Despite planning to halt BUSD trading by next month, Coinbase said users would have complete access to their Binance stable coin funds. San Francisco-based cryptocurrency exchange Coinbase has announc...
Tag: BUSD
Coinbase to suspend trading of Binance USD (BUSD)
Coinbase will suspend trading services to Binance starting mid-March The exchange stated that the decision comes after evaluating whether the stablecoin meets their listing standards Coinbase, a leadi...
Coinbase (COIN) Will Halt BUSD Trading, Here’s When
Per a report from crypto news outlet The Block, crypto exchange Coinbase will halt trading operations with the Binance-branded stablecoin, BUSD. The digital asset has been heavily scrutinized followin...
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown – Bitcoin News
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Fina...
Coinbase announces suspension of BUSD trading beginning March 13
Coinbase will suspend trading for the Binance USD (BUSD) stablecoin on March 13, the exchange announced on Feb. 27 on Twitter. The message mentioned its “listing standards” as being behind the decisio...
Coinbase Releases Major Update, Says Binance USD (BUSD) Stablecoin Set for Delisting – Here’s When
The largest US-based crypto exchange by trading volume has released a major update involving the embattled stablecoin project Binance USD (BUSD). According to a new announcement, Coinbase says they wi...
Coinbase To Suspend Binance USD $BUSD Trading By Mar. 13
– Advertisement – Summary: Coinbase said that the Binance-branded stablecoin BUSD does not meet the listing standards on the major crypto exchange. BUSD trading will be suspended on March ...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Is the SEC’s action against BUSD more about Binance than stablecoins?
Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT...
BUSD has seen 12 billion withdrawn from exchanges in 3 months, USDT, BTC have been net beneficiaries
Quick Take The outflows for BUSD continue, which sees a balance on exchanges of less than 10 billion. The balance on exchange was as high as 22 billion on exchanges in November 2022 — a trend expected...
USDC and BUSD in trouble with SEC’s pressure
The US Securities and Exchange Commission (SEC) issued a Wells notice to the BUSD issuer Paxos earlier this month. Since the Binance CEO, Changpeng Zhao (CZ), broke the news, the second and third-larg...
Over $2B BUSD burnt in the last seven days
Ad Binance USD’s (BUSD) supply shrank by 18.2% — roughly $2.27 billion — over the last seven days to $10.84 billion, according to CryptoSlate’s data. The massive redemptions have seen the stablecoin d...
SEC Triggers Billion-dollar ‘Bank Run’ on Binance’s BUSD
It has been a rough ride for Binance-owned stablecoin BUSD since Paxos received a Wells notice from the SEC. In a company email last week, Paxos noted that since its decision to halt minting the crypt...
Stablecoin Dominance At 9-Month Low After SEC Targets Binance Dollar
Stablecoin dominance has been declining all year, but recent threats by the SEC might have pushed it lower. The metric, which tracks how much of crypto’s total market value is stablecoins, has dropped...
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance – Altcoins Bitcoin News
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of th...
Billions of BUSD Stablecoin Being Burned Amid Regulatory Crackdown
4 hours ago | 2 mins read Editors News Earlier Paxos burned more than $700 million of BUSD tokens. Binance intends to move an astounding 2 billion BUSD stablecoin to a dead wallet. As per the crypto w...
BUSD burn and its Ethereum connection: All you need to know
On 22 February, Binance burned $2 billion worth of BUSD. BUSD went a bit over its peg after the burn as its reserve on Binance continued to reduce. Issues with the Securities and Exchange Commission h...
Stablecoin Tether gains market cap from BUSD
CryptoCompare’s new report highlights the performance of stablecoins in February, in particular the stablecoin BUSD, which suffered an 18% decline in market cap, and Tether (USDT), which benefited fro...
Binance to burn $2B idle BUSD on Feb. 22
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implicatio...
Paxos in Constructive Discussions with SEC on BUSD Long-Term Prosperity, Cuts Ties with Binance
Paxos has facilitated the redemptions of about $2.8B in BUSD since halting new mints on February 21. Paxos Trust Company, a New York-based financial institution and technology company specializing in ...
BUSD fell to $0.20 on Binance after trader sold $600K
Listen to this article. Liquidity on crypto exchange Binance evaporated on Wednesday morning as its stablecoin, BUSD, dropped to a low of $0.20 against the DAI stablecoin. A single sell order of $647,...
USDC On Binance Increases Post BUSD News; Crypto Analyst Impressed
Martin Lee reports major USDC growth on Binance. USDC has grown by 1.5 billion in the last 7 days on the leading crypto exchange. Lee shares an image highlighting the growth of the coin across exchang...
Paxos in ‘Constructive Talks’ With SEC Following Enforcement Action on Binance USD (BUSD): Report
New York-based crypto company Paxos Trust Company is in “constructive talks” with the U.S. Securities and Exchange Commission (SEC) following enforcement actions surrounding stablecoin Binance USD (BU...
Paxos in ‘constructive discussions with the SEC,’ ends relationship with Binance
Stablecoin issuer Paxos told employees it’s in “constructive discussions” with the U.S. Securities and Exchange Commission (SEC) after getting a Wells notice about the Binance USD st...
The SEC’s Stablecoin Crackdown Could Reshape The Entire Crypto Market
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways The SEC has ordered Paxos to stop trading its stablecoin, BUSD and may issue charges against the blockchain ...
Paxos Discusses BUSD Stablecoin With SEC Following Wells
According to recent reports, the stablecoin issuer Paxos was reportedly engaging in conversations with the United States Securities and Exchange Commission (SEC) on the Binance USD (BUSD) stablecoin a...
Reserve is working to update RSV basket without BUSD
Reserve Protocol has announced that it will officially revise the RSV basket without BUSD. Until now, the basket was backed by USDC and BUSD collectively; however, the revision would lead to the backi...
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days – Altcoins Bitcoin News
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the m...
Paxos Says It’s Prepared to Challenge the SEC Over BUSD Security Claims ⋆ ZyCrypto
Advertisement     Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U.S. Securities and Exchange Commission over its...