Binance denies reports that other B-tokens are insufficiently backed
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
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Coinbase delisting BUSD as SEC stablecoin scrutiny mounts
BUSD trading on Coinbase will be suspended on March 13, but BUSD holders will continue to have access to their funds and make withdrawals whenever they want.
Paxos stops minting BUSD—is Binance stablecoin finished?
Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has evolved, and the Binance relationship no longer aligns with our current strategic priorities."
Paxos ordered to cut ties with Binance, will stop minting BUSD stablecoin
Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while users have until February 2024 to redeem their stablecoins.
SEC plans to sue Paxos over Binance USD stablecoin, stay tuned
The SEC has sent a "Wells notice" to Paxos Trust over its use of BUSD; although Paxos' BUSD is "approved and regulated" by the NYDFS, the SEC appears to regard it as an unregistered security.
Binance gets initial OK for Voyager deal, admits BUSD not always backed
Binance.US will assume control of $1 billion in digital assets frozen last July when Voyager filed for Chapter 11 protection.
Binance to US authorities: Prosecute us and ‘crypto’ will collapse
Binance is reportedly ramping up its legal department amid a DOJ probe and a slew of charges tied to the exchange's alleged money laundering conspiracy and breach of criminal sanctions, among others.
Binance’s recovery fund: altruist or antagonist?
Self-appointed crypto-savior Changpeng "CZ" Zhao has committed the bulging resources of Binance to saving the digital asset industry, from a crisis he helped create. With friends like these…
Changpeng Zhao distances Binance from BUSD as more regulators tighten oversight
Binance’s operations continue to contract as regulators across the globe tighten oversight of the beleaguered cryptocurrency exchange.