True USD becomes 5th largest stablecoin after market cap surges 15%

Over the last few weeks, the market value of True USD (TUSD) has surged and it is now ranked, according to Coin Market Cap, as the fifth largest stablecoin by market capitalization. The post True USD becomes 5th largest stablecoin after market cap surges 15% appeared first on CryptoSlate. дальше »

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Disinvitation From Denver Crypto Conference Reveals Tensions Between Aptos, Sui Blockchains

Tensions have spilled into public between Aptos and Sui, two startup blockchains staffed by teams of individuals who emerged from Facebook's defunct Diem stablecoin project. дальше »

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TUSD crosses this landmark and reaches $1 billion market cap, more inside

True USD has become the fifth-largest stablecoin by market capitalization. The regulatory concerns with BUSD have made TUSD become a viable alternative. In the past few weeks, True USD [TUSDThe post TUSD crosses this landmark and reaches $1 billion market cap, more inside appeared first on AMBCrypto. дальше »

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Binance CEO hits back at Forbes report, calls it ‘baseless’

Binance CEO, Changpeng Zhao, has refuted claims by Forbes, accusing the exchange of ‘shuffling’ $1.8 billion in stablecoin collateral to numerous hedge funds. Binance has been in the limelight since Forbes published a story claiming that the exchange transferred $1.8… дальше »

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Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory Pressure

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Stablecoin Lender Liquity's Token Rises 35% on Binance Listing

LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance's innovation zone. дальше »

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TrueUSD becomes fifth largest stablecoin

TrueUSD has become the fifth largest stablecoin after Binance minted about $130 million TUSD in the past seven days. According to blockchain data by Coingecko, the recent crackdown on BUSD by the Securities and Exchange Commission (SEC) saw its utility… дальше »

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TRON [TRX] overtakes ETH in this metric, but troubles manifest

Stablecoin adoption in retail payment has been increasing in the TRON network. Monthly active users increased, but TVL registered a decline. On 26 February, TRON [TRX] overtook Ethereum [ETHThe post TRON [TRX] overtakes ETH in this metric, but troubles manifest appeared first on AMBCrypto. дальше »

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Crypto Broker Voyager Digital Sends $121M in Crypto to Exchanges, Sells Ether, Shiba Inu Holdings

Blockchain transaction data by Arkham Intelligence shows that Voyager Digital transferred some $121 million of crypto assets to exchanges in February and received some $150 million in USDC stablecoin in the last four days. дальше »

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Binance denies users were affected by alleged $1.8B stablecoin collateral transfer

Binance denied on February 27 that its alleged decision to transfer $1. 8 billion of stablecoin collateral to hedge funds had any impact on user holdings. The post Binance denies users were affected by alleged $1. дальше »

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TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week

Blockchain data shows exchange giant Binance has been relying increasingly on TUSD after regulators clamped down on its Binance USD stablecoin. дальше »

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Binance reportedly moved $1.8 billion of collateral backing customers stablecoin

Binance moved over $1 billion of customer funds meant as reserves for B-tokens last year The funds were sent to firms like Alameda Research, Cumberland, and Tron Binance CSO stated that therThe post Binance reportedly moved $1. дальше »

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Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes

This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance's claim that they were 100% backed. дальше »

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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 CoinbasThe post Coinbase to suspend trading of Binance USD (BUSD) appeared first on AMBCrypto. дальше »

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Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards

Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange said in a tweet Monday. дальше »

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Is the SEC’s action against BUSD more about Binance than stablecoins?

The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance. дальше »

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Cryptocurrencies Resilient Despite Weak Stocks, More Regulatory Action: Citi

Stablecoin market caps have stabilized while the percentage of ether in smart contracts continues to rise, the report said. дальше »

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Stablecoins Come Under The SEC’s Crosshairs But Paxos Still Has A Few Options Left Up Its Sleeve

Following the SEC’s notice to Paxos to stop minting Binance USD (BUSD), only a handful of options remain for the issuing entity, with each having the potential to change the entire stablecoin ecosystem. дальше »

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Circle reports an increase in USDC stablecoin circulation

On Feb. 23, in response to the BUSD incident, Circle reported a significant increase in the circulation of their stablecoin, USDC. They have issued 2.1 billion and redeemed 1.5 billion coins, resulting in a net circulation increase of $600 million… дальше »

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Crypto Industry Needs More FTC, Less SEC

Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. дальше »

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Crypto Lobbying Needs a Reset: More FTC, less SEC

Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. дальше »

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SEC Shouldn’t Regulate Crypto Stablecoins, Says Circle CEO

Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bloomberg, the Circle boss shared his views regarding SEC’s recent moves on BUSD stablecoin issuer Paxos. дальше »

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TUSD to use Chainlink’s proof-of-reserves

TUSD, a stablecoin backed by the USD, is integrating Chainlink’s proof-of-reserves to secure minting, improve transparency, and enhance reliability. дальше »

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Circle CEO says stablecoin regulation should not be assigned to U.S. SEC

Circle CEO Jeremy Allaire told Bloomberg on February 23 that the United States Securities and Exchange Commission should not be tasked with regulating stablecoins. The post Circle CEO says stablecoin regulation should not be assigned to U.S. SEC appeared first on CryptoSlate. дальше »

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The SEC's Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon

The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important. дальше »

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US Bank Regulators Issue Fresh Warning on Crypto Liquidity Risks

US banking regulators warn of liquidity risks from crypto clients. Stablecoin reserves could experience large and rapid outflows, caution the Federal Reserve, FDIC, and OCC. The post US Bank Regulators Issue Fresh Warning on Crypto Liquidity Risks appeared first on BeInCrypto. дальше »

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US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves

United States regulators issued a joint statement to banks on February 23 warning of liquidity risks stemming from cryptocurrency-related clients and their deposits, Reuters reported. The post US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves appeared first on CryptoSlate. дальше »

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Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan

JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said. дальше »

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SEC Charges Terra’s Don Kwon With Fraud

The US Securities and Exchange Commission has charged Do Hyeong Kwon and his Singapore-based company Terraform Labs with orchestrating a multi-billion dollar crypto asset securities fraud involving the UST stablecoin and other crypto asset securities. дальше »

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Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin

The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element. дальше »

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Binance To Destroy $2 Billion Idle BUSD On The BNB Smart Chain (BSC)

Binance, the world’s largest cryptocurrency exchange by trading volume, will “destroy” $2 billion BUSD which idle on the BNB Smart Chain (BSC), per a tweet on Feb. 22. Burning $2 Billion Of Idle BUSD On The BSC BUSD is a stablecoin issued by Paxos on Ethereum under the Binance brand. дальше »

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Ethereum adds support for Euro Coin [EUROC]: All you need to know

Circle rolls out new Euro-based stablecoin as an ERC20 token on Ethereum. Ethereum's on-chain metrics rose as a result of the announcement. The Ethereum [ETH] network just added support for The post Ethereum adds support for Euro Coin [EUROC]: All you need to know appeared first on AMBCrypto. дальше »

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BUSD Stablecoin Temporarily Plunges to 20 Cents on Binance

Binance USD (BUSD), the third-largest stablecoin by market cap, spiked to a low of $0.20 against the DAI stablecoin as liquidity dried up on Binance. дальше »

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TrueUSD the first USD-backed stablecoin to use Chainlink ‘Proof of Reserve’ to mint

TrueUSD will use Chainlink Proof of Reserve (PoR) in minting the TUSD stablecoin. It is the first stablecoin to use Chainlink PoR in controlling the minting process. The PoR will check the balance between the total supply of TUSD and US dollars held in reserve. дальше »

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Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves

The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD. дальше »

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Paxos In Talks With The SEC, Binance Partnership Over?

According to a Reuters report, Paxos, the first regulated blockchain infrastructure platform behind Binance’s stablecoin BUSD, is in ongoing discussions with the Securities Exchange Commission (SEC) following the regulatory crackdown on this industry. дальше »

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Paxos and SEC Engaging in Discussions over BUSD Stablecoin

Paxos Trust, the issuer of Binance USD, is currently in talks with the U.S. Securities and Exchange Commission (SEC) after the regulatory body stated that Paxos should have registered the token as a security дальше »

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Scammer steals $2m user funds from Hope Finance

Arbitrum-based stablecoin was compromised by a well-orchestrated smart contract scam leading to users losing about $2 million from their accounts. дальше »

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BNB-Bitcoin Ratio Drops to Lowest Level in Six Months on Paxos-BUSD Drama

The recent regulatory action against Binance-branded BUSD stablecoin weighs over BNB token. дальше »

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Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to support

Bitcoin’s upward momentum can continue, according to Asian stablecoin demand and the BTC futures premium.

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PODCAST: What does DAI’s future hold post-BUSD? MakerDAO joins the CoinJournal podcast

Key Takeaways Sam MacPherson of MakerDAO, the creators of the decentralised stablecoin DAI, joins the podcast Sam and host Dan Ashmore discuss the future of the DAI stablecoin following the relations that BUSD will shut down amid the SEC clampdown in the US The duo chat collateral, capital efficiency, centralisation, Tether, USDC, criticisms of DAI, […] The post PODCAST: What does DAI’s future hold post-BUSD? MakerDAO joins the CoinJournal podcast appeared first on CoinJournal. дальше »

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Paxos Says It’s Prepared to Challenge the SEC Over BUSD Security Claims

Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U. S. Securities and Exchange Commission over its issuance of Binance USD “BUSD” stablecoin. дальше »

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Cardano-Based Djed Stablecoin Attracts Over 30M ADA In the First Week Since Launch

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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. дальше »

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SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. дальше »

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Jump Trading is the center of the ongoing SEC-Terra suit

Jump Trading is the masked "U.S. trading firm" that the United States Securities and Exchange Commission (SEC) accused of helping sustain the TerraUSD stablecoin, UST, from de-pegging in 2021 дальше »

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A Botched Heist: A Look At The Sloppy $8.5M Hack On Platypus Protocol

Avalanche-based Platypus Protocol, an AMM that was less than two weeks into launching it’s new stablecoin USP, suffered an $8. 5M flash loan attack on Thursday. There’s plenty to talk about recently about stablecoins, but this story isn’t about regulation – but rather about community-issued enforcement and collaboration to rectify actions from the hack. дальше »

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This Stablecoin Suffered 50% Depeg Following $8.5M Hack

Platypus, a DeFi protocol, is the victim of a flash loan attack worth $8.5 million. The stablecoin USP was depegged by 50% before recovering. The post This Stablecoin Suffered 50% Depeg Following $8.5M Hack appeared first on BeInCrypto. дальше »

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TrueFi price explodes as Binance begins minting True USD

TrueFi (TRU/USD) has surged by more than 200% since yesterday after Binance announced that it had minted 50 million True USD (TUSD/USD) stablecoins. The move comes days after the US SEC started a regulatory crackdown on Binance USD (BUSD/USD), Binance’s native stablecoin. дальше »

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Binance CEO says the stablecoin landscape is shifting

The market cap of Binance USD (USD) stablecoin has declined by $2. 45 billion. Over $2. 37 billion has moved from BUSD to Tether (USDT). USD Coin (USDC) has also seen its market cap shrink by about $739 million amid the regulatory events of the past few days. дальше »

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