March 6, 2023

2 Minutes

CEX Crypto News

Binance is minimizing its need for stablecoins as BUSD prohibition

adeel010 March 6, 2023 0 Comment

After the Securities and Exchange Commission of the United States (SEC) took regulatory action against its native stablecoin, BUSD, Binance turned to a new group of stablecoins. BUSD is allegedly in violation of US...

2 Minutes

CEX Crypto News

CZ condemns the “widely” circulated lie on WeChat in China

adeel010 March 6, 2023 0 Comment

Changpeng “CZ” Zhao, CEO of Binance, has refuted a rumour that “spread extensively” across a Chinese messaging platform that claimed he had been “shot” by a federal law enforcement agency in the United States....

2 Minutes

Crypto News Defi (DEx)

PancakeSwap will initiate V3 on BSC and burned $27M on CAKE.

adeel010 March 6, 2023 0 Comment

According to devs, the third version (V3) of PancakeSwap, a well-known multichain decentralised exchange (DEX), will be released in the first week of April. PancakeSwap, like other DEXs, uses smart contracts to let users...

3 Minutes

Crypto News

Tether criticizes Wall Street Journal over “stale allegations” of faked bank account papers.

adeel010 March 6, 2023 0 Comment

The organization that created the stablecoin Tether has refuted a Wall Street Journal story that claimed it had connections to organizations that falsified documents and used front companies to keep access to the banking...

2 Minutes

Crypto News

Pakistani banks agree to creation of KYC system based on blockchain

adeel010 March 6, 2023 0 Comment

A platform for Know Your Customer (KYC) on the blockchain has been approved for development by the Pakistan Banks’ Association (PBA), a group of 31 traditional banks functioning in Pakistan. The Daily Times reported...