SEC Lawsuit Against Paxos Over BUSD Baffles Crypto Community
Paxos and Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.
Binance Sticking With BUSD for Now, Ready To Explore Options
Binance will continue to support Binance USD, although the exchange is ready to adjust and potentially move away from using the stablecoin as its main pair for trading.
Binance CEO “CZ” Breaks Silence On US SEC’s Crackdown On BUSD
U.S. Securities and Exchange Commission’s (SEC) latest probe against Paxos, the issuer of Binance USD (BUSD), has left the crypto industry triggered. However, Changpeng Zhao (CZ), CEO of Binance came forward to clear the air over the probe.
Binance Coin Dumps Below $300 Following News From US Regulators
Binance Coin has dropped by over 5% in the past 24 hours following the news regarding BUSD and Paxos.
Paxos Trust Co. Gets Wells Notice From SEC Over BUSD Token
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company. This is with regard to its suspicion of the entity having violated investor protection laws. As per information from reliable sources, this happens to be in accordance with the SEC’s ongoing campaign involving the enforcement of crypto.
CZ：Ignore FUD, BUSD Is NOT Issued or Redeemed by Binance
According to CZ's Twitter：BUSD, even though called Binance USD, is NOT issued or redeemed by Binance.
Paxos Will No Longer Issue Binance USD Stablecoin
The New York Department of Financial Services (NYDFS) ordered crypto infrastructure firm Paxos to stop issuing the stablecoin Binance USD (BUSD), a Binance spokesperson told The Block.
Binance Adds zk-SNARK Verification to Its Proof of Reserves System
Binance has upgraded its proof-of-reserves (PoR) system with zk-SNARK verifications, a form of zero-knowledge proofs that preserves the privacy and security of sensitive user information.
SEC To Sue Crypto Trust Co. Paxos Over Binance Stablecoin
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall Street Journal reported Sunday.
Binance Has Reverted Withdrawal Fees on the TRON (TRX) Network to Previous Levels
Following feedback from the community on the adjustments made to withdrawal fees on TRON (TRX) network, Binance has worked with the TRON (TRX) project team to arrive at a solution for reducing withdrawal fees on TRON (TRX) network.As such, Binance has reverted withdrawal fees on the TRON (TRX) network to previous levels, effective from 2023-02-11 14:30 (UTC).
