Binance USD
Key Points: Paxos Treasury has recorded the destruction of about 419 million BUSD in the past two days. Yesterday, the crypto company complied with NYDFS’s order to cease the issuance…
Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that “Funds are SAFU.”
Binance has endured some $828 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November, surpassing the withdrawal…
The company’s complaint to the New York regulator reportedly came before the SEC’s lawsuit against Paxos over BUSD and NYDFS ordering the firm to “cease minting” the stablecoin.
The news comes hours after the regulator ordered Paxos to stop issuing the Binance USD stablecoin, citing “several unresolved issues related to Paxos’ oversight of its relationship” with Binance over…
Paxos said on Monday it had received a notice from the U.S. Securities and Exchange Commission stating it is considering recommending an action alleging that BUSD is a security and…
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit…
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.
Paxos Trust Company’s administration of Binance’s stablecoin left it open to use by bad actors, the New York Department of Financial Services told Reuters on Monday.
BTC/USD
ETH/USD
USDT/USD
SOL/USD
BNB/USD
XRP/USD
DOGE/USD
USDC/USD
ADA/USD
STETH/USD
TRX/USD
AVAX/USD
TON/USD
WSTETH/USD
SHIB/USD
XLM/USD
WBTC/USD
DOT/USD
LINK/USD
WETH/USD
BCH/USD
SUI/USD
PEPE/USD
NEAR/USD
LEO/USD
LTC/USD
UNI/USD
WEETH/USD
APT/USD
ICP/USD
USDS/USD
HBAR/USD
CRO/USD
ETC/USD
POL/USD
USDE/USD
RENDER/USD
TAO/USD
KAS/USD
FET/USD
ARB/USD
DAI/USD
WBT/USD
FIL/USD
OM/USD
STX/USD
TIA/USD
VET/USD
OKB/USD
BONK/USD