Crypto Exchange Coinbase And Others Disclose Funds In Shuttered Signature Bank
Following the Signature bank crash, many top firms such as Paxos, Coinbase, and Celsius have revealed they had some funds tied up in them.
Binance, Tether, Paxos Say No Exposure to Silicon Valley Bank
Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation.
Paxos Survey Shows 75% of Respondents ‘Confident’ in the Future of Crypto
A recent Paxos survey shows enthusiasm for cryptocurrency in the U.S. despite a volatile year for the burgeoning asset class.
Coinbase Delists Binance’s BUSD As Its Market Cap Shrinks by $6 Billion in Just 2 Weeks
Coinbase, has announced that it will suspend trading of Binance USD (BUSD) on March 13, 2023. The suspension will apply to Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns
Coinbase CEO Brian Armstrong said the exchange decided to suspend trading of Binance USD (BUSD) because the company had concerns about its liquidity.
Coinbase To Halt Trading of Binance’s BUSD for Not Meeting Listing Standards
Coinbase will suspend trading of Binance USD (BUSD) on March 13 at around noon EST.
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
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 coin’s $11.24 billion.
Firm Behind Binance's BUSD Stablecoin in Talks with the SEC
Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the stablecoin a security.
Paxos CEO Offers To Defend Binance USD (BUSD) In Court
Paxos CEO Charles Cascarilla seems to be actively engaged with the U.S. Securities and Exchange Commission (SEC) over the recent order to stop issuing the stablecoin. The company had then said it categorically disagrees with the SEC’s views BUSD was not a security under the Federal securities law. Sticking to the same argument, Cascarilla said in an internal communication that the company would defend its position in courts that BUSD is not a security through litigation.
Paxos Is Holding ‘Constructive Discussions’ With SEC, Ending Binance Relationship
Cascarilla said the decision is because "the Binance relationship no longer aligns with our current strategic priorities" in the evolving market.
