Crypto industry lobbying expenses rose by 120% in 2022 in the US
Coinbase remains a leader for lobbying expenditure for the sixth year in a row, but Binance.US is accelerating its efforts. Go to Source Powered by WPeMatico
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Binance CEO responds to mainstream FUD: ‘They don’t know how an exchange works’
The CEO and co-founder of Binance CZ took to Twitter in response to a FUD-filled article published by Forbes about the exchange and its recent “shuffling” of funds. Go to Source Powered by WPeMatico
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown
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 issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that … Read more
Coinbase announces suspension of BUSD trading beginning March 13
The San Francisco-based cryptocurrency exchange referred to its “listing standards” in a tweet. Go to Source Powered by WPeMatico
Is the SEC’s action against BUSD more about Binance than stablecoins?
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. Go to Source Powered by WPeMatico
Texas objects to Voyager-Binance.US deal, court filing shows
Texas claims that Binance.US’s terms of service and restructuring plan contain inadequate disclosures, and discriminate against Texas creditors. Go to Source Powered by WPeMatico
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
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 peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using … Read more
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
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 … Read more
Binance Looking to Hire Developers, Support Staff in Romania
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 universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto exchange by trading volume, … Read more
Aussie regulators review Binance Australia Derivatives over account closures
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. Go to Source Powered by WPeMatico