Binance


Markets

Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry

Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.

(Antonio Masiello/Getty Images)

Consensus Magazine

Coins of War: How Crypto Keeps Feeding Russia's War Despite Sanctions

Russian troops in Ukraine are receiving millions in crypto donations. CoinDesk investigates how these funds are flowing and talks to fundraisers.

(IherPhoto/Getty Images)

Markets

First Mover Americas: Paxos Acts on Regulator Threat

The latest price moves in crypto markets in context for Feb. 13, 2023.

SEC Chair Gary Gensler (Getty Images)

Finance

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.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

Finance

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.

Stop Sign

Policy

SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ

Paxos also faces a probe from the New York Department of Financial Services.

Paxos CEO Charles Cascarilla at Invest 2018 (CoinDesk)

Policy

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.

U.S. Securities and Exchange Chairman Gary Gensler (Alex Wong/Getty Images, modified by CoinDesk)