On December 20, 2023, Binance will discontinue…