The United States Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao. The lawsuit alleges that Binance and Zhao operated an "illegal" exchange and a "sham" compliance program, which the regulator cl ...
In a recent interview, Sam Bankman-Fried, the CEO of popular cryptocurrency exchange FTX, confirmed that the exchange is working on launching its own stablecoin. This would follow the example set by other exchanges, such as Binance, who have already launched their own stablecoins. Bankman-Fried also ...
ECB chief Christine Lagarde has expressed similar views on the topic, believing Bitcoin to be a highly speculative asset with no future. However, during Tuesday's discussion, Lagarde suggested that central banks risk becoming irrelevant if they don't pursue development on CBDCs. Lagarde's remarks ...
Binance, the world's largest cryptocurrency exchange, has announced that it will automatically convert users' holdings of USD Coin (USDC) and other stablecoins into its own Binance USD (BUSD) stablecoin. This change will affect both existing balances of stablecoins on the exchange and new deposits o ...
