As Hong Kong has been opening up to crypto, major financial institutions such as DBS Group are targeting new crypto services in the Chinese territory.

All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company until at least February 2024, Paxos said.

Binance CEO Changpeng “CZ” Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators.

Members of the community were confused and argued that people buying the stablecoin were not expecting it to go up in value.

Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move.

Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move.

Bitcoin price action is making history this week, but for all the wrong reasons, as the 2022 bear market still haunts the charts.

The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments.

A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap.

Web hosting company Namecheap detected the misuse of one of its third-party services for sending some unauthorized emails, which directly targeted MetaMask users.