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Binance is carrying out a phased termination of BUSD-related services. BUSD withdrawals via various blockchain networks were suspended last month. Binance is currently locked in a legal battle with the US Securities and Exchange Commission (SEC). In a significant development within the cryptocurrency exchange sphere, Binance has officially announced the discontinuation of borrowing and lending services for its native stablecoin, Binance USD (BUSD). The move is part of a phased termination of BUSD-related services, culminating in a complete cessation expected by February 2024. Shutting down BUSD lending  As per the announcement made on October 3, 2023, Binance is set to shut down BUSD borrowing and lending services by October 25, 2023. The exchange will close all outstanding BUSD loan and collateral positions by the end of the month. Users who have been utilizing BUSD for lending purposes will now have to explore alternative stablecoins, such as Tet...

Join Our Telegram channel to stay up to date on breaking news coverage Fujitsu, one of the biggest tech giants in Japan, has recently revealed its intention to get into crypto trading and potentially even offer crypto brokerage services. The revelation came from the trademark application that the company recently filed with the US Patent and Trademark Office. Apart from offering brokerage services for digital assets, Fujitsu apparently intends to offer other financial facilities, some of which involve cryptocurrencies, while others might not. The company filed its trademark application with the intention to register a new mark consisting of the stylized word FUJITSU, which also Features a sideways S-shaped swirl placed above the letters J and I. Fujitsu's trademark application for cryptocurrency brokerage services is a positive sign for the cryptocurrency industry, as it demonstrates that more traditional companies are recognizing the potential of cryptocurrencies and ...