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Paradigm accuses SEC of bypassing rules in Binance lawsuit
30.9.2023
Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process
Binance plans to delist stablecoins in Europe citing MiCA compliance
21.9.2023
A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA
Binance plans to delist stablecoins in Europe citing MiCA compliance
21.9.2023
A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA
Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report
8.8.2023
Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call
Binance CEO CZ Explores Diversifying Stablecoin Strategy, Eyes Smaller Algorithmic Tokens
2.8.2023
During a Twitter "Ask Me Anything" (AMA) session on July 31, Binance CEO Changpeng "CZ" Zhao expressed his intention to introduce smaller algorithmic Stablecoins to the market for investors to have alternatives to the existing global Stablecoin giants.
In the session, CZ highlighted concerns...
‘Let's just diversify and see' — Binance CEO on its stablecoin strategy
1.8.2023
Due to regulatory and transparency risks, CZ says that spreading risk across different stablecoins is the key to longevity
Binance calls it quits in Canada, blames new rules
12.5.2023
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...
Bitcoin Spike to $24.5K Stemmed From Regulators' Bank Interventions, Binance Stablecoin Conversion, Investor Hopes for Fed Dovishness
14.3.2023
Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report
Coinbase disables trading for BUSD
13.3.2023
Coinbase assured users that their BUSD funds will remain accessible and that they will still be able to withdraw funds at any time
Binance Shifts to ‘Semi-Automated’ Process to Manage Reserves of Tokens It Issues: Bloomberg
22.2.2023
Reserves for these tokens had previously been mixed with customer funds
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
14.2.2023
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure
13.2.2023
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
Paxos to stop minting BUSD stablecoins for Binance
13.2.2023
All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
13.2.2023
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar and Binance USD tokens, over the latter. The news comes days after CoinDesk reported Paxos was under investigation by the New York Department of Financial Services
Binance Stablecoin BUSD Loses $2 Billion in Market Cap in a Month – What’s Going On?
27.1.2023
The Binance USD (BUSD) stablecoin continues to lose ground versus other stablecoins, and has over the past month lost as much as $2bn in market capitalization.
At its low on Wednesday this week, BUSD’s market cap touched $15.3bn, down more than $2bn compared to the $17.5bn market cap it had on...
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
26.1.2023
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization
Binance pushes back against report stablecoin isn’t fully backed
10.1.2023
The crypto exchange said there was a "timing mismatch in backing Binance-Peg BUSD with BUSD" seemingly showing data in which the stablecoin was not fully backed at times
A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg
10.1.2023
The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed
Circle marks a possible $3B loss from Binance stablecoin conversions
16.11.2022
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX