Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,265,418,549,623.22
  • 24h Vol: $52,697,212,174.79
  • BTC Dominance: 56.44%

BUSD

coinbase-to-suspend-trading-of-busd-amid-regulatory-crackdown

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

Leave a Comment / Binance, Bitcoin, BUSD, BUSD Coinbase, circulating supply, Coinbase, Coinbase BUSD, Crypto Hacked, Crypto Supporters, Cryptocurrency, Cryptocurrency Exchange, cryptocurrency market, Delist, delisting, Ethereum, Impact, listing standards, March 13, Market Capitalization, News, NYDFS, Paxos, regulatory crackdown, reserve portfolio, SEC, Stablecoin, suspension, timing, token contract, Trade Suspension, trading, USDC, valuation, Value, Wallets, wells notice, wider market / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that […]

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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

Leave a Comment / Altcoins, Asset, Asset Management, Binance, Binance BUSD, Bitcoin, Blockchain, BUSD, Circulation, CoinGecko, Crypto, Crypto Hacked, Cryptocurrency, Decentralization, Digital Currency, dogecoin, Dominance, Ethereum, Exchange, Fiat, Market Cap, Parity, Paxos, Portfolio, redemption, Stablecoin, stablecoin assets, Stablecoins, Tether, Top Ten, trading, Trading Volume, Turkish Lira, US Dollar, USDT / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme

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binance-increases-usdc-holdings-as-busd’s-market-cap-slides-lower

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

Leave a Comment / Auto-Conversion, Balances, Binance, Binance USDC, Bitcoin, Blockchain, BUSD, Crypto asset, Crypto Hacked, Cryptocurrency, DAI, Digital Assets, Digital Tokens, digital wallets, ERC20, Ethereum, Finance, Fintech, holdings, Market Cap, Market Capitalization, market fluctuations, Market Trends, Nansen, News, Paxos, portfolio viewer, redemptions, Stablecoin, Top Ten, trade volume, tusd, USDC, USDT, Virtual Currency, Wazirx / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by

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sec-clampdown-has-crypto-space-abuzz,-pantera-capital-says-we’re-in-bull-market,-and-much-more-—-week-in-review

SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review

Leave a Comment / Bitcoin, Bull Market, BUSD, Crypto Hacked, Cryptocurrency, do kwon, Ethereum, gensler, Kraken, Market Cycle, Op-Ed, Opinion, Pantera Capital, Paxos, SEC, South Sudan, staking, terraform labs, The Weekly, U.S. dollar / / / , , , , , , , , , , , , , , ,

There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization. In other news, South Sudan

SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review Read More »

binance-ceo-warns-of-‘profound-impacts’-on-crypto-industry-if-busd-is-ruled-as-a-security

Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security

Leave a Comment / Altcoins, Binance, Binance BUSD, Binance Paxos, Binance SEC, Bitcoin, BUSD, Changpeng Zhao, Crypto Hacked, Cryptocurrency, CZ, Ethereum, SEC lawsuit BUSD, SEC lawsuit Paxos, SEC Paxos / / / , , , , , , , , , ,

Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following

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paxos-receives-wells-notice-from-sec,-nydfs-orders-issuer-to-stop-minting-busd

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

Leave a Comment / $16.1 billion, $492 million, $898.16 million, 5 billion, 9, alleged violations, Binance, Binance USD, Bitcoin, BUSD, circulating supply, Crypto Hacked, Cryptocurrency, enforcement action, Ethereum, financial institution, founded, investor protection laws, ItBit, limited-purpose trust charter, Market Capitalization, monitor, News, NYDFS, PAXG, Paxos, Paxos Trust Company, probe, redemptions, SEC, securities regulator, situation, Stablecoin, stablecoin issuers, Supply, technology company, unregistered security, USDP, wells notice, year-to-date statistics / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its

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stablecoin-market-in-flux:-more-than-$2-billion-in-usdc-redemptions-in-30-days

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

Leave a Comment / 12.9%, 8 out of 10 trades, 81.4%, Altcoins, Bitcoin, BUSD, Circulation, contrasting picture, crypto economy, Crypto Hacked, Cryptocurrency, DAI, Decrease, dominant, Ethereum, FRAX, future, GUSD, increase, Market Capitalization, Monitoring, overall valuation, redemption, regulatory challenges, Stablecoin, stablecoin assets, Stablecoins, Statistics, Tether, third-largest, Top Ten, trade volume, trends, tron, tusd, usd coin, USDC, USDD, USDP, USDT, Value / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time

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