Given the recent development around Binance USD, nearly $2.5 billion of market cap has been eroded in the stablecoin. Changpeng Zhao who is popularly known as CZ, tweeted, "BUSD market cap dropped -$2.45B, and most of it has moved to USDT." Also, Zhao pointed out that USD Coin as well witnessed a decline in market cap by $739 million to …
The cryptocurrency company Paxos has been ordered by The New York Department of Financial Services to stop issuing the stablecoin known as Binance USD, which was followed by a drop in the crypto token’s price, according to The Wall Street Journal. “DFS has ordered Paxos to cease minting Paxos-issued BUSD as a result of several unresolved issues related to Paxos’ …
As of February 13th, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a decline of 0.17% and was trading at $21,853. Bitcoin dropped below the $22,000 level, with Edul Patel, the Co-founder and CEO at Mudrex, attributing the decline to the temporary halt in staking service by the US-based Kraken cryptocurrency exchange and its subsequent $30 million …
The US Securities and Exchange Commission has informed crypto exchange Paxos about its plans to sue the platform for allegedly being involved in violations of investor protection laws. An enforcement staff at the SEC issued a Wells notice to the firm according to people familiar with the matter, reported The Wall Street Journal. In recent times, the SEC has been …
