In a significant development, Binance revealed that it will no longer be supporting its BUSD stablecoin. Binance will remove BUSD from both spot and margin trading pairings in a staggered manner, encouraging users to move their BUSD holdings to other assets. The exchange made a calculated decision with this choice, forcing consumers to adjust to […]
Data from Kaiko, a crypto analytics platform, now shows that a fairly new stablecoin, FDUSD, is proving tough competition for USDT, USDC, and others, looking at its rising dominance in centralized exchanges, mostly Binance. According to Kaiko, FDUSD now has a market share of 16%, more than twice that of USDC, across all centralized exchanges when […]
In the wake of FTX’s collapse, the crypto industry was plunged. Prices plummeted, investors scrambled to cut their losses, and startup funding evaporated. Amid the chaos, the spotlight turned to Changpeng Zhao, the founder of Binance, as the last remaining tycoon in the crypto world after the swift fall of Sam Bankman-Fried. With a grand […]