Tag: BUSD
This Altcoin Has Complained Binance and BUSD! – Cryptokoin.com
The cryptocurrency market was shaken today by the New York Department of Financial Services action regarding Binance USD (BUSD), the stablecoin of the world’s largest cryptocurrency exchange Binance. Now, interesting…
New York Regulator Explained: Why Paxos Was Given a Stop Order for BUSD?
According to a press release by a spokesperson for the New York Department of Financial Services (NYDFS), Paxos Trust Company did not do what was necessary to prevent the abuse…
Will SEC Attack This Stablecoin After BUSD? VanEck Analyst Commented!
of the SEC cryptocurrency After the BUSD stablecoin, backed by Binance and issued by US-based Paxos, was halted for alleged security, eyes were turned to other stablecoins that could receive…
These Altcoins Might Be Next After BUSD! – Cryptokoin.com
Binance, the world’s largest cryptocurrency exchange, is targeted by US regulators. The United States Securities and Exchange Commission (SEC) order to Paxos on Binance USD (BUSD) was another setback for…
Hot Development: Source of FUD Revealed, This Rival Stablecoin Complained Binance and BUSD!
With the FUD wave on Binance today, Paxos announced that it will stop issuing the BUSD stablecoin. It turned out that a rival stablecoin company was behind this incident. The…
Will Aave Freeze BUSD Reserve?
Allows cryptocurrency users to lend and borrow money from others decentralized finance (DeFi) A new development took place in the project Aave. A member of the Aave community said on…
Official Statement from Paxos: Ends BUSD Issuance
Despite the regulators’ decision to stop the production of BUSD, the stablecoin’s issuer Paxos made detailed statements, while BUSD lost some stability. Paxos announced on its official blog site on…
Detailed Statement About BUSD From Binance CEO
Changpeng Zhao (CZ), CEO of Binance, the world’s largest cryptocurrency exchange, made detailed statements about the news that Paxos’ BUSD production will be stopped. Binance CEO CZ recently posted on…
New Development in BUSD and Paxos Incident That Dropped Bitcoin!
Paxos made a statement after the New York Department of Financial Services (NYDFS) orders for BUSD. According to the statement from BUSD issuer Paxos, the company will terminate its relationship…
Paxos Instruction From New York Regulator To Stop BUSD Issuance
The New York Department of Financial Services (NYDFS) has requested stablecoin issuer Paxos to cease issuance of Binance USD (BUSD). The Wall Street Journal (WSJ) reported on February 13 that…
CZ Responded to Claim of “SEC Sues Paxos for Listing BUSD”!
According to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC), Binance USD (BUSD) for listing the coin to Paxos plans to sue and claims it is an…
Hot Development: BUSD Dealer Paxos Under Review In New York
According to information obtained by CoinDesk, the New York Department of Financial Services (NYDFS) stablecoin issuer cryptocurrency company Paxos is investigating. Paxos Subject to Investigation Is the Issuer of USDP…
Binance TR Announces Launching Commission-Free BUSD Trading Pair for Five New Altcoins!
world’s largest cryptocurrency Binance TR, the Turkish branch of the Binance stock exchange, announced in its official statement that it has launched the BUSD trading pair for five altcoins, which…
Another Shock to Binance: BUSD Struggling With Troubles!
Crypto exchange giant Binance‘s BUSD stablecoin continues to lose market share after news such as mismanagement issues surfaced earlier this month. According to CoinGecko, the circulating supply of BUSD fell…
Binance’s stablecoin continues to melt in BUSD! Here’s the Cause of the Latest Setback!
Cryptocurrency price tracker to CoinGecko according to, BUSDcirculating supply of $15.4 billion decreased by $1 billion last week and $2 billion in a month. According to cryptocurrency price tracker CoinGecko,…
Binance Adopts Bloomberg’s BUSD FUD: No Problems Now!
Binance has acknowledged that there have been such problems in the past, while denying that its native stablecoin Binance USD (BUSD) is currently experiencing collateralization problems. Bloomberg reported Jan. 11…
FUD-Creating Claim About Binance and Stablecoin BUSD from Bloomberg!
According to Bloomberg, the world’s largest cryptocurrency Binance, the exchange, acknowledged past flaws in the management of stablecoin reserves, which at times led to more than $1 billion in collateral.…
$3 Billion Drop in BUSD Supply on Ethereum Network!
The supply of Binance USD (BUSD) on the Ethereum network (ERC-20) has dropped close to 20% in the last 24 hours. Blockchain analytics platform According to data released by ChainEye…
The Second Stablecoin War Has Begun: Binance USD (BUSD) Triggered Rapid Rise
FTX CEO Sam Bankman-Fried stated that the second stablecoin war has begun and this war is between Binance USD (BUSD), Tether (USDT) and USD Coin (USDC). FTX CEO Bankman-Fried twitter…
Binance USD (BUSD) Increases Market Share!
world’s largest cryptocurrency exchange Binance’s native stablecoin BUSDcontinues to gain market share from its competitors in recent weeks. While the crypto markets are down, the competition in the stablecoin market…