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How CFTC-Binance Lawsuit Could Impact Bitcoin; Binance’s BUSD Stablecoin Suffers $500M in Outflows
In the wake of the heightened regulatory uncertainty some observers expect bitcoin to revisit the former resistance turned support near 25 000 Plus data from Crypto Quant shows that Binance USD BUSD endured over 500 million in outflows in the roughly 24 hours since the CFTC filed a lawsuit against the crypto exchange and CEO [...]
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CDCROP: Binance Logo (Danny Nelson/CoinDesk)
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.
CDCROP: Binance Logo (Danny Nelson/CoinDesk)

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Coinbase Will Pause Trading of Binance USD Starting March 13
Coinbase says it plans to suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards. Lumida CEO and co-founder Ram Ahluwalia shares his analysis. "I believe that regulators are focused on limiting fiat ramps and trying to control exposure to Binance," Ahluwalia said.
CoinDesk - Unknown

CoinDesk - Unknown
Coinbase to Suspend Trading for Binance USD Stablecoin
Coinbase will suspend trading of Binance USD BUSD starting March 13 because the stablecoin doesn’t meet its listing standards the U S cryptocurrency exchange announced in a tweet Monday The suspension affects Coinbase com Coinbase Pro Coinbase Exchange and Coinbase Prime Users will still be able to access their BUSD funds and withdraw them at [...]
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CoinDesk - Unknown
BUSD Stablecoin Temporarily Plunges to $0.20 on Binance
Binance USD (BUSD), the third-largest stablecoin by market cap, quickly dropped to a low of $0.20 against the DAI stablecoin on Wednesday morning as liquidity dried up on the Binance crypto exchange. "First Mover" hosts weigh in on the price action.
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Reflection Of Government Building In River
State of Crypto: Interpreting the Paxos-Binance Tea Leaves
NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target.
Reflection Of Government Building In River

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Paxos Says it Will 'Engage' With SEC and 'Vigorously Litigate' if Needed
Tuong Vy Le Bain Capital Crypto Partner and Head of Regulatory and Policy reacts to Paxos saying that it has received a Wells Notice from the U S Securities and Exchange Commission indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security Plus the potential implications for Kraken [...]
CoinDesk - Unknown

CoinDesk - Unknown
Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment
Stablecoin issuer Paxos will stop minting new Binance USD BUSD tokens at the direction of the New York Department of Financial Services NYDFS with the news coming just after a report of the threat of legal action from the U S Securities and Exchange Commission SEC The International Monetary Fund IMF has warned that bitcoin's [...]
CoinDesk - Unknown

CoinDesk - Unknown
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
Stablecoin issuer Paxos will stop minting new Binance USD BUSD tokens at the direction of the New York Department of Financial Services NYDFS with the news coming just after a report of the threat of legal action from the U S Securities and Exchange Commission SEC Coin Desk Global Policy and Regulation Managing Editor Nikhilesh [...]
CoinDesk - Unknown

CoinDesk - Unknown
Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSD
Bitcoin slipped below 22 000 as stablecoin issuer Paxos announced the company would stop minting new Binance USD BUSD tokens at the direction of the New York Department of Financial Services NYDFS This comes after a report of the threat of legal action from the U S Securities and Exchange Commission SEC Tastycrypto Head of [...]
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