The move put BUSD or Binance USD, the third largest stablecoin by market value, under pressure as the SEC issued another Wells notice to Paxos Trust, which owned and operated BUSD, in February. A …
7 details in the CFTC lawsuit against Binance you may have missed
Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims. The surprise lawsuit from the …
Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows
Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.
CFTC Sues Binance, CZ Over ‘Willful Evasion’ of U.S. Laws, Unregistered Crypto Derivatives Products
CFTC officials have often suggested that bitcoin and ether are likely commodities, but they’re additionally maintaining that litecoin and the stablecoins tether and BUSD are, as well. The SEC has …
USD Index breaches 102.00 and drops to 7-month lows
The greenback, in terms of the USD Index (DXY), remains well on the defensive and breaks below the 102.00 yardstick for the first time since early February. The last time the index retreated for six …
Binance market share could drop after abolishing most zero-fee trading, boosts TrueUSD stablecoin
An exemption was allowed for the TrueUSD/Bitcoin (TUSD/BTC) pair. This built atop a March 10 move to quietly wind down BUSD auto-conversion and re-list the stablecoins de-listed in September. Head …
Binance replaces BUSD in SAFU fund with TUSD and USDT
Cryptocurrency exchange Binance announced on March 17 that it has replaced the Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move …
Binance to Swap BUSD Held in User Protection Fund for USDT and TUSDT
Binance picked Tether (USDT) and TrueUSD (TUSD) as a replacement for its Binance USD (BUSD) holdings in the Secure Asset Fund for Users (SAFU). US regulators banned the minting of new BUSD tokens last …
Crypto exchange Binance replaces BUSD holdings—what you need to know
Cryptocurrency exchange Binance has taken action in response to Paxos’ recent decision to stop minting new BUSD, switching out its holdings of BUSD in the Secure Asset Fund for Users (SAFU) with …
Binance Converts $1B BUSD to Other Digital Currencies
Binance, the world’s biggest cryptocurrency exchange, recently converted Binance USD (BUSD-USD) worth about $1 billion into other …
Coinbase disables trading for BUSD
The company said its decision to disable trading for BUSD would apply to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange and Coinbase Prime.
Binance Flaunts Crypto Edge Over Banks With Speedy $1B Transfer: ‘Took 15 Seconds And Costs $1.29’
Binance CEO Changpeng Zhao on Sunday said the exchange will convert over $1 billion Industry Recovery Initiative funds from BUSD (CRYPTO: BUSD) to Bitcoin (CRYPTO: BTC), Binance Coin …
Jewish families ask BUSD to move high school graduation to preserve Sabbath
District leaders say graduation will remain on Saturday this year, but they will try to move it in future years.
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
Crypto borrowing and lending platform Aave is moving closer to offboarding Binance’s troubled stablecoin BUSD.
Binance Likely Looking at TUSD as BUSD’s Replacement After Regulatory Action
Binance USD (BUSD) has been in a freefall, as its market cap has nearly halved. Yet, BUSD remains the third largest stablecoin out of the total $135.8 billion market stablecoin pool. This speaks …
Market Cap for Binance Stablecoin BUSD Plummets 43% in 30 Days
Just as the market cap for Binance’s stablecoin BUSD has plunged double digits in the past month, another competitor is on the rise.
Binance USD records less than $10 billion market cap over regulatory issues
Binance USD (BUSD) market cap has dropped underneath $10 billion for the first time in around two years. It is believed that United States took regulatory actions on its token issuer and arranged …
BUSD/USD – Binance USD US Dollar
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all …
Why stablecoins like BUSD are under pressure?
Before reading the article, sign up for Cryptogram, a free weekly newsletter on Web3 and crypto. * indicates required Email Address * Name Stable coins are generally cryptos designed to have a …
Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns
The exchange previously said it made the move because BUSD didn’t meet its listing standards, without going into any detail.
Is BUSD a Security?
The post Is BUSD a Security? by James Wells appeared first on Benzinga. Visit Benzinga to get more great content like this. The cryptocurrency world is buzzing as the U.S. Securities and Exchange …