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” Paxos is engaged in ‘constructive discussions’ with SEC: Report “ Stablecoin issuer Paxos was reportedly discussing the Binance USD (BUSD) stablecoin with the United States Securities and Exchange Commission following a Wells notice from the financial regulator. According to a Feb. 21 Reuters report, Paxos CEO Charles Cascarilla said the firm was “engaged in…
” Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD “ Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The transaction took place on Feb. 16, according to data from Etherscan, and also comes…
” Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals “ The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs. BUSD market cap drops by…
” 3 reasons why Binance’s BNB token risks sliding further by March “ On Feb. 13, BNB (BNB) recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB’s price has since recovered to over $298, but its possibility of facing another sell-off remains high. Let’s take a look at a few reasons…
” Binance withdrawals and BUSD redemptions surge post Paxos crackdown “ Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulatory action against Paxos and its stablecoin Binance USD (BUSD). At the same time, the BUSD token has recorded significant…
” Binance to support BUSD while exploring non-USD stablecoins, CZ says “ Cryptocurrency exchange Binance plans to continue supporting its Binance USD (BUSD) stablecoin despite its issuer Paxos facing a stop order from American regulators. As reported by Cointelegraph, the New York Department of Financial Services (NYDFS) has ordered blockchain firm Paxos to cease issuing…
” Breaking: Paxos reportedly ordered to stop issuing Binance USD “ The New York Department of Financial Services (NYDFS) has reportedly ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin. The New York regulator’s actions come shortly after the United States Securities and Exchange Commission (SEC) issued a wells notice to…
” Are stablecoins securities? Well, its not so simple, say lawyers “ Recently reported planned enforcement action against Paxos by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security. Blockchain lawyers told Cointelegraph said that while the answer…
” Stablecoin issuer Paxos reportedly probed by New York regulators “ Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar with the matter” told Bloomberg in a Feb. 10 report that…
” Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries “ Stablecoins in the cryptocurrency market help provide U.S. dollar-pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors flock to more volatile assets; and in bear markets, investors seek shelter…