A Binance Stablecoin Wasn’t Always Fully Backed: Bloomberg
The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed.
Read MoreCrypto.com Delists Tether’s USDT Stablecoin for Canadian Users
The move comes after the Canadian Securities Administrators committed to stronger oversight over crypto exchanges following FTX’s collapse.
Read MoreArt Blocks Friendship Bracelet NFT Collection Takes Top Spot on OpenSea
The collection was free to mint for holders of existing Art Blocks NFTs until the claim period ended on Tuesday, sending its value soaring on the secondary market.
Read MoreEthereum Software Firm ConsenSys to Cut Upwards of 100 Staff as Crypto Bear Market Takes Another Casualty
The news comes the same day crypto exchange Coinbase said it was cutting almost 20% of its workforce.
Read MorePoor Bitcoin Market Liquidity Keeps Crypto Whales at Bay
Poor liquidity means large buy and sell orders can significantly impact the cryptocurrency’s price.
Read MoreBonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There’s a Catch
A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned.
Read MoreBernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering
Altcoins such as solana and lido have gained more than 20% as investors betting on a decline covered their positions, the report said.
Read MoreCoinbase Cuts Around 20% of Workforce as Crypto Winter Rages
Crypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end
Read MoreBitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech
“There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial
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