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Cryptocoins News / The Cointelegraph ​ - 3 years ago

Stablecoins not the target in BUSD crackdown: Matrixport head of research

Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos. Crypto...

Bitcoin News / Bitcoinist - 3 years ago

How This Company “Snitched” On Binance To Get An Advantage In Stablecoin Race

Per a report from Bloomberg, crypto exchange Binance’s recent issues with U.S. regulators were triggered by Circle. The company behind stablecoin USD Coin (USDC) allegedly issued a complaint to the New York State Department of Financial Services in 2...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Paxos to stop minting BUSD stablecoins for Binance

All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company until at least February 2024, Paxos said. Blockchain infrastructure platfo...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Binance to support BUSD while exploring non-USD stablecoins, CZ says

Binance CEO Changpeng “CZ” Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators....

Cryptocoins News / EthereumWorldNews - 3 years ago

SEC Targets Binance Stablecoin, Paxos To Stop Minting BUSD

Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services.The order coincided with the SEC’s plans to sue Paxos for selling unregistered securities in BUSD.CEO of the crypto exchange, Ch...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Are stablecoins securities? Well, its not so simple, say lawyers

One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging and staking opportunities. Recently report...

Bitcoin News / Bitcoin.com - 3 years ago

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on F...

Cryptocoins News / CoinJournal - 3 years ago

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge cr...

Cryptocoins News / EthereumWorldNews - 3 years ago

PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto

Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators.& The fintech giant had partnered with Paxos for its stablecoin.& Paxos is facing a probe by the New York Department of Financial...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

JPMorgan sees advantages in deposit tokens over stablecoins for commercial bank blockchains

Research from JPMorgan Chase explores the potential of deposit tokens as a stabilizing force in the digital money landscape. JPMorgan Chase and consultants Oliver Wyma...