News Explorer — Binance Is Officially Moving Away From BUSD Stablecoin

Generated by AI, curated by humans

Aug 31, 12:06 pm

Decrypt

Binance Is Officially Moving Away From BUSD Stablecoin

Binance, the largest crypto exchange, is gradually ending support for its native stablecoin, BUSD, due to Paxos halting minting of new BUSD. Delisting of BUSD spot and margin trading pairs will occur, but deposits and withdrawals through Ethereum and other chains will continue. Binance is phasing out BUSD in stages, starting in September and lasting until December.

Binance, the largest crypto exchange, is gradually ending support for its native stablecoin, BUSD, due to Paxos halting minting of new BUSD. Delisting of BUSD spot and margin trading pairs will occur, but deposits and withdrawals through Ethereum and other chains will continue. Binance is phasing out BUSD in stages, starting in September and lasting until December.

Latest

Jan 15, 4:12 pm

Decrypt

Kaito Kills Yaps as Token Plunges Following X's Move to Eliminate 'Reply Spam'

X is cracking down on apps that incentivize users to post on the platform, causing a drop in the price of Kaito's token... Read Summary

Jan 15, 3:36 pm

Decrypt

DeadLock Ransomware Utilizes Ethereum Network Polygon, Posing a Potential Threat

Group-IB warned about a new ransomware strain, DeadLock, using Polygon smart contracts for proxy server rotation. The ma... Read Summary

Jan 15, 3:18 pm

Coindesk

Ripple's $150 Million Financing to LMAX Group Aims to Boost RLUSD Adoption in Institutional Trading

Ripple is providing $150 million to LMAX Group to integrate its RLUSD token into the exchange's infrastructure, aiming t... Read Summary

Jan 15, 3:07 pm

Decrypt

MetaMask Now Supports Tron, Bitcoin and Solana, Expanding From Ethereum Core

MetaMask has expanded its support to include the Tron blockchain, allowing users to manage Tron-based assets and interac... Read Summary

Jan 15, 3:00 pm

Decrypt

Bank of America CEO Warns of $6 Trillion Shift From Bank Deposits to Stablecoins

Bank of America's CEO predicts that interest-bearing stablecoins could divert $6 trillion from bank deposits, potentiall... Read Summary

Jan 15, 12:57 pm

Decrypt

Solana ETFs Add $23 Million for Best Day in a Month

Solana's ETFs experienced a significant inflow of $23.57 million, the highest in four weeks, indicating potential moment... Read Summary

Jan 15, 11:47 am

Coindesk

Societe Generale's SG-FORGE and Swift Collaborate on Settling Tokenized Bonds Using MiCA-Compliant Stablecoin

SG-FORGE, the cryptocurrency arm of Societe Generale, collaborated with Swift to settle tokenized bonds using their MiCA... Read Summary

Jan 15, 10:46 am

Coindesk

Startup Raises $20 Million to Help Blockchain Networks Like Bitcoin, Solana Face Quantum Threat

Project Eleven, a startup led by a former U.S. Special Forces officer, secured a $20 million Series A funding round with... Read Summary

Jan 15, 10:24 am

Decrypt

Bitcoin's Potential Parabolic Move Mirrors Gold's Historical Surge, Driven by Sustained Buying Pressure: Analysts

Bitwise's CIO draws parallels between Bitcoin ETFs and gold's historical surge, suggesting a potential parabolic move fo... Read Summary

Jan 15, 6:06 am

Decrypt

Senate Banking Committee Delay Markup of Crypto Market Structure Bill

The Senate Banking Committee has postponed the markup of the bipartisan crypto market structure bill, adding to earlier... Read Summary

Jan 15, 4:59 am

Decrypt

Manhattan DA Urges Lawmakers to Criminalize Unlicensed Crypto Operations

Manhattan District Attorney Alvin Bragg emphasized the need to criminalize unlicensed crypto operations due to a thrivin... Read Summary

Jan 15, 3:07 am

Decrypt

TD Cowen Adjusts Strategy's Price Target Even as Bitcoin Purchases Soar

TD Cowen lowered its price target on Michael Saylor’s Strategy (Nasdaq: MSTR) to $440 from $500 due to near-term pressur... Read Summary

Jan 14, 10:06 pm

Decrypt

Coinbase Pulls Support for Crypto Market Bill, Poses Tension Over Stablecoin Yield Restrictions

Coinbase, a major player in the crypto industry, has withdrawn its support for the market structure bill just before a c... Read Summary

Jan 14, 6:48 pm

Coindesk

Figure's New Public Equity Network Enables On-Chain Issuance

Figure, a fintech firm led by SoFi founder Mike Cagney, has launched the On-Chain Public Equity Network (OPEN) for issui... Read Summary

Jan 14, 6:04 pm

Decrypt

Zcash Avoids SEC Action as Foundation Says Investigation Is Finished

The Zcash Foundation announced that the U.S. SEC has concluded an investigation without recommending enforcement action.... Read Summary