ZKasino, the emerging on-chain casino, recently announced its official mainnet launch. Players can now access the betting platform on Polygon using USDC and BNB Chain using BUSD. The platform has rele...
Tag: BUSD
BUSD faces depegging scare: What’s going on, Binance?
BUSD under FUD because of reports showing insufficient backing. Until the time of writing, the stablecoin was able to maintain its peg. The stablecoin of trading platform Binance [BUSD] is in the spo...
Binance Says There Were Flaws In Maintaining BUSD Peg
Binance’s BUSD stablecoin is currently one of the largest in the crypto sector, but there have been concerns about the stability of the asset, especially with the collapse of the Terra UST stablecoin....
Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021
Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanageme...
Is Binance’s BUSD the Reason Behind the Recent Altcoin Pump? Here’s What Happened
The biggest cryptocurrency exchange in the world, Binance, made a significant effort last year to elevate its own stablecoin, BUSD, above that of competitors. However, 2022 wasn’t the best year for st...
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues – Altcoins Bitcoin News
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply h...
Binance’s stablecoin BUSD hasn’t always been 1:1 backed, report
Binance has previously undercollateralized its stablecoin, BUSD, on its own blockchain, according to on-chain data revealing that the wallet backing the BUSD bridged from Ethereum’s blockchain onto Bi...
Binance’s BUSD Mass Burn on Paxos
32 mins ago | 2 mins read Altcoin News Binance USD is now $1.00, down 0.05% in the last 24 hours. BUSD is based on the Ethereum blockchain and supports the BEP-2 standard of the Binance Chain. The wor...
BUSD worth $6.2B withdrawn from exchanges in 30 days
In the last 30 days, $6.2 billion worth of BinanceUSD (BUSD) was withdrawn from exchanges, according to Glassnode data as analyzed by CryptoSlate. The chart below represents the exchange net position ...
Zero USDT, USDC, BUSD, and TUSD Printed in December 2022: Analysis
Stablecoins have continued to play a very critical role in the crypto economy. The ongoing bear market also demonstrated that dollar-pegged coins like USDT and USDC witnessed a parabolic growth in mar...
Binance Adds Pegged BUSD Stablecoin to TRON Network: Details
Top crypto exchange Binance has completed the integration of Binance-Peg BUSD on the TRON network. Deposits and withdrawals for Binance-Peg BUSD are now open on the TRON network. 📢@binance has complet...
Binance-Peg BUSD Now Available on Justin Sun’s TRON Network
Top crypto exchange Binance has recently announced that the integration of Binance-Peg BUSD on the TRON network has been successfully executed. The TRON network is currently accepting both deposits an...
Binance-Peg BUSD Stablecoin Now Supports the TRON Network
10 seconds ago | 2 mins read Exchange News The BNB Chain, Avalanche, Polygon, and TRON networks are now all compatible. Users may now send BUSD and Binance-Peg BUSD through the TRON network. The Binan...
Paxos releases fresh statement on BUSD stablecoin
Paxos announced on its official Twitter account on Dec.28 that it is the sole issuer of BUSD. The token is controlled by the organization, and it is regulated by the New York State Department of Finan...
Is XRP Eyeing Top 3 Spot After Overtaking BUSD In Market Cap?
In an interesting development, data obtained from crypto market tracker CoinMarketCap, shows that the XRP token from Ripple has surpassed the giant Binance’s BUSD stablecoin; to clinch the sixth spot ...
Binance Market Share Bounces Back, BNB Price Consolidating
After a tumultuous few weeks in the wake of FTX’s collapse and an unexpected surge in withdrawals, Binance has recovered its market share. The largest crypto exchange is back to holding about 80...
BUSD balance on exchanges down $6B over 30 days
Around $6 billion worth of Binance USD (BUSD) was withdrawn from exchanges in the past 30 days, according to CryptoSlate’s analysis of Glassnode data. BUSD exchange balance The orange line in the char...
Binance Stablecoin BUSD Isn’t Fully Regulated, Concerns Ahead
(Stablecoin) Binance-Peg BUSD is a Binance product but is not issued by Paxos nor regulated by the New York State Department of Financial Services. Only ERC20 BUSD is issued by Paxos and regulated in ...
Ethereum co-founder and Tron creator Justin Sun moves $150m BUSD to Tron
Justin Sun — the creator of Tron (TRX) and one of Ethereum’s (ETH) co-founders — moved $150 million in Binance USD (BUSD) from Ethereum to Tron. On-chain data provided by Arkham Intelligence show that...
Justin Sun Withdraws $100M BUSD From Binance Exchange
CZ said that the transaction was part of the company’s plan to use cross-chain swaps. Later Justin Sun deposited $100 million USDC into Binance. On Wednesday, Justin Sun, founder of the Tron, withdrew...
Will the BUSD Upon Paxos Survive?
BUSD gets regulated by the NYDFS for Ethereum (ETH) through Paxos. BUSD complies fully with the regulations of NYDFS. Speculations arise on the trustworthiness of BUSD. Apart from just having a nati...
Tron Founder Justin Sun Withdraws 100M BUSD From Binance, FUD Ending?
Tron founder Justin Sun on Wednesday withdrew 100 million BUSD stablecoins from crypto exchange Binance. The 100 million BUSD withdrawn was then moved to the Paxos Treasury. Binance CEO CZ on Tuesday ...
Binance Converts All USDc to bUSD Paxos Confirms – Trustnodes
The stablecoin wars appear to have began with a most interesting revelation coming out of the Proof of Keys test of Binance, which is still sort of on-going. Austin Campbell, the Head of Portfolio Man...
Osmosis To Add Stablecoin Liquidity to Cosmos
The largest decentralized cryptocurrency exchange (DEX) on the Cosmos interchain will soon have its very own version of the Curve 3pool. Osmosis will be starting up pools to facilitate stablecoi...
Oryen Network may outrun stable coins like BUSD and USDC soon
As the widespread adoption of cryptocurrency tokens soars, other strong contenders using different technologies are making their way into the crypto ring. One of the most notable crypto projects today...
Earn BUSD and ORY with Oryen Network, one of the Top Staking Tokens Alongside Curve and Compound
Advertisement     Staking is one of DeFi’s most intriguing features. An increasing number of tokens now include staking as an option to meet the expanding consumer bas...
Coinbase vs Binance – USDC, USDT or BUSD?
Coinbase has waived conversion fees to try and induce customers to switch from USDT to USDC. Meanwhile, Binance has delisted USDC trading pairs and is pushing its own BUSD stablecoin. Stablecoin wars ...
BNB and BUSD sway holders with proof of reserves
Advertisement     Cryptocurrency can be very beneficial for holders as it can potentially give them high yields due to its volatility and decentralized nature. In addi...
Circle To Stay Private for Now as Rivals Gain Market Share
As Circle reevaluates its plans to go public, USD Coin has been quietly losing stablecoin market share to competitors Tether and Binance USD over the past six months. Circle currently holds about 31%...
Binance CEO “CZ” Adds Another $1B In BUSD To Industry Recovery Initiative
Binance CEO Changpeng “CZ” Zhao on Friday said the crypto exchange Binance has allocated another $1 billion in BUSD to the Industry Recovery Initiative (IRI). The move comes after several people in th...
FTX attacker continues swapping tokens; exchanges $7.95M BNB for BUSD, ETH
The attackers who drained $600 million from the now-bankrupt exchange FTX, swapped nearly 30,000 BNB tokens for Ethereum (ETH) and Binance USD (BUSD) on Nov. 17. in three transactions, data from Bscsc...
Binance to Remove Trading Pairs for FTX Token—Except With Stablecoin BUSD
Binance is shutting down a slew of trading pairs and contracts featuring FTT, except for one involving its own stablecoin, the crypto exchange announced today. FTT is the native utility token for the ...