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 [...]

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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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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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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 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 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 [...]

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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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As BUSD’s Woes Continue, Could Binance Be Pivoting to TUSD?

Stablecoins have been in the crosshairs of regulators recently, with Binance’s BUSD Stablecoin drawing the ire of the SEC.

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Coinbase Delists BUSD: Blow to Binance in ‘Stablecoin Wars’

Coinbase delisted beleaguered BUSD token, with others likely to follow.

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Coinbase Suspends BUSD Trading for Failing to Meet Listing Standards

Users can still withdraw their BUSD, but trading for the stablecoin ends next month.

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Coinbase to Halt Binance Stablecoin (BUSD) Trading

Despite planning to halt BUSD trading by next month, Coinbase said users would have complete access to their Binance stable coin funds. San Francisco-based cryptocurrency exchange Coinbase has announced that it will suspend trading for Binance USD (BUSD), the stablecoin of the world’s largest cryptocurrency exchange, Binance. In a tweet today, Coinbase said it would […]

The post Coinbase to Halt Binance Stablecoin (BUSD) Trading first appeared on The Crypto Basic.

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Is the SEC’s action against BUSD more about Binance than stablecoins?

The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.

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Paxos Discusses BUSD Stablecoin With SEC Following Wells

Paxos CEO Charles Cascarilla said the business was "engaged in productive negotiations" with the SEC and will continue to communicate privately. (Read More)

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BUSD Stablecoin Market Shrinks by 3 Billion in Six Days

The stablecoin industry has been focused on the developments surrounding BUSD.

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