2023-2-17 17:10 |
Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets. origin »
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Binance is moving closer to discontinuing its BUSD stablecoin, converting eligible users' BUSD token balances to FDUSD, marking a shift in its stablecoin strategy. The post Binance Inches Closer to Discontinuing BUSD Stablecoin appeared first on BeInCrypto.
2024-1-5 16:45 | |
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Stablecoin transaction volumes have declined nearly 20% in a week as BUSD leads a decline in interest. The post BUSD Drives 19% Slump in Stablecoin Transfer Volumes appeared first on BeInCrypto.
2023-4-24 15:00 | |
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Binance CEO Changpeng Zhao (CZ) said the “landscape is shifting,’ concerning stablecoin movements triggered by recent regulatory pressures. The post CZ: ‘Landscape is shifting,’ following 15% drop in BUSD market cap appeared first on CryptoSlate.
2023-2-17 13:10 | |
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Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”
2023-2-17 05:22 | |
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The Cosmos (ATOM/USD) price broke down from a rising channel this week as cryptocurrencies reacted to the regulatory crackdown on stablecoins, particularly orders against Paxos to cease issuing the Binance USD (BUSD) stablecoin.
2023-2-16 22:47 | |
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Get inside scoop on this whole case and learn why you should not panic
2023-2-16 03:00 | |
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Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD.
2023-2-15 00:45 | |
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The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.
2023-2-14 00:14 | |
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Circle flagged concerns about Binance's mismanagement of reserves months before New York regulators intervened, according to a Bloomberg report. The move highlights the battle between the two firms for dominance in the high-stakes stablecoin market.
2023-2-14 23:45 | |
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Binance Coin price fell amid news around Paxos and its stablecoin BUSD BNB traded to lows of $284, extending intraday declines from highs of $321 as uncertainty engulfed the stablecoin. Paxos, which issues and handles BUSD redemptions, announced it had halted its relationship with Binance.
2023-2-14 21:49 | |
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An account named @frxresearch recently proposed that the cryptocurrency exchange Binance develop its own decentralized stablecoin, similar to DAI.
2023-2-14 21:40 | |
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Binance Coin (BNB), created and issued by the exchange Binance has suffered a massive drop in its price action. The crash follows an investigation from the U. S. Securities and Exchange Commission (SEC) against crypto firm Paxos, which supports Binance stablecoin’s BUSD.
2023-2-14 21:02 | |
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Paxos has been ordered to discontinue Binance USD, the third largest stablecoin in the crypto market. The End of BUSD Stablecoin issuer Paxos has landed in regulator crosshairs. The crypto...
2023-2-14 20:06 | |
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In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos for selling Binance USD (BUSD) as an unregistered security.
2023-2-13 18:44 | |
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Members of the Aave community are examining whether to freeze BUSD on the platform and the stablecoin's issuer, Paxos, was sued by the SEC today.
2023-2-13 17:44 | |
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Marcus Sotiriou, a market analyst at UK-listed digital asset firm GlobalBlock, says the SEC is just starting in its crackdown on crypto. The analyst said this in a note to clients on Monday following regulatory moves against crypto firm Paxos and the stablecoin BUSD.
2023-2-13 16:44 | |
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Binance CZ says to review projects in wake of BUSD news
2023-2-13 16:24 | |
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Tether (USDT) trading volumes are up by over 35% less than 12 hours after Paxos, the issuer of BUSD, a competing stablecoin, was directed to stop minting new coins.
2023-2-13 15:48 | |
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Paxos has also halted the minting of new BUSD tokens as ordered. Existing BUSD will however remain fully-backed and redeemable via Paxos until at least February 2024 Binance CEO says exchange will continue to support BUSD Paxos, the blockchain and tokenization platform that also issues the stablecoin Binance USD (BUSD), has announced it is terminating […] The post Paxos terminates relationship with Binance as it halts BUSD issuance appeared first on CoinJournal.
2023-2-13 15:35 | |
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Traders seem to be migrating from Paxos' BUSD stablecoin to tether.
2023-2-13 14:54 | |
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Paxos, the issuer of BUSD, has been reportedly told to stop issuing the stablecoin.
2023-2-13 14:35 | |
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Paxos ends relationship with Binance for BUSD stablecoin. BUSD continues to be fully supported & backed 1:1 with US dollar reserves. Customers can redeem funds in USD or convert to Pax Dollar (USDP).
2023-2-13 14:31 | |
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It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security.
2023-2-13 14:26 | |
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The NYDFS has ordered Paxos Trust Co. to stop issuing BUSD stablecoin. This comes after the SEC issued Paxos with a wells notice on the same. The SEC alleges Binance USD is an unregistered security.
2023-2-13 12:46 | |
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Industry-leading stablecoin issuer is having some problems
2023-2-13 12:11 | |
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OP up 30% in 24 hours against background of major stablecoin integration into Optimism network
2023-2-2 18:45 | |
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Quick Take Roughly 10,000 BTC was sent to exchange addresses on January 30 The fifth biggest inflow in the past three months, equivalent to around $230 million In addition to roughly $800 million of stablecoins leaving exchanges Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.
2023-1-31 22:50 | |
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Binance’s BUSD stablecoin market cap has dropped by $2 billion in January after the reveal of a poor management instance. According to crypto price tracker CoinGecko, the market cap of BUSD decreased to $15.
2023-1-26 15:11 | |
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BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.
2023-1-26 01:31 | |
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New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.
2023-1-25 21:21 | |
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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] isThe post BUSD faces depegging scare: What's going on, Binance? appeared first on AMBCrypto.
2023-1-12 06:30 | |
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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.
2023-1-12 20:00 | |
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The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.
2023-1-6 21:27 | |
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Deposits and withdrawals for Binance-Peg BUSD are now open on TRON
2022-12-30 16:32 | |
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Paxos announced on its official Twitter account on Tuesday that it is the sole issuer of BUSD. The token is controlled by the organization, and it is being regulated by the New York State Department of Financial Services (NYDFS).
2022-12-29 21:20 | |
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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 regulated in New York. The post Crypto Investors Misguided: Binance Stablecoin BUSD Isn’t Fully Regulated appeared first on BeInCrypto.
2022-12-16 00:15 | |
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Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion. The post Binance sees the largest outflow of stablecoins in 24 hours appeared first on CryptoSlate.
2022-12-14 05:00 | |
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Key Takeaways Coinbase has encouraged customers to dump Tether for USD Coin by waiving fees Binance had delisted USDC pairs last September to push its own stablecoin, BUSD The war between the centralised stablecoins deepens DAI holds the torch for decentralisation but faces uphill battle for relevancy as model seems unscalable The stablecoin war is […] The post Coinbase tell customers to dump Tether, stablecoin war heats up appeared first on CoinJournal.
2022-12-9 16:43 | |
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Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
2022-11-17 09:21 | |
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Stablecoins, which are often referred to as the backbone of the industry, may soon experience a “second great stablecoin war” fought by market leader USD Tether (USDT) and fast-rising Binance USD (BUSD).
2022-10-26 23:11 | |
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According to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth. With new coins entering the stablecoin market aThe post What USDC's diminishing dominance on Ethereum means for the stablecoin appeared first on AMBCrypto.
2022-10-18 05:30 | |
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Bitcoin [BTC] whales seemed to have decided on relegating other stablecoins with their current preference for the Binance stablecoin, BUSD. According to Mignolet, a CryptoQuant analyst, on 27 SeptThe post What Bitcoin whales and Binance have in common should concern investors appeared first on AMBCrypto.
2022-9-30 03:30 | |
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Binance USD (BUSD), Binance’s house-own stablecoin, is now available on Avalanche and Polygon
2022-9-21 23:08 | |
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Индийская криптовалютная биржа WazirX вслед за Binance вводит автоконвертацию стейблкоинов USD Coin (USDC), USDP Stablecoin (USDP) и TrueUSD (TUSD) в BinanceUSD (BUSD).
2022-9-20 09:39 | |
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WazirX is delisting USDC, USDP, and TUSD and will automatically convert customer holdings into BUSD.
2022-9-20 18:32 | |
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The automatic conversion of other stablecoins could increase BUSD supply by $908 million, the bank said.
2022-9-10 15:23 | |
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Circle CEO Jeremy Allaire said Binance’s decision to convert its users’ USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. The post Circle CEO says Binance decision to stop USDC support is good as it increases utility appeared first on CryptoSlate.
2022-9-7 16:30 | |
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Binance, the world's largest cryptocurrency exchange, has shaken up the vital stablecoin market, announcing it will automatically move customers' funds to its Binance USD (BUSD) token from alternatives including the larger USD Coin (USDC).
2022-9-6 20:33 | |
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Cryptocurrency exchange Binance is to convert its users' holdings in three major stablecoins - USDC, USDP and TUSD - into its own stablecoin BUSD.
2022-9-6 20:33 | |
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USDT stablecoin issuer Tether has expanded its Bitcoin holdings by acquiring 7,629 BTC valued at roughly $705 million, according to on-chain data from Arkham Intelligence. The purchase elevates Tether’s Bitcoin holdings to 82,983 BTC, worth approximately $7.
Bitcoin’s actual stored value has been estimated at $1. 03 trillion, far below its $2 trillion market cap, according to CryptoQuant CEO Ki Young Ju. Ju stated that this figure represents an 85% increase from the beginning of 2024, showcasing growing investor confidence in the crypto as a Store of Value.
Swaroop Hegde, CEO and Co-Founder of Powerloom, joined CryptoSlate’s Editor-in-Chief, Liam “Akiba” Wright, and CEO Nate Whitehill on The SlateCast to discuss the future of decentralized data layers.
Bitcoin’s price fell by 2% within an hour after MicroStrategy announced its eighth consecutive weekly BTC acquisition. According to CryptoSlate’s data, the market reaction was less enthusiastic about the firm’s latest Bitcoin purchase, which dragged BTC down to $92,900 at the time of writing —a 10% drop from its record high of over $108,000.
On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT.
The market activity of TRON (TRX) has experienced a remarkable surge, resulting in the company making headlines. In November 2024, TRON achieved an extraordinary $587 billion in USDT transfers, a 30% increase from the previous months.
