Binance usd

In the wake of the heightened regulatory uncertainty, some observers expect bitcoin to revisit the former resistance-turned-support near $25,000. Plus, data from CryptoQuant shows that Binance USD (BUSD) endured over $500 million in outflows in the roughly 24 hours since the CFTC filed a lawsuit against the crypto exchange and CEO Changpeng Zhao.

Mar 28, 2023

Markets

Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.

By Krisztian SandorMar 3, 2023

Coinbase says it plans to suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards. Lumida CEO and co-founder Ram Ahluwalia shares his analysis. "I believe that regulators are focused on limiting fiat ramps and trying to control exposure to Binance," Ahluwalia said.

Feb 28, 2023

Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange announced in a tweet Monday. The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime. Users will still be able to access their BUSD funds and withdraw them at any time, Coinbase said. Lumida CEO and co-founder Ram Ahluwalia shares his reaction and outlines potential regulatory implications.

Feb 28, 2023

Binance USD (BUSD), the third-largest stablecoin by market cap, quickly dropped to a low of $0.20 against the DAI stablecoin on Wednesday morning as liquidity dried up on the Binance crypto exchange. "First Mover" hosts weigh in on the price action.

Feb 22, 2023

Policy

NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target.

By Nikhilesh DeFeb 15, 2023

TuongVy Le, Bain Capital Crypto Partner and Head of Regulatory and Policy, reacts to Paxos saying that it has received a Wells Notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security. Plus, the potential implications for Kraken halting all U.S. staking operations as part of a $30 million settlement with the SEC.

Feb 14, 2023

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.

Feb 13, 2023

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.

Feb 13, 2023

Bitcoin slipped below $22,000 as stablecoin issuer Paxos announced the company would stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS). This comes after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Tastycrypto Head of Digital Assets Ryan Grace discusses how this will impact the market sentiment.

Feb 13, 2023