Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC.

Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC.
The act of mining a valid BTC block solo is so rare that the event has occurred only 270 times out of the 700,000 blocks produced in the last 13 years.
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."
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Discover the causes and mechanisms behind stablecoin depegging.
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January.
The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.
According to insiders, 50% of uninsured deposits will be paid out by next week.
It is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank.
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The depegging of the USDC stablecoin has affected other stablecoins, which in turn wreaked havoc on crypto projects and stakeholders in a massive chain reaction.
The price of GHST was supported by that of DAI stablecoin for over two years.
Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?
"Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker.
Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access.
U.S. district judge, Lewis Kaplan, expressed concern that Bankman-Fried could find ways to evade the restrictions and covertly communicate with others electronically.
The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S.
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