Month: February 2023

• Binance USD (BUSD) briefly dropped to 20 cents against the DAI stablecoin on Wednesday due to a single $647,000 market sell order. • The plunge was quickly reversed as arbitrage traders could buy it for below $1 on Binance and sell for $1 elsewhere. • BUSD is currently in the middle of a regulatory tussle with the New York Department of Financial Services (NYDFS). FinanceBUSD Stablecoin Temporarily Plunges On Wednesday morning, Binance USD (BUSD), the third-largest stablecoin by market cap, briefly dropped to a low of 20 cents against […]

• South Korea’s Financial Services Commission has provided guidance on how to define security tokens, bringing the country in line with other jurisdictions within Asia. • The onus will now be on firms to self-regulate accordingly. • Traditional securities firms have responded positively and are beginning to join alliances in order to inform investors of the benefits of token securities. South Korea Clarifies Security Token Definition South Korea’s Financial Services Commission (FSC) has provided clarity on how security tokens should be defined, bringing the country in line with other jurisdictions […]

• Uniswap’s version 3 (v3) will be deployed on Boba Network following a favorable community vote. • This move allows Uniswap to expand its userbase and increase the total value locked and transaction volume. • The Boba Foundation has committed $1 million worth of BOBA tokens to foster the adoption of Uniswap v3 on the Boba Network. Uniswap V3 Deployment Approved by Community Vote The community of Uniswap, a decentralized exchange (DEX), has voted overwhelmingly in favor of deploying version 3 (v3) of their platform on Boba Network. This move […]