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 [...]

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 [...]

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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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Weekly Crypto Investment Product Outflows Hit $32M: CoinShares

Rising crypto prices have pushed AuM to the highest level since August 2022.

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Allbridge Core has Integrated Polygon

Allbridge, a cross-chain solution provider, has recently integrated Polygon with its stablecoin swap platform, Allbridge Core.

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Binance sees surge in withdrawals amid spooked investors

Investors have pulled billions from Binance in the past day due to US Securities and Exchange Commission and New York Department of Financial Services action against BUSD and Paxos. (Read More)

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Binance, Circle, and Paxos Receive Regulatory Scrut

Stablecoin issuer Circle supplied the NYDFS blockchain evidence claiming Binance's reserves were inadequate to sustain its currency. (Read More)

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