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Tag: Pax dollar

Here’s When Paxos Will Stop Minting Binance USD (BUSD)

The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21.  Despite this,...

SEC to File Lawsuit Against Paxos for Issuing Binance USD

17 mins ago | 2 mins read Exchange News As per reports, the SEC...

Kraken’s staking down, FTX post-bankruptcy hell and Binance news: Hodler’s Digest, Feb. 5-11

Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking...

Stablecoin issuer Paxos probed by New York regulator

Paxos Trust, the issuer of Binance’s BUSD stablecoin, is reportedly being investigated by the New York State Department of Financial Services (NYDFS).See related article:...

Stablecoin Economy Sheds Another $3 Billion in 44 Days

The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44...

Binance’s $BUSD Sees Market Cap Plunge by $2 Billion as Tether’s Market Share Rises

The stablecoin of leading cryptocurrency exchange Binance, $BUSD, has seen its market capitalization plunge by $2 billion after reports of its past mismanagement surfaced,...

What is Unit Protocol?

Due to the inherent volatility of the crypto market, stablecoins are instrumental in transferring on-chain value and securing loans. Unit Protocol is a decentralized finance...

5 Top Stable Coins To Add To Your Portfolio This Week

Many investors are being saved by stablecoins from the almost inevitable volatility of the cryptocurrency market. Investors buy stable coins every day because...

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...

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion...

How to Use and Spend Stablecoins

Cryptocurrency is known for price volatility, which can see the value of a coin rise or fall significantly over a short period. The exception...

SBF sent home, FTX heads plead guilty, and Binance gets Voyager assets: Hodler’s Digest, Dec. 18-24

Top Stories This Week SBF sent home after his parents put up their house to cover his astronomical bail bond Sam Bankman-Fried will spend...

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