Author: Crypto Insider

Decentralized and traditional finance can thrive in tandem to fund renewable energy and other pressing needs, but only with clear standards and rules – Michael Casey, CoinDesk chief content officer, shared his opinion with International Monetary Fund (IMF). The cryptocurrency industry is in the throes of a crypto winter. Tokens like bitcoin and Ethereum’s ether…

Crypto exchange Binance, the issuer of the world’s 3rd-largest stablecoin, BUSD, said it will convert customers’ holdings in rival stablecoins USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) on September 29 to “enhance liquidity and capital-efficiency for users.” Meantime, Binance has no plans to “auto-convert” Tether (USDT) to…

Poolin, one of the world’s major crypto mining pools, has suspended Bitcoin and Ether withdrawals citing “liquidity problems.” Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles. “As you may have known, Poolin Wallet is currently facing some liquidity…

Renault Korea Motors, the South Korean subsidiary of French automaker Renault SA, announced on Sept. 5 it will be working with metaverse gaming company The Sandbox for Web3 services. The companies will offer customers new ways to experience cars in the metaverse and support marketing collaborations. “This partnership is an excellent example of a collaboration…

British Financial Conduct Authority (FCA) stated cryptocurrency exchanges must play their part in ensuring sanctions are complied with. According to updated guidance from the Treasury’s Office of Financial Sanctions Implementation (OFSI), the agency ordered crypto exchanges to report sanction breaches in the UK. The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated on…

Breaking crypto news from the last week (Aug. 27 –Sept. 2, 2022): Aug. 27: Forbes’s new analysis of 157 crypto exchanges reveals that 51% of the daily Bitcoin trading volume is likely fake. “Wash trading” also benefits exchanges, allowing them to appear to have more volume than they actually do and encouraging more legitimate trading….