Category: News

News – a section of current interesting news from the world of cryptocurrencies, mining.Crazy-Mining.org – A resource about cryptocurrencies, mining, as well as blockchain and decentralized technologies.

Binance crypto exchange will stop support of USDC, PaxDollar, TrueUSD

Cryptocurrency exchange Binance will end support for USDC stabelcoin and forcibly convert it to its own Binance_USD (#BUSD). On September 29, Binance will forcibly convert user assets from USD Coin to Binance USD. The same will happen with two smaller stabelcoins, PaxDollar and TrueUSD, which are also forcibly converted to the exchange’s Coin. This not only promises inconvenience to users, but major problems for Circle Internet Financial, which is the issuer of USDC and was planning to go for an IPO. After such actions, Binance may take the leading place in the market of stabelcoins and make its subordinate Binance USD the largest in terms of capitalization.

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The event that could change Bitcoin and cryptocurrencies forever

There was a time when cryptocurrency was just one cryptocurrency called Bitcoin. Around that time, the former Magic: The Gathering Online exchange, which was quickly forgotten about, was converted into a bitcoin exchange called Mt. Gox. A few months later, after a change in management, Mt.Gox was processing more than 20,000 transactions a day while bitcoin was trading at $1 – just imagine being invested in crypto at the time, geez. Despite some hacking attacks, the exchange continued to grow in value at an impressive rate. At one point, according to Miles Deutscher, 70% of bitcoin transactions were made on that exchange. Nothing but impressive. For context, at the time, the only cryptocurrencies in existence besides Bitcoin were Litecoin and Namecoin, so a huge percentage of crypto transactions were taking place on Mt.Gox. However, in June 2011, the situation changed for the worse.

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FBV Calls For Measures To Track Bitcoin Transactions

The FBI, the Secret Service and representatives from leading security and technology firms are calling for aggressive measures to track Bitcoin transactions. Government and industry have teamed up to tackle a significant increase in ransomware, and a newly formed task force on these incidents has called for new measures to more actively track bitcoin and […]

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Crypto exchange FTX opens trading in Apple, Tesla, Facebook and Amazon shares

The FTX cryptocurrency exchange today announced the launch of trading in tokenized shares of the world’s largest companies, including Apple, Tesla, Facebook and Amazon. The service was implemented in cooperation with the German financial firm CM-Equity AG and the Swiss Digital Assets AG (DAAG). CM-Equity provides all the necessary licenses, and DAAG specializes in tokenizing […]

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