Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies. Paxos Trust Co. was ordered on Monday to stop issuing its U.S. dollar-pegged Binance USD (BUSD) stablecoin by New York authorities and it reportedly faces an SEC investigation. BNB, the native currency of Binance the world’s largest crypto exchange, had the biggest drop on the list. (forkast)
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Markets: Bitcoin Rises Amid Market Jitters as Paxos Stablecoin Issuer Next Regulator Target after Kraken Clampdown
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