SEC said in a court filing that Binance.US has produced only 220 documents during the discovery process many of which were “unintelligible screenshots and documents without dates or signatures.”
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Paxos has earlier said it will halt support of Binance’s stablecoin by February 2024, now the exchange has said it will also stop support by that time.
Binance sold USDC for another stablecoin — Coinbase CEO
Binance has been experimenting with relatively lesser-known stablecoins after a pause on BUSD.
BUSD falls to fourth position among stablecoins
After a dip of over $1 billion in the past 30 days, BUSD now sits at the fourth position in market capitalization among stablecoins.
Binance v SEC: Crypto industry debates ‘Tai Chi’ vs ‘Operation Chokepoint 2’
The SEC lawsuit comes within months of the CFTC lawsuit against Binance mounting its regulatory woes in the U.S.
SEC’s Binance suit contains heavy mix of predictable charges, novel revelations
The world’s largest cryptocurrency exchange has been hit with an SEC suit that many saw coming, but the details will be studied closely.
Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps
At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.
USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle’s USD Coin has seen its market share decline from 34.88% to 23.05%. Tether’s USDT shows a contrasting picture.
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
A mainstream report citing multiple insiders claimed that Binance mingled customer’s funds with corporate funds at Silvergate Bank.
SEC’s war on crypto: How far will it go?
The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission’s ongoing crypto crackdown, its rationale, and the potential outcome.
Tether market cap eyes record high after regaining 65% stablecoin dominance
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle.
Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins.
BUSD deposits and withdrawals via OCBS suspended on Binance.US
Binance.US said it temporarily disabled One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits.
Binance replaces BUSD in SAFU Fund with TUSD & USDT
Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses.
Coinbase disables trading for BUSD
Coinbase assured users that their BUSD funds would remain accessible and they could still withdraw funds at any time.
Curve Finance trading volume reaches $7B historic high after USDC depeg
The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar.
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Chatcasso won first prize in the BNB Chain hackathon for its AI-powered NFT creation tool.
Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting
Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.
Is the SEC’s action against BUSD more about Binance than stablecoins?
The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.