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Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by … Read more
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security. 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
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July. Go to Source Powered by WPeMatico
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
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
Join us as we discuss whether it’s time to consider stacking some sats and buying into some attractive altcoins. Go to Source Powered by WPeMatico
Despite providing many novel services, DeFi does not differ substantially from traditional finance in its functions, the Financial Stability Board stated. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February. Go to Source Powered by WPeMatico