[Feb 28, 2023 2:22 AM] The co-founder and CEO of Binance, Changpeng Zhao, took to Twitter in response to a FUD-filled article published by Forbes about the exchange and its recent “shuffling” of funds.
[Feb 27, 2023 5:00 PM] 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…
[Feb 27, 2023 8:02 AM] The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.
[Feb 26, 2023 1:11 PM] Texas claims that Binance.US's terms of service and restructuring plan contain inadequate disclosures, and discriminate against Texas creditors.
[Feb 25, 2023 11:00 PM] Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in…
[Feb 25, 2023 1:00 PM] 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…
[Feb 24, 2023 4:30 AM] Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian…
[Feb 24, 2023 2:52 AM] A day after Binance Australia Derivatives sent notifications of account closures to users it wrongly classified, regulators in Australia said they’re looking into the company.
[Feb 23, 2023 8:37 AM] Stablecoins are cryptocurrencies built to withstand the market’s volatility as it is backed by a specific asset. In the case of most stablecoins, the US dollar backs the cryptocurrency, pegging the coin’s value to one USD. Investors use stablecoins…
[Feb 23, 2023 7:09 AM] Binance Australia Derivatives incorrectly classified end users as wholesale investors, according to an investigation into its onboarding services.
[Feb 23, 2023 4:46 AM] The SEC has moved to bar final approval of Binance.US’ $1 billion bid for assets belonging to bankrupt crypto lending firm Voyager Digital.
[Feb 22, 2023 4:00 PM] Binance, the world’s largest cryptocurrency exchange by trading volume, will “destroy” $2 billion BUSD which idle on the BNB Smart Chain (BSC), per a tweet on Feb. 22. Burning $2 Billion Of Idle BUSD On The BSC BUSD is a stablecoin issued by Paxos
[Feb 21, 2023 3:30 PM] 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…
[Feb 21, 2023 7:50 AM] Data shows an XRP whale has withdrawn an amount of $19.7 million in the token from Binance, a sign that may be bullish for the asset’s price. XRP Whale Transfers Out 50,304,136 Coins From Crypto Exchange Binance As per data from the…
[Feb 20, 2023 2:00 PM] The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem.
[Feb 19, 2023 7:30 PM] Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank…
[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…
[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…
[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.
[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.
[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…
[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…
[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.
[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.
[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.
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