SEC will not pursue enforcement action against Paxos

The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.

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Court allows most SEC claims to proceed in Binance suit

Judge Amy Berman Jackson, however, dismissed the SECs claim that BNB is traded illegally on secondary markets, citing the Ripple decision.

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BUSD deposits and withdrawals via OCBS suspended on Binance.US

Amid the ongoing uncertainty around the global banking turmoil, Binance’s United States-based arm Binance.US is halting some services. According to Binance.US status dashboard, the U.S. crypto exchange on March 31 disabled Binance USD (BUSD) stablecoin pairs via One Common Billing System, referred to as OCBS. The affected services include BUSD crypto deposits and withdrawals, or [...]

The post BUSD deposits and withdrawals via OCBS suspended on Binance.US appeared first on Crypto Breaking News.

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USDT market share jumps amid economic uncertainty, USDC shrinks

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle’s USD Coin (USDC) has seen its market share [...]

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U.S. Federal Judge Rejects Binance’s Bid to Restrict SEC’s Language in Binance U.S. Press Releases

U.S. Federal Court Judge Amy Berman Jackson just dismissed Binance’s request to limit SEC’s use of language concerning Binance.US’s management of customer funds in press [...]

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3.1 Trillion Shiba Inu at Serious Selloff Risk, Here’s Why

Binance.US recently backed out of the deal to acquire Voyager’s assets, including over 3.1 trillion Shiba Inu tokens, leaving them at risk of a selloff. The crypto space might see over 3.1 trillion Shiba Inu (SHIB) tokens dumped into the market along with other tokens, as Binance.US, the American counterpart of Binance, recently pulled out […]

The post 3.1 Trillion Shiba Inu at Serious Selloff Risk, Here’s Why first appeared on The Crypto Basic.

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SEC’s war on crypto: How far will it go?

The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome.

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Binance.?US enables Web3 domain creation for American users

Binance users based in the United States are now able to create Web3 domains that serve as digital identities in a new partnership with Unstoppable Domains.

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Falling Stablecoin Market Cap Signals Trouble Ahead

Stablecoin market faces decline, Tether dominates, USDC and BUSD see significant contractions.

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Stablecoin Market Slumps for 14th Consecutive Month

Stablecoin market shrinks for the 14th month, raising concerns for cryptocurrency prices and liquidity.

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Binance.US Finally Lists Floki Inu Amid Massive 33% Rally

The listing from Binance.US marks one of the most significant developments surrounding the Floki Inu ecosystem in recent times. Floki Inu (FLOKI) has just received a massive boost, as Binance.US, the third largest crypto exchange in the United States, recently declared support for the asset. The significant development brings Floki one step closer to global […]

The post Binance.US Finally Lists Floki Inu Amid Massive 33% Rally first appeared on The Crypto Basic.

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Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars

The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities and Exchange Commission (SEC), informed customers, however, that withdrawal services are likely to be discontinued again. Binance US May [...]

The post Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars appeared first on Crypto Breaking News.

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Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’

A mainstream report citing multiple insiders claimed that Binance mingled customer’s funds with corporate funds at Silvergate Bank.

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Binance US Market Share Shrinks Amid Legal Battle With SEC

The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops to 1.5%, According to Kaiko The litigation with [...]

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Bitcoin Hits $138,000 On Binance US, What Happened?

The Bitcoin price has been experiencing a sharp rally since last Thursday, when BlackRock filed its application for a Bitcoin spot ETF. Since hitting its local low of $24,819 right along the Tether FUD, the BTC price has risen by over 16% since the BlackRock news broke. Bitcoin Hits $138,070 On Binance US However, this [...]

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Binance to Dump $1B BUSD for BTC, ETH, BNB… Here’s Why

All you need to know about Binance’s latest move to move some $985 million into crypto.

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Curve Finance trading volume reaches $7B historic high after USDC depeg

Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty across markets and depegged the USD Coin (USDC) from the U.S. dollar.  Looks like we have the biggest daily trading [...]

The post Curve Finance trading volume reaches $7B historic high after USDC depeg appeared first on Crypto Breaking News.

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Circle’s USDC instability causes domino effect on DAI, USDD stablecoins

The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s $40 million transfer request. Given USDC’s collateral influence, major stablecoin ecosystems followed suit in depegging from the dollar. Dai (DAI), a stablecoin [...]

The post Circle’s USDC instability causes domino effect on DAI, USDD stablecoins appeared first on Crypto Breaking News.

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What Will Happen to Binance if SEC Manages to Kill BUSD: Experts’ Take

US regulatory agencies labeling BUSD as an "unregistered security" has caused a stir in the industry.

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Binance Stablecoin BUSD Falls Below $10 Billion Market Cap for First Time

BUSD has lost considerable market share to competitors USDC and USDT as its market cap continues to tumble.

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