Crypto news

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The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21.  Despite this, the firm said it has a “strong corporate balance sheet” and vowed to continue servicing new and existing clients. Ending the Relationship With Binance As directed by the New York State Department of Financial Services (NYDFS), Paxos will halt minting new BUSD tokens next week (February 21). However, the entity will...

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Craig Wright – the Australian computer scientist who has long claimed to be Satoshi Nakamoto – is taking a lot of flak for implementing a new feature into his BSV (bitcoin SV) token. The Vision of Satoshi Nakamoto Is Arriving in an Odd Place The new feature is known as a “blacklist manager,” and it’s a software tool that allows users and investors to take back coins from thieves should their assets be stolen. At the heart of the matter is something that appears to be...

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The hacker who exploited Solana’s cross-chain bridge Wormhole a year ago has moved another $61 million in ether (ETH) of the stolen funds. Blockchain security firm PeckShield disclosed Sunday that the exploiter moved some of the assets to the Ethereum-based decentralized protocol MakerDAO. Wormhole Attacker Moves Stolen Funds Again Recall that Wormhole Bridge was exploited in February 2022 after a vulnerability on the platform enabled an attacker to mint wrapped ETH (wETH)...