Salaam and welcome to the 21st edition of Al-Khwarizmi Weekly, Kurdcoin’s premier crypto and blockchain newsletter. Delivering the freshest news and insights from the crypto world in under 5 minutes, we are proud to be Iraq’s first crypto and finance newsletter, available in both English and Kurdish at the moment, and soon in Arabic as well. Join our growing community of 1,200 LinkedIn subscribers and stay ahead in the fast-paced world of cryptocurrency with us. Let’s dive into this week’s latest updates!

Market Snapshot

In a week marked by Binance’s settlement and U.S. exit, crypto markets held steady with an optimistic outlook. Bitcoin exhibited modest fluctuations, stabilizing above $37,000. Dogecoin and Solana recorded gains of 10% and 5%, respectively, while other major coins maintained consistent opening and closing prices for the week. Gaining attention, TerraClassicUSD surged 300%, defying its prior ‘dead’ status, while Terra Classic and IOTA increased 59% and 31%. The Fear and Greed Index, indicating investor sentiment, stays in ‘Greed,’ reflecting continued trader confidence, possibly spurred by expectations of Bitcoin spot ETF approvals and the approaching Bitcoin halving in April 2024.

Binance Headlines

Binance Discontinues Support for its own BUSD Stablecoin

Binance will end support for the BUSD stablecoin on December 15, with withdrawals ceasing on December 31. After this date, any remaining BUSD will be converted to FDUSD, issued by FD121 Ltd. The move follows regulatory pressures, including a directive to Paxos to stop issuing BUSD and a lawsuit by the CFTC against Binance for regulatory violations.

Binance Discontinues Support for its own BUSD Stablecoin

Binance will end support for the BUSD stablecoin on December 15, with withdrawals ceasing on December 31. After this date, any remaining BUSD will be converted to FDUSD, issued by FD121 Ltd. The move follows regulatory pressures, including a directive to Paxos to stop issuing BUSD and a lawsuit by the CFTC against Binance for regulatory violations.

Binance Discontinues Support for its own BUSD Stablecoin

Binance will end support for the BUSD stablecoin on December 15, with withdrawals ceasing on December 31. After this date, any remaining BUSD will be converted to FDUSD, issued by FD121 Ltd. The move follows regulatory pressures, including a directive to Paxos to stop issuing BUSD and a lawsuit by the CFTC against Binance for regulatory violations.

Market Snapshot

In a week marked by Binance’s settlement and U.S. exit, crypto markets held steady with an optimistic outlook. Bitcoin exhibited modest fluctuations, stabilizing above $37,000. Dogecoin and Solana recorded gains of 10% and 5%, respectively, while other major coins maintained consistent opening and closing prices for the week.

Gaining attention, TerraClassicUSD surged 300%, defying its prior ‘dead’ status, while Terra Classic and IOTA increased 59% and 31%. The Fear and Greed Index, indicating investor sentiment, stays in ‘Greed,’ reflecting continued trader confidence, possibly spurred by expectations of Bitcoin spot ETF approvals and the approaching Bitcoin halving in April 2024.

Other Headlines

Binance Discontinues Support for its own BUSD Stablecoin

Binance will end support for the BUSD stablecoin on December 15, with withdrawals ceasing on December 31. After this date, any remaining BUSD will be converted to FDUSD, issued by FD121 Ltd. The move follows regulatory pressures, including a directive to Paxos to stop issuing BUSD and a lawsuit by the CFTC against Binance for regulatory violations.

Binance Discontinues Support for its own BUSD Stablecoin

Binance will end support for the BUSD stablecoin on December 15, with withdrawals ceasing on December 31. After this date, any remaining BUSD will be converted to FDUSD, issued by FD121 Ltd. The move follows regulatory pressures, including a directive to Paxos to stop issuing BUSD and a lawsuit by the CFTC against Binance for regulatory violations.

Binance Discontinues Support for its own BUSD Stablecoin

Binance will end support for the BUSD stablecoin on December 15, with withdrawals ceasing on December 31. After this date, any remaining BUSD will be converted to FDUSD, issued by FD121 Ltd. The move follows regulatory pressures, including a directive to Paxos to stop issuing BUSD and a lawsuit by the CFTC against Binance for regulatory violations.