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The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem. Go to Source Powered by WPeMatico
Bitcoin’s upward momentum could continue according to Asian stablecoin demand and the BTC futures premium. Go to Source Powered by WPeMatico
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 accounts, denying the allegation that global crypto exchange Binance has “secret access.” Clarifications by Binance US Binance US, a U.S.-based cryptocurrency trading platform … Read more
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 stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over … Read more
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 company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained. Binance Plans to Settle With … Read more
This week’s bearish regulatory actions and rumors were not strong enough to suppress investors’ appetite for cryptocurrency. Go to Source Powered by WPeMatico
The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators. Go to Source Powered by WPeMatico
A recent Binance report details the status of Ethereum staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted. Go to Source Powered by WPeMatico
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, originated from the June 2022 hack of Harmony’s Horizon Bridge. North Korea-Linked Crypto Frozen by Binance and Huobi Blockchain analytics firm … Read more
A Binance.US spokesperson reportedly said only the exchange’s employees had access to its accounts, seemingly including any at Silvergate Bank. Go to Source Powered by WPeMatico
