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UK Court Recognizes USDT as ‘Distinct Form of Property’

[Sep 15 11:15 PM] A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible…

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

[Mar 13, 2023 11:30 AM] On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant…