SEC will not pursue enforcement action against Paxos
[Jul 11 9:02 AM] The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
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Binance.US not cooperating with investigation, US SEC says in filing
[Sep 15, 2023 2:17 AM] SEC said in a court filing that Binance.US has produced only 220 documents during the discovery process many of which were “unintelligible screenshots and documents without dates or signatures.”
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
[Sep 9, 2023 10:00 PM] Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat…
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
[Sep 3, 2023 2:30 PM] The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark…
Binance pushes new stablecoin as it confirms plan to cease BUSD support
[Aug 31, 2023 2:04 AM] Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.
Binance sold USDC for another stablecoin — Coinbase CEO
[Aug 7, 2023 7:06 AM] Binance has been experimenting with relatively lesser-known stablecoins after a pause on BUSD.
SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value
BUSD falls to fourth position among stablecoins
[Jun 17, 2023 2:43 PM] After a dip of over $1 billion in the past 30 days, BUSD now sits at the fourth position in market capitalization among stablecoins.
DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization
Binance vs. SEC: Crypto industry debates ‘Tai Chi’ vs. ‘Operation Chokepoint 2.0’
[Jun 6, 2023 5:01 AM] The SEC lawsuit comes just months after the CFTC lawsuit against Binance, mounting its regulatory woes in the United States.
SEC’s Binance suit contains heavy mix of predictable charges, novel revelations
[Jun 5, 2023 3:45 PM] The world’s largest crypto exchange has been hit with an SEC suit that many saw coming, but the details will be studied closely.
Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps
[Jun 1, 2023 5:22 AM] At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.
USDT market share jumps amid economic uncertainty, USDC shrinks
[May 28, 2023 11:39 AM] Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture.
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
[May 23, 2023 7:58 AM] A mainstream report citing multiple insiders claimed that Binance mingled customer’s funds with corporate funds at Silvergate Bank.
SEC’s war on crypto: How far will it go?
[Apr 26, 2023 10:45 AM] The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome.
SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
[Apr 18, 2023 11:30 AM] According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news…
Tether market cap eyes record high after regaining 65% stablecoin dominance
[Apr 17, 2023 9:10 AM] The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle.
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
[Apr 16, 2023 8:30 AM] Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data…
Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble
[Apr 6, 2023 9:28 AM] The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins.
BUSD deposits and withdrawals via OCBS suspended on Binance.US
[Mar 31, 2023 4:29 AM] Binance.US said it temporarily disabled the One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits.
Binance replaces BUSD in SAFU Fund with TUSD & USDT
[Mar 17, 2023 1:30 PM] Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses.
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…
Coinbase disables trading for BUSD
[Mar 13, 2023 12:00 PM] Coinbase assured users that their BUSD funds would remain accessible and they could still withdraw funds at any time.
Curve Finance trading volume reaches $7B historic high after USDC depeg
[Mar 11, 2023 12:19 PM] The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
[Mar 11, 2023 4:44 AM] Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
[Mar 5, 2023 2:05 AM] Chatcasso won first prize in the BNB Chain hackathon for its AI-powered NFT creation tool.
Binance USD Loses 43% Of Market Cap Value Following Regulation Issues
[Mar 3, 2023 12:30 PM] Binance USD (BUSD) has suffered a significant loss of about 43% of its market cap value in the last 3 weeks following a regulatory crackdown by U.S. authorities. BUSD is a popular token issued by the Paxos Trust Company, and it serves as the native…
Is the SEC’s action against BUSD more about Binance than stablecoins?
[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.
Paxos is engaged in 'constructive discussions' with SEC: Report
[Feb 21, 2023 10:00 AM] The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.
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.