54 / 63 Relevant items tagged with #Binance
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Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
[Feb 19, 2023 5:30 PM] 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…
Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report
[Feb 17, 2023 10:00 PM] Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the…
Bitcoin price rally to $25K followed by total crypto market cap retest of the $1.13T resistance
[Feb 17, 2023 3:17 PM] This week’s bearish regulatory actions and rumors were not strong enough to suppress investors’ appetite for cryptocurrency.
CZ denies report Binance is considering major breakup with US business partners
[Feb 17, 2023 1:00 PM] The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators.
Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade
[Feb 17, 2023 11:31 AM] A recent Binance report details the status of Ether staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted.
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea
[Feb 16, 2023 11:00 PM] Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently…
How Binance Moved $400 Million To CZ Owned Trading Firm
[Feb 16, 2023 4:03 PM] According to a recent report from Reuters, crypto exchange Binance moved $400 million from a “secret” account linked to its U.S. subsidiary, Binance.US, in 2021. The funds were allegedly sent to a trading firm owned by the crypto exchange’s CEO…
Binance moved $400M from Binance.US account to firm tied to CZ: Report
[Feb 16, 2023 2:37 PM] A Binance.US spokesperson reportedly said that only the exchange’s employees had access to its accounts, seemingly including any at Silvergate Bank.
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
[Feb 16, 2023 4:10 AM] 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.
Binance banking problems highlight a divide between crypto firms and banks
[Feb 15, 2023 11:59 PM] With exchanges losing banking partners, experts are beginnig to warn of a widening relationship between crypto firms and traditional banks.
Binance readies checkbook for potential fines from US regulators: Report
[Feb 15, 2023 10:44 PM] The world’s largest crypto exchange wants to resolve outstanding investigations with U.S. regulators.
3 reasons why Binance’s BNB token risks sliding further by March
[Feb 15, 2023 6:02 AM] A slew of technical, fundamental and on-chain indicators hint at more pain for BNB’s price in February.
South Korea’s Second-Largest City Aims to Become a Crypto Hub
Matrixport Executive Thinks BUSD Crackdown Won’t Spread To All Stablecoins
[Feb 15, 2023 4:23 AM] Matrixport’s executives believe the regulatory enforcement on BUSD will not impact all stablecoins. Moreover, according to the executive, other issues surround the crackdown. The United States regulators are striking hard on some crypto…
Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report
[Feb 14, 2023 11:04 AM] Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today's CPI report are front of mind for many investors.
Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
[Feb 14, 2023 3:30 AM] According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya…
Binance’s BUSD Reserves Steady At $13 Billion, Represents 18% Of All Assets
[Feb 14, 2023 3:15 AM] BUSD, a stablecoin issued by Paxos, a blockchain infrastructure platform in New York, is still one of the most dominant assets on Binance, the world’s largest cryptocurrency exchange by client count and trading volume. BUSD Remains Dominant…
Stablecoins not the target in BUSD crackdown: Matrixport head of research
[Feb 13, 2023 11:51 PM] Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
[Feb 13, 2023 11:22 PM] Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
[Feb 13, 2023 6:05 PM] Paxos said it will engage with the U.S. securities regulator on the matter and is prepared to “vigorously litigate if necessary.”
Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
Brazilians Will Be Able to Pay Taxes With Crypto
[Feb 13, 2023 9:30 AM] Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a…
Here’s Why The Stablecoin And Binance FUD Might Be Overblown
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
[Feb 13, 2023 6:03 AM] According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor…
Breaking: New York Regulator Orders Paxos To Stop Issuing Binance’s BUSD
[Feb 13, 2023 5:32 AM] Binance’s BUSD which is issued by Paxos continues to be one of the largest stablecoins in the crypto market. However, it looks like the stablecoin has now made it onto regulators’ radar as New York regulators have ordered Paxos to stop issuing new…
Paxos to stop minting BUSD stablecoins for Binance
[Feb 13, 2023 5:25 AM] All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said.
Binance to support BUSD while exploring non-USD stablecoins, CZ says
[Feb 13, 2023 5:23 AM] Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators.
Breaking: Paxos reportedly ordered to stop issuing Binance USD
[Feb 13, 2023 2:10 AM] A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap.
Canadian University Dubai backtracks on accepting crypto via Binance Pay
[Feb 12, 2023 1:04 AM] Before hitting a technical roadblock, CUD was seemingly interested in collecting tuition and course fees in cryptocurrencies from both domestic and international students.