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Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap

The Daily Hodl
Binance to Acquire ,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap
Altcoins
Binance to Acquire ,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap

Crypto giant Binance says it’s converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this represents the remainder of the company’s industry recovery fund, which is designed to support struggling players in the industry after the collapse of FTX. Zhao points to inherent issues with fiat-backed […]

The post Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap appeared first on The Daily Hodl.

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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

Bitcoin.com
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
bitcoin.com
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market ValuationsIt has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

Bitcoin.com
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below Billion Range
Altcoins
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below Billion RangeThe realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

Bitcoin.com
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown
Binance
Coinbase to Suspend Trading of BUSD Amid Regulatory CrackdownCryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Releases Major Update, Says Binance USD (BUSD) Stablecoin Set for Delisting – Here’s When

The Daily Hodl
Coinbase Releases Major Update, Says Binance USD (BUSD) Stablecoin Set for Delisting – Here’s When
Binance USD
Coinbase Releases Major Update, Says Binance USD (BUSD) Stablecoin Set for Delisting – Here’s When

The largest US-based crypto exchange by trading volume has released a major update involving the embattled stablecoin project Binance USD (BUSD). According to a new announcement, Coinbase says they will delist BUSD in about two weeks’ time. “We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent […]

The post Coinbase Releases Major Update, Says Binance USD (BUSD) Stablecoin Set for Delisting – Here’s When appeared first on The Daily Hodl.

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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

Bitcoin.com
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
Altcoins
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in DominanceAfter Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

Bitcoin.com
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
Altcoin issuance
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin MintingOn Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink to Verify Reserves Before […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Paxos in ‘Constructive Talks’ With SEC Following Enforcement Action on Binance USD (BUSD): Report

The Daily Hodl
Paxos in ‘Constructive Talks’ With SEC Following Enforcement Action on Binance USD (BUSD): Report
Binance
Paxos in ‘Constructive Talks’ With SEC Following Enforcement Action on Binance USD (BUSD): Report

New York-based crypto company Paxos Trust Company is in “constructive talks” with the U.S. Securities and Exchange Commission (SEC) following enforcement actions surrounding stablecoin Binance USD (BUSD). According to a report from Reuters, an internal e-mail from Paxos’ CEO Charles Cascarilla says the SEC is actively in discussions with Paxos after the regulator told the company […]

The post Paxos in ‘Constructive Talks’ With SEC Following Enforcement Action on Binance USD (BUSD): Report appeared first on The Daily Hodl.

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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

Bitcoin.com
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
Auto-Conversion
Binance Increases USDC Holdings as BUSD’s Market Cap Slides LowerEight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

Bitcoin.com
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
8 hours
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 DaysSix days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]
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Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

Coinbase Research Says ‘Surprise to the Upside’ Possible for Ethereum ETF Decision – Here’s Why

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