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Senate Banking Committee to Host Hearing on Stablecoins Regulation

Amid growing scrutiny on stablecoins, regulators have become determined to carve out guidelines distinguishing stablecoins legislation from that of other cryptos. In the latest update, the US Senate Banking Committee has declared the timeline for upcoming hearing on Stablecoins regulation, dated December 14, 2021, i.e., coming Tuesday. The hearing is titled – “Stablecoins: How do they work, how…

Breaking: Binance Singapore to Reportedly Withdraw its Permit Application

After being on the regulator’s waitlist of crypto exchanges that are yet to get approval in Singapore to legally provide crypto services, Binance may just quit its former hub, and move on to expanding its business in other territories. According to Business Times insider reports, Binance has hinted at withdrawing its application with the Monetary Authority of Singapore (MAS), in lieu of the…

Defi Hack: BXH Protocol Becomes Latest Defi Victim on BSC, Loses $130 Million

The list of Defi protocols getting hacked continues to grow especially on Binance Smart Chain (BSC) as another decentralized transaction protocol BXH informed earlier today about the hack. The official twitter hadle of the protocol revealed that the attack was limited to BSC and assets on Ethereum, OEC and HECO were safe. We are sorry to announce that BXH was attacked on #BinanceChain. Other…

CAKE Price Analysis: Pancake Swap (CAKE) All Set for A Breakout to Upside

The Pancake Swap DEX on the Binance Smart Chain recently announced the execution of its scheduled token burn via its Twitter handle on 12 October. Its scheduled CAKE burn function results in a token burn of more than 7million CAKE tokens valued at around 132 million USD. The recent Pancake DEX token burn, though significant for CAKE HODLERs fell 21 million USD short of the August burn, which was…

Is Binance seeking HQ in Dubai? These clues suggest so

After it failed to acquire regulatory approval in Singapore, World’s largest crypto exchange platform, Binance CEO, Changpeng Zhao was spotted in Dubai, attending a meeting with the authorities. The Chinese Journalist, Colin Wu tweeted today, that many exchanges including China’s largest exchange, Huobi have been approaching Dubai to set up shop. Following Wu Blockchain’s lead, it can be…

FTX (FTT) Price Analysis: Here’s Why FTT Token Price May Go Parabolic in Next Few Months

Centralized and Decentralized Exchange tokens such as Binance BNB, Uniswap UNI, and Sushiswap SUSHI dominate the asset category. However, many traders and investors have been longing to know if the FTT token of the FTX exchange can create an upset in the crypto derivatives exchange category. Although the BNB and UNI token set the pace for market cap, the FTT token as a fast, up-and-coming crypto…

FTT Price Analysis: FTX Token Price Soars by 20% Last Week, Is FTT the Next BNB?

FTT price has risen over 20% the last week FTT Price has formed an ascending channel over the last week FTT price s being held up by the 50MA Is FTX the Next BNB? FTX Token (FTT) is the backbone of the FTX ecosystem. FTX exchange has been rapidly growing over the last year along with its native token, FTT. FTT has experienced an immense amount of gains throughout the year as prices continue to…

Binance Announces Fixed Crypto Investment Program With Visa & Mastercard

Binance announced the launch of its new feature of a fixed investment function. This investment program facilitates a systematic crypto investment service for retail traders, by allowing the purchase of a fixed amount of cryptocurrency within a set time interval. Binance users can pre-order cryptocurrency purchases through their respective VISA and MasterCard. However, the fixed investment…