Binance Explains BFUSD Isn’t a Stablecoin Amid Terra-Like Concerns
Binance has addressed concerns swirling around its upcoming “BFUSD” token, emphasizing that it is not a stablecoin nor has it been officially launched. The confusion arose after a Nov. 17 post by crypto news aggregator Zoomerfied on X (formerly Twitter). The post claimed Binance was introducing a stablecoin with an annual yield of 19.55%, sparking […]
Coinbase CEO to Meet Trump for Talks on Personnel Appointments — WSJ
Brian Armstrong, CEO of the cryptocurrency exchange Coinbase, is set to meet with former President Donald Trump as he continues to select key figures for his upcoming administration, particularly for government department leadership roles. As reported by the Wall Street Journal on November 18, the meeting will focus on discussions regarding personnel appointments. While Armstrong […]
Goldman Sachs to spin out crypto platform
Goldman Sachs is reportedly planning to separate its cryptocurrency division and form a new company focused on developing financial products and services within blockchain ecosystems. According to a Bloomberg report on November 18, this move will allow the bank to concentrate on building new blockchain-based financial instruments. The firm is currently in discussions with potential […]
MicroStrategy Acquires $4.6B in Bitcoin Amid Surging Prices
MicroStrategy, renowned as one of the largest institutional holders of Bitcoin, has expanded its Bitcoin portfolio further, even as the cryptocurrency achieved new record prices. On Nov. 18, the company disclosed its acquisition of 51,780 Bitcoin, investing approximately $4.6 billion at an average price of $88,627 per BTC. This purchase has increased MicroStrategy’s total Bitcoin […]