Coinbase to suspend trading of Binance USD (BUSD)
Coinbase, a leading U.S. crypto exchange, announced that it would suspend the trading of Binance USD (BUSD). The decision comes right when the U.S. Securities and Exchanges Commission (SEC) labeled…
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.
Coinbase to halt trading of Binance’s BUSD for not meeting listing standards
The crypto exchange said the decision was based on its most recent review of the stablecoin.
Coinbase To Suspend Binance USD $BUSD Trading By Mar. 13
Coinbase said BUSD does not meet listing standards shortly after Paxos was ordered to stop minting the Binance-branded stablecoin.
Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes
This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance’s claim that they were 100% backed.
Fed’s Preferred Inflation Gauge Runs Hot; Outlook for Bitcoin Futures on CME
The January PCE Price Index – the Fed’s favored inflation indicator – unexpectedly rose to 5.4%. Separately, three-month bitcoin futures listed on the CME, which is widely considered a proxy…
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28.
NEM jumps to a 42 week high – reasons unknown
NEM posted an 86% upswing on the daily candle to hit a price of $0.0772 — a level not seen since May 2022.
Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular…
Is the SEC’s action against BUSD more about Binance than stablecoins?
The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.
