The market cap of Paxos-issued Binance USD has dropped by nearly $2 billion since New York’s financial regulator on Monday ordered its creator, Paxos, to stop issuing the dollar-pegged coin. After …
Binance Coin (BNB) And Aptos (APT) Showing Diminishing Returns? Enter The Orbeon Protocol (ORBN) Presale
The new year has put a spotlight on many cryptocurrencies. However, one project stands out. Orbeon Protocol (ORBN) could become a significant hit in the crypto sector as it brings something new to an …
3 reasons why Binance’s BNB token risks sliding further by March
A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February. On Feb. 13, Binance’s native token, BNB, recorded its worst daily performance since November 2022 …
Binance’s CZ Says ‘FUD Is Temporary’ As BNB Drops 8% On $2.8M Short-Sale
Binance CEO Changpeng Zhao reiterated that “FUD is temporary” on Monday evening after the New York Department of Financial Services issued an order requiring Paxos to cease minting new Binance USD …
Binance Coin Falls To Lowest Since Mid-January After Regulatory Intervention
Binance coin dropped to its lowest value in more than one month today after markets responded to news that Paxos will stop issuing new units of Binance USD. What else drove this volatility? Analysts …
Binance stablecoin backer says U.S. SEC has labeled token an unregistered security
The firm behind Binance’s stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is …
SEC Forces Paxos to Stop Minting Binance Stablecoin. What Does That Mean for Binance?
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Source: Grey82 / Shutterstock.com Crypto skeptics had been waiting for the …
Binance Coin extends losses as BNB dumps 10% amid negative news
Binance Coin price fell amid news around Paxos and its stablecoin BUSD BNB traded to lows of $284, extending intraday declines from highs of $321 as uncertainty engulfed the stablecoin. Paxos, which …
Binance Stablecoin Issuer Paxos To Stop Minting BUSD Token After NYDFS Guidance
The issuer of crypto’s third largest stablecoin will stop minting new tokens of its Binance-branded coin, as regulators ratcheted up pressure on crypto exchanges and clamped down on the ailing digital …
Binance and Crypto Markets Rattled as Paxos Ordered to Stop Issuing Exchange’s Stablecoin
Binance, the world’s largest cryptocurrency exchange, faced increased regulatory pressures over the weekend as the issuer of its U.S. dollar-pegged stablecoin said it will stop issuing Binance USD …
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 Trust Company, facing a stop order from American regulators. As reported by …
Binance stablecoin backer ordered to stop issuing token – Binance CEO
LONDON, Feb 13 (Reuters) – New York’s chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the token, Paxos said in a …
Paxos to stop minting BUSD stablecoins for Binance
Blockchain infrastructure platform Paxos Trust Company will halt the issuance of new Binance USD (BUSD) stablecoins amid the ongoing probe by New York regulators. Paxos officially announced on Feb. 13 …
BNB Token Slides Under $300, Binance USD Inflows Signal Bearish Signs
BNB Chain’s native token slid over 7% while Binance USD (BUSD) stablecoins had high inflows … moving into exchange wallets indicate the urge to turn coins into fiat or stablecoins,” CryptoQuant said …
Binance coin slumps as Paxos ordered to stop issuing dollar-based token
Binance coin, or BNB, slumped 5% after the New York Department of Financial Services ordered Paxos Trust to stop creating more of its BUSD token, a Binance spokesman said on Monday. BUSD is a …
What Are The Cryptocurrency Tokens Everyone Is Talking About – Binance Coin, Sandbox And Dogetti?
What are the crypto tokens that everyone is talking about? They are Binance Coin (BNB), Sandbox (SAND), and Dogetti (DETI). Keep reading to learn why people are raving about these coins. You could …
Breaking: Paxos facing SEC lawsuit over Binance USD — Report
The Securities and Exchange Commission has alleged that Binance USD is an unregistered security, and is planning to sue Paxos over the issuing or listing of the coin.
SEC plans to sue crypto firm Paxos over Binance token
Binance and Paxos announced the partnership to launch it in … It couldn’t be determined if the SEC notice is specifically related to Paxos’ issuing of the coin, the listing of the coin or both. Back …
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall …
Big Eyes Coin Ups The Ante In Presale With New Currencies For BIG: Bitcoin & Ethereum Prices Take U-Turn
Seeing the overwhelming success it has had during presale where investors could, before the announcement, use Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) to purchase a BIG token; Big Eyes …
Kraken’s staking down, FTX post-bankruptcy hell and Binance news: Hodler’s Digest, Feb. 5-11
Kraken halts staking to U.S. users, FTX new CEO describes ‘pure hell’ on post-bankruptcy days, and Binance faces banking challenges.