Binance settlement ‘net positive’ for cryptocurrency industry – Mike Novogratz
Binance’s $4.3 billion settlement with the United States justice department is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz.In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency i ...
Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC
Binance’s arguments used in its motion to dismiss a lawsuit from the United States securities regulator relies on an incorrect legal analysis and have no basis in law, the regulator has argued.In a Nov. 7 court filing the SEC rebuffed Binance’s earlier bid to toss the regulator’s suit sayi ...
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into a newly listed stablecoin amid plans to wind down support for BUSD. In an Aug. 31 statement from Binance, the crypto exchange confirmed prior speculation that it will gra ...
Binance.US Partners with MoonPay to Enable USDT Transactions on Crypto Platform
Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform. The crypto exchange announced on Aug. 22 that USDT was being adopted as the ...
Binance sold USDC for another stablecoin — Coinbase CEO
Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC i ...
Stablecoin dominance slides as market cap falls to near 2-year lows: CCData
The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says.Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start of ...
BUSD falls to fourth position among stablecoins
The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows.As of writing, BUSD market cap stands at $4.30 billion, down 29% from $5.54 ...
Paxos to Reapply for National Banking License as Previous Application Expires
According to recent reports, Paxos has had its national banking license application terminated by the US Comptroller's Office. Paxos, which issues the Pax Dollar (USDP) stablecoin, had delayed compliance with the regulator's requirements for an earlier application for a banking license and approv ...
Tether’s Market Cap Surges by $15 Billion in Q1 2023, Reaching All-Time High
In the first quarter of 2023, the stablecoin Tether's market capitalization surged by $15 billion, breaking its previous record set in May 2022. As reported by the cryptocurrency explorer CoinMarketCap, USDT's market capitalization surged by over 20% in the first three months of the year, reachin ...
US SEC Chairman Gary Gensler Says All Cryptocurrencies Except Bitcoin Are Securities
US Securities and Exchange Commission (SEC) Chairman Gary Gensler recently discussed the regulation of the cryptocurrency industry in an interview with New York Magazine. According to Gensler, all cryptocurrencies except Bitcoin are considered securities and fall within the SEC's jurisdiction. He ...
Tether Dominates Stablecoin Market with Over 51% Share
According to CoinGecko, Tether has gained a majority share in the stablecoin market, surpassing 51% for the first time since May 2022. As of February 13, the total market capitalization of stablecoins was $137.2 billion, with Tether accounting for $68.4 billion of that amount. The second-largest ...