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Tag: USD
Coinbase Weighs In on SEC Banning Binance USD (BUSD), Says Stablecoins Are Not Securities
Top US crypto exchange Coinbase is weighing in on the regulatory uncertainty swirling around stablecoins this week. The issue is getting attention because New York-based crypto company Paxos said on M...
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...
Binance USD (BUSD) Stabilizes at $1 After CEO Clarifies Connection to Paxos-Issued Token
The Binance USD (BUSD), the third-largest stablecoin by market cap, is returning to its intended $1 peg after Binance CEO Changpeng Zhao commented on the crypto exchange’s connection to the popular Pa...
US SEC allegedly notified Paxos of an upcoming lawsuit tied to Binance USD (BUSD)
Join Our Telegram channel to stay up to date on breaking news coverage The US SEC has made a series of drastic moves targeting the crypto sector. First, it announced that unregistered staking is no lo...
Crypto Whales and Sharks Unload More Than $200,000,000 in Binance USD in Past Day Amid Regulatory Uncertainty: Santiment
Crypto whale and shark addresses unloaded more than $200 million worth of Binance USD (BUSD) in a single day amid the regulatory uncertainty swirling around the stablecoin, according to the analytics ...
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...
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...
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 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 ...
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...
Robert Kiyosaki Expects Bitcoin to Hit $500,000 as USD Falls
Robert Kiyosaki has warned again that a market crash is incoming. He cited the Fed’s money printing as the primary reason. Kiyosaki predicts BTC will hit $500,000 by 2025. The famous author of the bes...
R. Kiyosaki warns ‘giant crash coming’, says Bitcoin to reach $500k by 2025 due to USD mistrust
Robert Kiyosaki, author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has made some bleak predictions about the economic outlook, as he praised gold, silver, and Bitcoin (BTC) as alte...
Paxos will no longer issue Binance USD stablecoin
The New York Department of Financial Services (NYDFS) ordered crypto infrastructure firm Paxos to stop issuing the stablecoin Binance USD (BUSD), a Binance spokesperson told The Block. “Pa...
Stablecoin Issuer Paxos Faces SEC Wrath Over Binance USD
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD. The WSJ report stated that the financial regulat...
SEC to File Lawsuit Against Paxos for Issuing Binance USD
17 mins ago | 2 mins read Exchange News As per reports, the SEC sent out a letter to Paxos. According to the SEC, BUSD is an unregistered security. The U.S. Securities and Exchange Commission (SEC) in...
Paxos facing SEC lawsuit over Binance USD — Report
The United States Securities and Exchange Commission (SEC) has reportedly told stablecoin issuer Paxos Trust Co. it’s planning to sue the firm for violation of investor protection laws in relati...
Fei USD (FEI) Price Prediction: Is $1 Possible Or A Further Decline Ahead?
Join Our Telegram channel to stay up to date on breaking news coverage Fei USD price fluctuates today as the general crypto market records a pullback. The global crypto market capitalization is now $9...
Binance is suspending USD deposits and withdrawals for international users
Join Our Telegram channel to stay up to date on breaking news coverage Binance, the world’s leading cryptocurrency, announced recently that it will suspend USD deposits and withdrawals, without really...
Binance Suspends USD Transfers As Banks Withdraw Support
Binance has announced a minor, temporary suspension for USD (U.S. Dollar) transfers on its exchange platform. The suspension will begin tomorrow, February 8th, 2023. Citing the withdrawal of support f...
Binance to Temporarily Suspend USD Transfers
Binance will temporarily suspend USD bank deposits and withdrawals on Wednesday, Feb. 8, 2023, a spokesperson said. The spokesperson for the largest exchange said that the suspension will only affect ...
Binance Announces Temporary Suspension of USD Bank Transfers
Binance – the world’s largest crypto exchange – announced on Monday that it will pause all deposits and withdrawals in USD from bank accounts starting February 8. The company said it will work to res...
Binance to Suspend USD Deposits and Withdrawals
Reports suggest that the suspension will likely last for a few weeks. Binance is planning to suspend US dollar (USD) deposits and withdrawals on its platform, according to Twitter-based prominent fina...
Binance will temporarily halt USD bank transfers
Binance will suspend USD bank transfers as soon as this week The platform made the statement days after its banking partner put a limit on the USD transfer amount Binance, the world’s largest crypto e...
Binance to temporarily suspend USD transfers on Feb. 8
Binance said Monday that it would temporarily halt U.S. dollar transfers on Feb. 8, a move the company claims would only affect a “small proportion” of its users. “It is worth noting...
Terra Classic USD (USTC) Rallies After CZ’s Comment
The asset’s recent momentum is in direct contrast to the dominant downtrend witnessed within the broader crypto market. TerraClassicUSD (USTC) is currently bucking the overall market, as it is current...