Binance, the cryptocurrency exchange with a billion-dollar insurance fund (SAFU), has announced a significant change: all assets in the fund will now be converted into USDC stablecoins. Binance recently made an unexpected decision to transfer all the funds, approximately $1 billion, from its emergency insurance fund (SAFU) into Circle’s stablecoin, USD Coin (USDC). The motivation … Read more
Bitnovo, a well-recognized European player in the payment gateway industry, has been granted permission to conduct business in the Netherlands. In simpler terms, the Dutch financial regulatory body, De Nederlandsche Bank (DNB), has approved licensing for Bitnovo to function within their Virtual Assets Providers registry. Aitor Ibarrola, COO of Bitnovo, shared that securing this authorization … Read more
QCP Capital, a cryptocurrency trading company based in Singapore, has formed a strategic partnership with Further Ventures to expand its presence and increase investments in the Middle Eastern market. QCP Capital, a cryptocurrency trading firm based in Asia, announced a new collaboration with Further Ventures, an investment company supported by Luna and Mastercard. This partnership … Read more
Yuga Labs, the business responsible for creating Bored Ape Yacht Club (BAYC), has given up the ownership of two of its games, HV-MTL and Legends of the Mara, in accordance with their strategic direction to concentrate on other projects. April 17 saw Yuga Labs revealing that Faraway, a gaming company, acquired the rights with Spencer … Read more
Binance, the largest global cryptocurrency exchange, intends to return to India after paying a fine of $2 million, according to the Economic Times report. The South Asian branch of the exchange is undergoing significant changes to secure complete registration with India’s Financial Intelligence Unit (FIU). This regulatory body oversees digital asset trading within the country. … Read more