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Nalezeno "Paxos": 225

Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank

2.3.2023
Silvergate is reportedly facing an investigation from the United States Department of Justice over its alleged role in the FTX collapse, involving Sam Bankman-Fried's account

Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns

1.3.2023
Coinbase CEO Brian Armstrong said the exchange decided to suspend trading of Binance USD (BUSD) because the company had concerns about its liquidity

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

28.2.2023
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase...

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

25.2.2023
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with...

Crypto Lobbying Needs a Reset: More FTC, less SEC

24.2.2023
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. How, critics rightfully asked, can...

Firm Behind Binance's BUSD Stablecoin in Talks with the SEC – Here's the Latest

22.2.2023
Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the stablecoin a security. In an email to employees, Paxos CEO Charles Cascarilla said they are having...

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...

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

Paxos Is Holding a 'Constructive Discussion' With SEC: Reuters

21.2.2023
News of the talks comes a week after Paxos said it received a Wells Notice from the regulator

The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20

20.2.2023
The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem

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...

SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review

19.2.2023
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary...

Coinbase Exec: US Congress Needs to ‘Step Up’ Its Crypto Regulatory Efforts

17.2.2023
Faryar Shirzad, chief policy officer at the exchange, said the exchange would “love to register” its two dormant broker deals, but the reality is no clear direction has been provided by lawmakers on Capitol Hill

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...