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Binance
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos' BUSD stablecoin to tether.
Binance Says BUSD ‘Funds Are Safu’ but a Regulatory Cloud Is Forming Over the US
February has been a great month for the narrative that crypto’s natural home is in Asia.
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Paxos also faces a probe from the New York Department of Financial Services.
Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?
Insiders, experts and the rhetoric of officials suggest a reckoning with the government is inevitable for the big exchanges, and this week’s action against Kraken could be just the beginning.
Binance Seeks Lobbyist as EU Finalizes Crypto Rules
The leading crypto exchange wants to extend its influence into the increasingly regulated bloc.
Crypto-Focused Custodia Bank Denied Federal Reserve System Membership
Two weeks ago, Caitlin Long-founded Custodia Bank (formerly Avanti Bank), which is not yet in operation, learned the U.S. Federal Reserve Board had denied its application for membership, which would have formalized an association with the general reputation of the U.S. central bank. This comes amid continued Binance woes. "The Hash" hosts discuss why this is potentially alarming for crypto banking and the larger industry.
Binance Plans to Set Up Crypto Consortium to Rebuild Industry Trust: Source
Binance, the world’s largest cryptocurrency exchange by trading volume, is helping assemble a consortium of crypto companies with a view to rebuilding trust in the industry and is taking on an active role in coming regulations, according to a person with knowledge of the plans. "The Hash" panel discusses the latest move from Binance and the potential outcomes.
Aspiring Crypto Bank’s Plight Shows Binance’s Issues Are Just Part of the Story
Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined.
Crypto Derivative Volumes Saw Speedy Growth as Prices Rose in January
The numbers suggest speculation, not accumulation, was behind sizable gains for bitcoin and ether, according to a report.
