Binance

Paxos Burns Over $700 Million BUSD After 27 Hours Amid Legal Pressure

Key Points: Stablecoin issuer Paxos has burned more than $700 million in BUSD tokens since Monday. Paxos announced that it…

1 year ago

After Severely Punishing Kraken, Will The SEC Attack BUSD Again?

According to people familiar with the matter, stablecoin issuer Paxos will face a lawsuit by the US Securities and Exchange…

1 year ago

Paxos Treasury Has Destroyed Over 400 Million BUSD Since Complying With Ban

Key Points: Since complying with the cease-and-desist order for Binance Stablecoins (BUSD), Paxos Treasury has destroyed Over 400 million BUSD.…

1 year ago

Gemini’s Former COO Perlman Joins Binance Amid Increased Regulatory Scrutiny

Key Points: Perlman started at Binance in January, following a slump in digital assets and blowups like that of rival…

1 year ago

Binance Will Continue To Use BUSD For The Time Being But Is Open To Other Solutions

Key Points: Despite Paxos Trust Company, the Binance stablecoin's issuer, being subject to a stop order from American regulators, cryptocurrency…

1 year ago

Coinbase CEO Visits Washington To Push For Clearer New Rules Targeting The Crypto Industry

Key Points: Following enforcement steps this month against Kraken and Paxos, Coinbase CEO Brian Armstrong said he was in Washington…

1 year ago

BUSD Drops 8% After Paxos Announcing To Cease BUSD Stablecoins

Key Points: Binance's BNB plummeted below $290, an 8% decline. Paxos indicated that it would cease issuing new BUSD stablecoins…

1 year ago

Binance Confirms It Has Been Told By Paxos To Stop Minting New BUSD Tokens

Key Points: Binance says it’s been told Paxos to halt minting new BUSD. Paxos will maintain the product, oversee redemptions,…

1 year ago

Understand 4 Ethereum Staking Schemes, And Get Your Staking Income With Peace Of Mind

Recently, Kraken suspended the news of staking, which led to mixed opinions in the crypto community. This article was created…

1 year ago

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