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BUSD
Binance Will Cease Support for Its BUSD Stablecoin on Dec. 15
The exchange announced earlier this year that it would “gradually” end support for the stablecoin.
If PayPal's Stablecoin Is a Security, Anything Could Be
Former BUSD manager Austin Campbell said the SEC’s subpoena over PYUSD beggars reason.
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.
Off to the Races: Crypto Community Flirts With Hamster Race Betting
Blockchain-based platform Hamsters.gg is putting hamsters to the race track, where crypto traders can place BUSD-based bets on who wins. Star hamster racers like “Rocky” and “Buster” are already drawing bets of up to $500 per race. "The Hash" panel discusses how crypto traders have found a novel way to generate returns as bitcoin (BTC) remains flat and the decentralized finance (DeFi) sector fails to fully shake off the bear market lull.
Centralized Stablecoins Are Problematic. Is a Decentralized Alternative on the Way?
USDC and USDT both have issues that truly decentralized, blockchain-based protocols are designed to solve.
Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada
The company joins others that have decided to depart from the country in the face of increased regulatory requirements.
How CFTC-Binance Lawsuit Could Impact Bitcoin; Binance’s BUSD Stablecoin Suffers $500M in Outflows
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.
Binance's BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit
Some analysts say the exchange's recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD.
Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head
Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.
