South African firm Altvest adopts Bitcoin strategy and buys first BTC

Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves. In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been stringent enough with its oversight…

The sale left the firm with ​​1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31. 616 Total views 16 Total shares United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for…

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Another major crypto exchange Huobi has announced the listing of four stablecoins at once, according to an official statement Tuesday, October 16.Starting Friday, Oct. 19, the fifth largest crypto exchange by trading volume will start accepting deposits of four USD-backed stablecoins – Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD).The Huobi Global…

Cryptocurrency exchange Bittrex has lowered trading fees for United States-based customers and announced its expansion to euro markets in a blog post published on June 12.The exchange announced the launch of euro markets later this summer, which will enable fiat trading in euros for the first time in its history.Bittrex is also offering lower trading…

The new funding will be put toward expanding FTX US' workforce and introducing new offerings. 107 Total views 12 Total shares Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding.According to Reuters on Wednesday, the American affiliate of FTX closed a $400 million funding round led by SoftBank Group Corp, Temasek…

Understanding open-source protocols Open-source protocols have become a mainstay in the tech world and are gaining traction due to the myriad benefits that they offer over their proprietary counterparts.The protocols are typically created with the intention of being used by the public, enabling anyone to examine, alter and share their code. The benefits of open-source