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Nalezeno "A$DC Stablecoin": 3827

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...

SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount

21.2.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U.S., but they’ve decided not to do it – some of them in open scorn...

Paxos is engaged in 'constructive discussions' with SEC: Report

21.2.2023
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security

Today in Crypto: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain

21.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________... Read More: Today in Crypto: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore...

Hope Finance exploit results in $2M stolen from users' funds

21.2.2023
An Arbitrum-based algorithmic stablecoin project has fallen prey to a smart contract exploit, seeing $2 million stolen from users

How Hong Kong Is Gearing Up to Regulate Stablecoins

21.2.2023
Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications

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

20.2.2023
Bitcoin's upward momentum could continue according to Asian stablecoin demand and the BTC futures premium

Many stablecoins fall short of coming regulatory recommendations, says FSB chair

20.2.2023
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July

Today in Crypto: ‘Many Existing Stablecoins Would Not Meet Coming Standards’, Fireblocks to Launch Off-exchange Service, Stellar & USDC Added to Wirex Wallet

20.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________... Read More: Today in Crypto: ‘Many Existing Stablecoins Would Not Meet Coming Standards’, Fireblocks to Launch Off-exchange Service...

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

20.2.2023
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of...

There are "Very Interesting Opportunities" for Non-USD Based Stablecoins: Binance CSO

19.2.2023
With U.S. regulators effectively canceling Binance-branded BUSD stablecoin, the world's largest cryptocurrency exchange is now looking beyond dollar-based stablecoins - and it has received notable interest from potential partners. Patrick Hillmann, Binance’s chief strategy officer, has said that...

CZ denies report Binance is considering major breakup with US business partners

17.2.2023
The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators

TerraUSD Stablecoin Scandal: SEC Sues Terraform Labs and Do Kwon for Deceiving Investors – Here's What Happened

17.2.2023
The US Securities and Exchange Commission (SEC) has sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud. “[The SEC] today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud...

Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs

17.2.2023
Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud

17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from...