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Nalezeno "paxos": 318

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

17.2.2023
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.”

Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

16.2.2023
Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin

Tether USDT Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins

15.2.2023
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny

State of Crypto: Interpreting the Paxos-Binance Tea Leaves

15.2.2023
Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates...

Former Paxos Exec: Regulators Failed to Address Crypto Collapses, Now They’re Going After 'On-Ramps'

15.2.2023
Jesse Austin Campbell, former head of portfolio management at the firm, says that because regulators did not adequately address the collapses of Celsius Network, Terra Luna and FTX, they are now in pursuit of on-ramps to get to Binance

The SEC Is Taking Aim at Paxos and (Annoyingly) It’s Good For Bitcoin

15.2.2023

3 reasons why Binance's BNB token risks sliding further by March

15.2.2023
A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February

Binance’s CZ says BUSD Funds in Paxos are #SAFU

15.2.2023
Changpeng Zhao, Binance CEO, recently announced that the exchange will still support BUSD. The statement was issued after New York regulators and the SEC ordered Paxos to restrict the stablecoin’s minting. The New York Department of Financial Services (NYDFS) told Paxos, the company that made...

BUSD Stablecoin Inches Toward $1 Peg After Binance CEO Comments

15.2.2023
Changpeng Zhao on Tuesday distanced himself from the Binance-branded stablecoin

Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules

14.2.2023
TuongVy Le, a partner and head of regulatory & policy at investment firm Bain Capital, says the agency is refraining from passing a rules-based framework and has to make it clear what digital assets it would deem compliant under its jurisdiction

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

14.2.2023
The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure

Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?

14.2.2023

Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show

14.2.2023
Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said

Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

14.2.2023
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard...

Paxos and Binance end their partnership for BUSD, halting its minting

14.2.2023
Paxos has published a media statement to announce that it will soon halt the minting of BUSD. The development comes after the blockchain and tokenization infrastructure platform announced that it would end its relationship with Binance for the issuance of BUSD. This goes into effect on February...