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Binance
U.S. Court Calls ETH a Commodity; Binance to 'Gradually' End Support for BUSD Products
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today. Elon Musk's social media platform, X, obtains money or currency transmitter licenses in seven U.S. states. A New York court is classifying ether and bitcoin as "commodities", what it means for a proposed class action lawsuit against Uniswap. Plus, the timeline for Binance ending support for its BUSD stablecoin.
Binance to 'Gradually' End Support for BUSD Products
The move follows Paxos' decision to halt minting of new BUSD.
Breaking Down Huobi and Binance's Market Share
According to Kaiko data, Huobi’s market share has surged from 2-3% to 19% in just a couple of months. In the same time period, trade volume on the platform has seen a significant increase, despite rumors of insolvency and executive detentions sparking outflows at the beginning of August. Meantime, Binance losing some market share as it faces a lawsuit from the SEC. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling
This week in blockchain tech: Polygon's new "chain development kit," Farcaster's move to Optimism, Shibarium's return and Interlay's new Bitcoin layer-2 network, and Pancake Swap expands to Consensys's Linea.
SEC's Secret Binance Court Filing Has Observers Bracing for Bad News
The Securities and Exchange Commission late Monday filed a sealed motion in its case against Binance that includes more than 35 exhibits.
Binance to Offer 'T+3' Daily BNB/USDT Options
The new T+3 BNB/USDT options will have a trading lifetime of three days.
Mastercard and Binance Cutting Ties on Crypto Card Is 'Big News:' Vanderbilt Law School Associate Dean
Mastercard is ending its crypto card program with Binance in Argentina, Brazil, Colombia, and Bahrain, effective September 22. Vanderbilt Law School associate dean and professor Yesha Yadav discusses the industry implications and why this is "big news for Binance." Plus, Yadav's take on the future of crypto payments at large and what to make of the latest developments around FTX's bankruptcy case.
Binance’s Belgian Customers to Use Polish Entity in Bid to Escape Regulators’ Ban
National financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc
Visa and Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts
The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S.
Powell Says Fed Is 'Prepared to Raise Rates'; Mastercard, Binance Back Away From Crypto Card Partnership
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Federal Reserve Chair Jerome Powell addresses the current state of inflation at the Kansas City Fed’s Jackson Hole Economic Policy Symposium. Mastercard and Binance are ending their crypto card partnership. Plus, customer data of bankrupt crypto exchange FTX, Genesis and lender BlockFi have been compromised due to a hack.