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3232Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
https://www.digit.info/binance-converts-1-billion-busd-into-bitcoin-bnb-and-ethereum/
Mon, 13 Mar 2023 17:30:56 +0000https://www.digit.info/2023/03/13/binance-converts-1-billion-busd-into-bitcoin-bnb-and-ethereum/Read more]]>On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles […]
]]>BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
https://www.digit.info/busd-stablecoin-drops-from-top-10-crypto-assets-amid-significant-decrease-in-dominance/
Sat, 25 Feb 2023 19:00:53 +0000https://www.digit.info/2023/02/25/busd-stablecoin-drops-from-top-10-crypto-assets-amid-significant-decrease-in-dominance/Read more]]>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 a market cap of around $11.12 billion, compared to the meme […]
]]>Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
https://www.digit.info/binance-ceo-warns-of-profound-impacts-on-crypto-industry-if-busd-is-ruled-as-a-security/
Tue, 14 Feb 2023 01:34:57 +0000https://www.digit.info/2023/02/14/binance-ceo-warns-of-profound-impacts-on-crypto-industry-if-busd-is-ruled-as-a-security/Read more]]>Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following […]
]]>Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
https://www.digit.info/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/
Mon, 19 Sep 2022 22:30:00 +0000https://www.digit.info/2022/09/19/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/Read more]]>The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
]]>Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
https://www.digit.info/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/
Wed, 07 Sep 2022 17:30:16 +0000https://www.digit.info/2022/09/07/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/Read more]]>On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
]]>Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD
https://www.digit.info/binance-to-drop-usdc-trading-pairs-plans-to-auto-convert-specific-stablecoin-balances-to-busd/
Mon, 05 Sep 2022 23:05:42 +0000https://www.digit.info/2022/09/05/binance-to-drop-usdc-trading-pairs-plans-to-auto-convert-specific-stablecoin-balances-to-busd/Read more]]>The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove […]
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles […]
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 a market cap of around $11.12 billion, compared to the meme […]
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following […]
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove […]