Por: MarketWatch Business February 13, 2023
On Monday, Paxos Trust had been ordered by the New York Department of Financial Services to cease minting new BUSD tokens. Paxos confirmed it will stop the issuance of BUSD tokens effective Feb. 21 but continue to manage BUSD dollar reserves. “BUSD will remain fully supported by Paxos and redeemable to onboarded customers through at least February 2024,” the company said in a statement. The BUSD token was trading just below parity on Monday,... + full article
Forbes USA Business February 21, 2023
(Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images Key takeaways The SEC has turned its attention to stablecoins. It allegedly has plans to sue Paxos, a blockchain provider that runs the third-largest stablecoin BUSD, for not registering the product as... + más
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market | CNBC
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CNBC USA Tech February 20, 2023
Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin.Jakub Porzycki Nurphoto Getty ImagesThe U.S. Securities and Exchange Commission could be gearing up to take action against Paxos, a company that issues a type of cryptocurrency called... + más
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MarketWatch USA Business February 15, 2023
Binance’s largest single-day outflow came in December, with the amount of funds leaving the exchange totaling as much as $3 billion in a 24 hour period from Dec. 13 to Dec. 14, as crypto exchange FTX’s collapse in November shook investors confidence in the space, noted... + más
Crypto firm Binance ‘paused’ withdrawals after $1.9B taken out in 24 hours: data firm | New York Post
Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao | CNBC
Forbes USA Business February 14, 2023
Binance coin fell in value as markets responded to the latest developments. (Photo Illustration by ... [+] Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Binance coin, which trades under the ticker symbol BNB, declined to its... + más
MarketWatch USA Business February 13, 2023
On Monday, Paxos Trust had been ordered by the New York Department of Financial Services to cease minting new BUSD tokens. Paxos confirmed it will stop the issuance of BUSD tokens effective Feb. 21 but continue to manage BUSD dollar reserves. “BUSD will remain fully supported... + más
Paxos ordered to cease minting Binance stablecoin by New York regulator | CNBC
The SEC’s Stablecoin Crackdown Could Reshape The Entire Crypto Market | Forbes
CNBC USA Tech February 13, 2023
In this articleChad Cascarilla, CEO of Paxos.Adam Jeffery CNBCCryptocurrency firm Paxos will cease issuing new Binance USD, or, stablecoins under the direction of New York state's financial regulator, Binance founder Changpeng Zhao said Monday. Paxos' own stablecoin... + más
Binance Coin Falls To Lowest Since Mid-January After Regulatory Intervention | Forbes
Crypto exchange Binance hit by major outflows. Here's why | MarketWatch
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