Binance – DIGIT INFO

In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.

A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down.

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Binance’s response to U.S. Senators lacks financial information: Report

Binance’s Patrick Hillman answered a letter from United States Senators requesting information on Binance’s operations in the country and its relationship with Binance.US.

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Binance replaces BUSD in SAFU Fund with TUSD & USDT

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.

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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023.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 BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]

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Binance-Voyager deal to go without holdings, NY judge rules

According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds.

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British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]

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Uniswap launches on BNB Chain ecosystem to drive growth and liquidity

After receiving the support of a significant majority of 66% of voters in February, the deployment of Uniswap Protocol v3 is now operational on BNB Chain.

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Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers

Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital asset exchange in […]

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Coinbase disables trading for BUSD

Coinbase assured users that their BUSD funds will remain accessible and that they will still be able to withdraw funds at any time.

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Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

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 […]

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