The Aave community is seriously discussing a plan to freeze the BUSD reserve on the Aave V2 market in light of Paxos' choice to cease minting BUSD.
Circle, a major stablecoin provider, has allegedly lodged a grievance with the financial regulatory body in New York, claiming that Binance has mishandled its reserves of digital tokens.
In response to Vitalik Buterin's recommendations for enhancing the visibility of proof-of-reserves systems, Binance launched the update.
The process of eliminating a specified number of tokens from circulation on a permanent basis is referred to as burning cryptocurrency.
The accomplishment is yet another step toward the Shanghai upgrade, which is still planned for March.
The executive, who had his own conflicts with the US securities regulator, suggested that individuals take a time to collect themselves.
The French Financial Markets Authority has granted Bitstamp, one of the first bitcoin exchanges, authorization. As a result, it joined other rivals like Binance and Crypto.com who had already given the go-ahead by the authority.
The Indian exchange assured its customers that their funds were kept in multi-signature wallets that complied with the industry's highest standards.
When a USD coin is deposited, it creates a smart contract that is equivalent to one US Dollar, making it a stable cryptocurrency.
Recently, Binance, a top cryptocurrency exchange, has brought back lower limits for withdrawing TRON on its platform.
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