WazirX

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

February 21, 2023 Bitcoin.com

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Auto-Conversion

Eight 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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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse

February 9, 2023 Bitcoin.com

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Binance

Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations “are false and unsubstantiated,” Wazirx stressed. “As far as Binance’s actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.” Wazirx Says Binance’s Accusations Are […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet Services

February 4, 2023 Bitcoin.com

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Binance

Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 “to remove the funds from the accounts that they used for Wazirx’s operations.” The move followed a public dispute regarding the relationship between Binance and Wazirx. Binance Ends Wallet Services to […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon

December 27, 2022 Bitcoin.com

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Binance

Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in the upcoming Union Budget. Indian Crypto Market ‘Dead’ Since April, Says Expert Cryptocurrency trading volumes […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’

December 9, 2022 Bitcoin.com

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advisor at Vaneck

Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange

November 13, 2022 Bitcoin.com

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Binance

India’s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the public, the ED said. India Freezes More Bitcoins at Binance India’s Enforcement Directorate (ED) announced Friday that it has frozen […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

India Freezes Additional Bitcoin Amid Mobile Gaming App Investigation

October 21, 2022 Bitcoin.com

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Binance

India’s Enforcement Directorate (ED) says it has frozen 44.5 more bitcoins as part of an ongoing money laundering investigation into mobile gaming app E-nuggets. The authority has already frozen nearly 86 bitcoins at crypto exchange Binance relating to the same investigation. India’s ED Freezes More Bitcoin in E-nuggets Case India’s Enforcement Directorate (ED) announced Thursday […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%

October 17, 2022 Bitcoin.com

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Altcoins

19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market valuation has dropped by more than 19%, shedding approximately $10.59 billion. […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens

October 2, 2022 Bitcoin.com

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Binance

India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86 bitcoins found at crypto exchange Binance were frozen. Indian Authority Freezes More Cryptocurrencies: Bitcoin, […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements

September 30, 2022 Bitcoin.com

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Bancorp

On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions. Circle Reveals […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney