The Canadian Securities Administrators (CSA) has recently published a set of new requirements for cryptocurrency companies, specifically targeting stablecoin trading platforms. Stablecoins are digital assets that are designed to maintain a stable value and are backed by a reserve asset. They are used by cryptocurrency investors and traders as a way to store value without […]
The US dollar received a boost after the Federal Reserve released the minutes from its January 31–February 1 meeting. During the meeting, the central bank raised its benchmark rate by 25 basis points to 4.50–4.75% in an effort to bring inflation back to the bank’s 2% target. The minutes showed that the central bank will […]
FTX Japan, the Japanese arm of the bankrupt cryptocurrency exchange FTX, has restarted withdrawals of customer assets. The withdrawal process is being facilitated through the Liquid Japan web platform, and customers will be required to confirm their asset balance and transfer them to their Liquid Japan account. 「法定通貨の出金および暗号資産の出庫のサービス再開のご案内」を掲載致しました。こちらをご確認ください。https://t.co/Vu5jDnBBb3 — FTX Japan (@FTX_JP) February 20, 2023 […]
The USD/JPY currency pair has shown signs of recovery after selling off in late 2022. In the afternoon of the New York session, USD/JPY rallied more than 0.5%, reaching 134.90, just below the crucial psychological level of 135.00. The DXY index also advanced moderately, maintaining six-week highs. The rally was supported by risk-off sentiment and […]
Terraform Labs is facing significant legal trouble in both South Korea and the United States. In South Korea, the company is being investigated for fraud, embezzlement, and money laundering in connection with its failed algorithmic stablecoin, TerraUSD. The stablecoin was once the third-largest by market capitalization and was backed by the LUNA token, which also […]
Shiba Inu, the popular dog meme-inspired token, has continued to gain popularity, recording more than 1.3 million unique addresses on its network in the last week. Data retrieved from CoinMarketCap revealed that the total number of unique addresses that hold assets in the network stood at 1,305,553 on February 16. This marks an increase of […]
The EUR/USD pair recently witnessed a fall as the euro weakened against the US dollar, causing a stir in the markets. The euro’s fall has come amid concerns about the possible overtightening of ECB policy as well as the divergence in economic performance between the Eurozone and the US. The US has been recovering from […]
The USD/JPY pair has been moving higher since the middle of January, as traders brace for any change or degree of monetary policy from Japan’s new central bank chief. With the current governor’s tenure set to end on April 8, the new BoJ chief, Kazuo Ueda, will be faced with a tough set of problems. […]
Binance USD (BUSD) stablecoin is facing a decrease in market capitalization as more users migrate to Tether’s USDT. This came as the New York Department of Financial Services ordered Paxos Trust Co., the issuer of BUSD, to stop creating more of Binance’s dollar-pegged stablecoin. Binance’s CEO, Changpeng “CZ” Zhao, tweeted that users are already migrating […]
