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Tag: Binance’s BUSD

BUSD Reserves Drops to Lowest Levels Since December 2021

BUSD Reserves have dropped to the lowest levels since December 2021. The NYDFS orders Paxos to stop producing Binance’s BUSD stablecoin. BUSD users...

Binance to Pay Monetary Penalties to Resolve US Probe: Report

Crypto exchange Binance expects to pay penalties to settle with U.S. investigators who are looking into its business. In a Wednesday report from The Wall...

Top 10 Crypto Investments for 2023!

<!-- --> Well, folks, it’s 2023 and we have all made it through the brutal nightmare that was 2022 alive. Time...

Binance’s BUSD stablecoin has not always been fully collateralized: report

Binance Global, the world’s largest crypto exchange, has acknowledged flaws in its systems that under-collateralized its BNB Smart Chain-based BUSD stablecoin by up to...

People want to see regulated firms that have major global accounting firms, says Circle’s CEO

Jeremy Allaire believes it is important for more crypto companies to become SEC-registered. He added that there...

The FTX Saga: From Hero to Zero

The crypto space is under siege shortly after Three Arrows Capital, as well as the LUNA and TerraUSD collapse. FTX is the...

Bleeding out: October and November 2022 on-chain report

After several months of headwinds for the crypto space, the historical collapse of Sam Bankman-Fried’s FTX crypto exchange in early November added fuel to...

After Buying $500 Million Of Bitcoin, What Will Luna Do With It?

Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?

Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion

As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9% during the last 30 days. The […]

Regulators Should Embrace Stablecoin Technology

Randal K. Quarles, Governor at the U.S. Federal Reserve, says that regulators should promote, not stifle innovation in the digital asset space. In a speech delivered at the American Enterprise Institute in Washington, D.C., Quarles frankly stated that the Fed and other bodies need to “welcome responsible innovation,” and create a regulatory environment that “not […]

The post Regulators Should Embrace Stablecoin Technology appeared first on Coin Bureau.

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