Ad Binance users are withdrawing their crypto assets following the recent regulatory scrutiny of one of the exchange’s products. In the last 24 hours, the exchange saw outflows of $621 million, accord...
Tag: Binance
problems for the crypto Binance Coin (BNB)
Binance Coin (BNB) is the crypto of Binance It is also the native cryptocurrency of BNB Chain. The latter is a theoretically decentralized blockchain, although Binance’s role in its operation is relev...
$900 million in crypto leaves Binance in a day as Paxos suspends BUSD minting
After the cryptocurrency sector was hit by the news that crypto firm Paxos, the issuer of Binance dollar-pegged stablecoin, was ordered by the regulators to halt the BUSD minting, nearly $1 billion in...
Nearly $1 billion in crypto outflows from Binance in a day as Paxos suspends BUSD minting
After the cryptocurrency sector was hit by the news that crypto firm Paxos, the issuer of Binance dollar-pegged stablecoin, was ordered by the regulators to halt the BUSD minting, nearly $1 billion in...
Paxos and Binance end their partnership for BUSD, halting its minting
Paxos has published a media statement to announce that it will soon halt the minting of BUSD. The development comes after the blockchain and tokenization infrastructure platform announced that it woul...
Binance Coin Dips By 9%; How Long May This Correction Phase Last?
Published 18 hours ago Amid the January 2023 rally, the Binance coin witnessed a V-shaped recovery. The shape of the recovery reflects the speed and strength of the bounce back, and the vertical part ...
Circle Takes on Binance: Regulatory Complaint Filed Over Stablecoin Issuance
The implosion of FTX and Alameda – which has often been described as one of the largest institutional failures in modern American history – has begun a new wave of stablecoin regulatory scrutiny acros...
Binance USD (BUSD) Redemptions Surge to $360M as Investors Panic
Paxos, the issuer of the Binance stablecoin BUSD has announced that it will no longer mint the dollar-pegged asset from Feb. 21. The move came in response to an SEC threat of legal action, accusing th...
Tether Mints 1 Billion USDT Amid Bitcoin (BTC) Price Drop and Binance USD (BUSD) Scandal
Gamza Khanzadaev 1 billion USDT minted by Tether and fear and doubt surrounding Binance USD (BUSD) intensifies As reported by Whale Alert, stablecoin issuer Tether has minted another billion USDT. The...
Paxos To Suspend BUSD Minting And Sever Ties With Binance USD
Join Our Telegram channel to stay up to date on breaking news coverage The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos to stop issuing the dollar-pegged Bina...
What If Court Rules BUSD A Security, Binance CEO CZ Replies
Binance CEO, Changpeng Zhao (CZ) finally broke his silence to present his take on the U.S. SEC’s probe on Paxos in relation to stablecoin Binance USD (BUSD). However, Paxos announced that it will be e...
Paxos to stop minting BUSD stablecoins for Binance
Blockchain infrastructure platform Paxos Trust Company will halt the issuance of new Binance USD (BUSD) stablecoins amid the ongoing probe by New York regulators. Paxos officially announced on Feb. 13...
Binance Coin (BNB) Price Falls on Paxos News
The Binance Coin (BNB) price is correcting after a massive upward movement in Jan. Negative Binance news likely accelerated the drop. Some of the most negative Binance news for a long time hit on Feb....
Circle Warned NYDFS About Binance Reserves Prior to BUSD Crackdown: Report
Circle – the issuer of the world’s second-largest stablecoin, USDC – reportedly warned the New York Department of Financial Services (NYDFS) last Autumn that Binance has been mismanaging its token res...
How This Company “Snitched” On Binance To Get An Advantage
Per a report from Bloomberg, crypto exchange Binance’s recent issues with U.S. regulators were triggered by Circle. The company behind stablecoin USD Coin (USDC) allegedly issued a complaint to the Ne...
Binance to support BUSD while exploring non-USD stablecoins, CZ says
Cryptocurrency exchange Binance plans to continue supporting its Binance USD (BUSD) stablecoin despite its issuer, Paxos Trust Company, facing a stop order from American regulators. As reported by Coi...
Could Binance USD [BUSD] be the next SEC casualty as regulator digs deep into…
Paxos, the BUSD issuer, received a letter from the SEC on allegations of being unregistered security. The investigation could be a detriment on Binance’s part as NYDFS orders a stop to BUSD minting. B...
Breaking: Circle Tipped Off NYDFS About Insufficient Reserves At Binance
– Advertisement – Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens. The USDC issuer warned the NYDFS about Binance not having enough crypto i...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
Paxos Halts BUSD Stablecoin Issuance, Here’s What Binance CEO Has To Say!
In light of the continuing investigation by New York regulators, blockchain infrastructure platform Paxos Trust Company will stop issuing new Binance USD (BUSD) stablecoins. The third-largest stableco...
SEC to Sue Paxos Over Binance USD Token
According to reports by the Wall Street Journal, the SEC is planning to sue the stablecoin issues Paxos over Binance USD. Reports by the Wall Street Journal, indicate the United States Securities and ...
Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security – Altcoins Bitcoin News
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 by the U.S. Sec...
Circle warned regulator about rival Binance stablecoin last year, Bloomberg says
Circle filed a complaint with the New York State Department of Financial Services last year over rival Binance’s “mismanagement of reserves” for its own tokens, Bloomberg News report...
Binance USD Given Fatal Blow by U.S. Regulator
Key Takeaways Paxos will stop minting new BUSD tokens starting February 21. The decision came following new instructions from the NYDFS. The SEC is also reportedly planning on suing the company. Share...
Paxos reportedly ordered to stop issuing Binance USD
The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin. The New York regulator’s actions ...
Upgrade That Could Guarantee Resumption of Binance LUNC Burns Goes Live
Terra Classic v1.0.5 upgrade goes live. The Terra Classic network has successfully upgraded to v1.0.5. Popular community influencer and network Validator Classy took to Twitter to disclose this on Sun...
Paxos ordered to cease minting Binance stablecoin by New York regulator
Chad Cascarilla, CEO of Paxos. Adam Jeffery | CNBC Cryptocurrency firm Paxos will cease issuing new Binance USD, or BUSD, stablecoins under the direction of New York state’s financial regulator,...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...
SEC to Sue Paxos for Issuing Binance USD Coin
Join Our Telegram channel to stay up to date on breaking news coverage The U.S. Securities and Exchange Commission plans to take legal action against cryptocurrency company Paxos Trust Co. for violati...
Here’s When Paxos Will Stop Minting Binance USD (BUSD)
The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21. Despite this, the firm said it has a “strong corpora...
SEC to pursue Paxos for Binance USD stablecoin issuance
SEC has begun legal plans to sue Paxos for issuing and listing Binance USD, a well-known stablecoin in the crypto ecosystem. The financial watchdog argues that the firm’s token issuance violates inves...