Amid Regulatory Pressure, Paxos Burns $700 Million Worth of BUSD
The $700 million redemption of the BUSD stablecoin in just 27 hours represents 6% of the total coins in circulation.
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The $700 million redemption of the BUSD stablecoin in just 27 hours represents 6% of the total coins in circulation.
The capabilities of the Pantos protocol are being stretched and tested with this testnet and the team has promised the best of security to power the smooth operations of the protocol.
The voting process on Modhaus saw a total of approximately 57,340 COMO tokens committed to the democratic process.
Although Coca-Cola saw its Q4 2022 revenue rise, the company suffered a decline in demand for other products from higher prices.
New York-based banking powerhouse Morgan Stanley opines that a drop in stablecoin issuance is a negative sign for crypto trading.
A US court has excluded FTX Turkish units from the company’s bankruptcy case after a request from the exchange’s representatives.
The Alphabet Inc Chairman revealed that the company is treading carefully in addressing toxic responses or content from Bard.
Earlier this month, Ford reported mixed earnings results for Q4 2022, performing below analysts’ expectations.
Civil proceedings from CFTC and the SEC will now have to wait.
Tron DAO has committed $100 million to AI Service Payment Platform, AI Infused Oracles, AI Informed Investment Management Services, and AI-generated Content.
Facebook parent Meta is resorting to a new round of layoffs as part of its “year of efficiency” agenda, as it plans to cut costs in 2023.
Twilio announced new layoffs, the second in a few months, to better position itself and maximize its product and service potential.
Galaxy Bahamas Ltd. will physically operate from the Bahamas and initially serve as an extension of the company’s trading platform.
It has also become known that Magic Eden is laying off twenty-two employees from its workforce as part of a company-wide restructuring process.
The feature was first introduced in September 2022. First, it will be available in the US, with the release in the coming weeks, and only for YPP participants. In 2023, the geography will expand.