(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 ...
Tag: Stablecoin
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...
Stablecoin outflows into Bitcoin begin to repeat – behaviour change shifting Bitcoin towards $25k
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...
Cardano-Based Djed Stablecoin Attracts Over 30M ADA In the First Week Since Launch ⋆ ZyCrypto
Advertisement     Roughly over a week since launch, the Cardano-based over-collateralized stablecoin Djed has attracted over 30 million ADA tokens as backing. The much...
Is USDC the next Stablecoin to crack under the weight of regulatory pressure?
USDC almost falls victim to the same FUD (fear, uncertainty, and doubt) that recently affected BUSD. We saw an initial surge in USDC volume on the Binance smart chain from around 12 February. Stableco...
USP Stablecoin Losses Dollar Peg Following $8.5 Million Attack On DeFi Protocol Platypus
Join Our Telegram channel to stay up to date on breaking news coverage USP, the stablecoin of DeFi protocol Platypus Finance has lost its peg to the dollar after an $8.5 million flash-loan exploit. ...
Cardano (ADA) Looks to Double Down on Stablecoin Development, Here’s How
Godfrey Benjamin Cardano working groups will bolster new aspect of protocol’s development efforts Input Output Global (IOG), the parent company of the Cardano blockchain network, has unveiled it...
Centrifuge Wants To Back Aave’s GHO Stablecoin With Real-world Assets
Centrifuge — an on-chain ecosystem for structured credit — is looking to become the real-world asset facilitator for Aave’s new stablecoin, GHO. In a governance discussion, Asad Khan, DeFi politician ...
Cardano (ADA) Stablecoin Djed and Shen (SHEN) Added to This Platform as Borrowable Assets
Yuri Molchan Cardano-based stablecoin and its reserve token are expanding their utility The official Twitter handle of COTI Network, the emitter of Djed stablecoin developed on the Cardano chain by IO...
TerraCVita Mulls New LUNC-backed Stablecoin in Response to Binance’s CZ AMA
The development group considers the merits of CZ’s suggestion. Independent Terra Classic development group TerraCVita recently discussed the possibility of creating a new algorithmic stablecoin for th...
Platypus salvages $2.4 million in hacked funds with BlockSec’s help
Published 50 minutes earlier on Published 2 hours and 50 minutes earlier on After the Platypus protocol was hacked yesterday, at least 2.4 million USDC was returned to the exploited platform with help...
U.S. investigation into Do Kwon and his infamous stablecoin unveils several new revelations
The collapse of supposed stablecoin TerraUSD last May wiped out more than $40 billion of market value held by investors who bought into the story that creator Do Hyeong Kwon and his firm Terraform Lab...
Curve Stablecoin in the Works as Proposal Goes to Governance Vote
It is no secret that Curve is planning to launch its own stablecoin. And now, the community governance for Curve Protocol will be voting on whether or not it will enable stablecoin pools t...
Do Kwon, founder of collapsed Terra stablecoin, charged with fraud by U.S. securities regulator
The U.S. Securities and Exchange Commission (SEC) charged Singapore-based Terraform Labs and its chief Kwon Do-hyung with defrauding investors through “a multi-billion dollar crypto asset securities f...
Binance mints almost 50 million TUSD stablecoin; TRU token rises 200%
Ad Binance has made good on its recent promise to support the stablecoin ecosystem. According to a tweet from Whale Alert, on Feb. 16, Binance purchased nearly 50 million, a stablecoin running on the ...
SEC To Sue Firm Behind Failed Terra Stablecoin, Terraform Labs
Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing t...
Tether Tops In Terms Of Stablecoin Market Cap
The Securities and Exchange Commission (SEC) has always been on Crypto crackdown on crypto companies and 2023 crypto crackdown started with Kraken. The SEC charged Kraken for not registering their sal...
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
The United States Securities and Exchange Commission (SEC) plans to sue Paxos for issuing and listing its Binance USD (BUSD) stablecoin, benefitting its top-rival, Tether (USDT), whose market capitali...
Flash loan exploit appears to be behind Platypus USD stablecoin attack
Platypus USD (USP) lost its dollar parity on Thursday following an apparent exploit that allowed a wallet to siphon off about $8.5 million from the token’s liquidity pools, just weeks after Plat...
Changpeng Zhao Makes Stablecoin Prediction Following SEC’s Binance USD (BUSD) Enforcement Action
The CEO of crypto exchange giant Binance says investors may turn to non-US dollar-pegged and algorithmic stablecoins amid regulatory pressure on Binance USD (BUSD). During a Twitter Spaces AMA on Feb....
TrueFi token clocks triple digit gain as Binance mints TUSD stablecoin
DeFi lender TrueFi’s token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin. Binance minted 49.99 million TRU at around 10 a.m. EST today, ...
Tether USDT Stablecoin Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
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Rival Stablecoin Warned NY Financial Watchdog About BUSD
Binance USD might just be in hot water because of rival stablecoin issuer Circle. Circle, the creator of USD Coin, warned the New York State Department of Financial Services (NYDFS) in the autumn of 2...
New York Department of Financial Services orders Paxos to stop BUSD stablecoin creation
Join Our Telegram channel to stay up to date on breaking news coverage Recently, rumors emerged that Paxos Trust, a regulated company that created the Binance USD (BUSD) stablecoin, received a notific...
Waves team under scrutiny after stablecoin dumping allegations
The Waves team allegedly sold a huge chunk of its algorithmic stablecoin, USDN, to cover debts. Has the waves team traded off its stablecoin? In April 2022, a crypto enthusiast tweeted about how the W...
Binance Stablecoin Outflows Top $1B as BUSD Supply Shrinks
Binance USD (BUSD) has given up millions in supply as the Securities and Exchange Commission (SEC) flagged plans to sue the stablecoin’s issuer Paxos as part of its crypto regulation tightening. Paxos...
Stablecoin Markets Pick Winners and Losers Ahead of SEC Paxos Lawsuit
While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those di...
Tether (USDT): stablecoin capitalization +1 bln
The problems faced by the stablecoin Binance USD (BUSD) are benefiting USDT (Tether). Indeed, yesterday USDT’s market capitalization rose from $68.5 billion to $69.5, thus growing by about a billion i...
Stablecoin Issuer Paxos Categorically Disagrees With SEC’s Notice Alleging That Binance USD Is a Security
New York-based crypto company Paxos is pushing back against the idea that stablecoin Binance USD (BUSD) is a security. In a statement released on Monday, Paxos says it received a “Wells Notice” from t...