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Binance admitted to "mistakes" with Binance-peg BUSD

Binance admitted to "mistakes" with Binance-peg BUSD

ChainArgos revealed that the Binance-peg BUSD stabelcoin had insufficient collateral between 2020 and 2021. The crypto-exchange explained the situation. It said the discrepancies were due to "shortcomings" in the team. Binance also noted that many teams were involved in issuing and maintaining the peg, including Paxos Trust. "The process was

Cryptosat sent a second cryptosatellite into space

Cryptosat sent a second cryptosatellite into space

Cryptosat launched with a SpaceX rocket the second crypto-satellite, which is no bigger than a coffee mug. The device stores databases for blockchain applications, products and services. "Even if you bury your computer in the mountains, you still need an Internet cable. And to run it, you need power. You

BMW plans to integrate blockchain

BMW plans to integrate blockchain

German car manufacturer BMW has shared plans to implement blockchain technology. There will be two stages, first the integration into the daily work of the company and then the development of a loyalty program for users. The company has attracted the blockchain infrastructure of Coinweb and BNB Chain to implement

China will launch a national NFT-marketplace

China will launch a national NFT-marketplace

On January 1, 2023, China will launch the first national NFT-marketplace. It will be regulated by three organizations: China Technology Exchange, Art Exhibitions China and Huban Digital. The marketplace will be built on the state-controlled China Cultural Protection Chain blockchain.

NFT sales down more than 90%, - Independent

NFT sales down more than 90%, - Independent

The decline in sales occurred against the background of the crypto-zine. While at the "peak" between August and November of last year, NFT sales often exceeded $200,000 a day, now they barely reach $19,000. Previously, the hype surrounding NFT was fueled by the interest of stars such as

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

The share of mining in the structure of energy consumption in Russia has exceeded 2%, which is more than the consumption of agriculture - Interfax

The share of mining in the structure of energy consumption in Russia has exceeded 2%, which is more than the consumption of agriculture - Interfax

The "miners" of digital currencies account for more than 2% of the total amount of electricity consumed in Russia, it is more than agriculture, so the market should be "whitened" and regulated, said Deputy Head of the Ministry of Industry and Trade Vasily Shpak. He recalled that the mining of

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of

Insiders earned $1.7 million on listings

Insiders earned $1.7 million on listings

The Wall Street Journal released a report from Argus in which analysts studied the transactions of several addresses. The study found facts that could indicate insider trading. The research shows that wallets were buying tokens before they were listed and selling them immediately afterwards. In total, Argus found 46 addresses

Validators support the Terra fork

Validators support the Terra fork

As of this writing, Terra validators, support Do Kwon's plan to fork the network. According to the vote, about 80% voted yes. The vote will last another five days. It is noteworthy that a few days before, in the comments to Do Kwon's proposal, the community arranged their own poll,