CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

paxos

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.

By Sage D. Young

Mar 27, 2023 at 6:50 p.m. UTC

Mar 27, 2023

BinanceCFTCOn-chain DataPaxos

Crypto Bank Silvergate Shutdown: 3 Key Takeaways

The crypto meltdown has claimed its first big casualty in the mainstream financial system. California-based Silvergate Bank plans to "voluntarily liquidate" its assets and wind down operations. Here are three key things to know about the company’s unwinding and what it means for the crypto industry and beyond.

By CoinDesk Staff

Mar 13, 2023 at 1:00 p.m. UTC

Mar 13, 2023

CirclebankingCoinbasePaxosRegulationFTXExplainerSilvergateSilvergate BankSignature BankhearingcontagionAlameda

Finance

Silvergate

Crypto Stakeholders Say No Exposure to Shuttered Silvergate

Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to Silvergate.

By Sam Reynolds

Mar 9, 2023 at 3:49 a.m. UTC

Mar 9, 2023

SilvergateSilvergate BankCoinbaseBinancePaxosOKX

Markets

Stablecoin

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.

By Krisztian Sandor

Mar 3, 2023 at 7:27 p.m. UTC

Mar 3, 2023

StablecoinMarketsTradingBinanceBinance usdCoinbaseLiquidityPaxos

Podcasts

The breakdown

What the Silvergate Death Spiral Means for the Crypto Industry

The failing bank has been abandoned by Coinbase, Paxos and Circle.

By Nathaniel Whittemore

Mar 2, 2023 at 9:50 p.m. UTC

Mar 2, 2023

The BreakdownPodcastsCryptoCircleCoinbasePaxos

Finance

Coinbase

Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns

The exchange previously said it made the move because BUSD didn’t meet its listing standards, without going into any detail.

By Helene Braun

Mar 1, 2023 at 5:00 p.m. UTC

Mar 1, 2023

CoinbaseBUSDPaxosBinanceBrian Armstrong

Policy

Paxos

Paxos Is Holding 'Constructive Discussions' With SEC

News of the talks comes a week after Paxos said it received a Wells Notice from the regulator.

By Nikhilesh De

Feb 21, 2023 at 2:23 p.m. UTC

Feb 21, 2023

PaxosSECBUSDRegulation

Policy

Coinbase

Coinbase Exec: US Congress Needs to ‘Step Up’ Its Crypto Regulatory Efforts

Chief Policy Officer Faryar Shirzad said the exchange would “love to register” its two dormant broker-dealers, but the reality is no clear direction has been provided by lawmakers on Capitol Hill.

By Fran Velasquez

Feb 17, 2023 at 6:01 p.m. UTC

Feb 17, 2023

CoinbaseFaryar ShirzadCoinDesk TVKrakencrypto regulationPaxosStablecoins

Podcasts

Consensus

SEC Takes Aim at Kraken and Paxos

CoinDesk Managing Editor Nik De recaps his regulatory scoops from last week. Plus: Austin Federa, head of strategy at the Solana Foundation, details what’s next for the network. [reward]eacf0e23-59ea-4ea9-ab08-c1b6c8e8db68[/reward]

By Ben Schiller Danny Nelson Cam Thompson

Feb 16, 2023 at 1:05 p.m. UTC

Feb 16, 2023

ConsensusPodcastKrakenPaxosSECSolana Foundation