Altcoins

Circle to Cover Shortfall in USDC Stablecoin Amidst SVB’s Collapse

Circle Internet Financial, the issuer of the USDC stablecoin, has pledged to “cover any shortfall” in the assets backing the stablecoin. This comes as...

Binance USD (BUSD) market cap drops below $10B due to regulatory issues

Binance USD (BUSD), a stablecoin issued by Paxos, has experienced a market capitalization drop below $10 billion for the first time in two years....

Polygon Launches Zero-Knowledge Decentralized Identity Solution, Polygon ID

Polygon, a layer-2 scaling protocol for Ethereum, has launched its zero-knowledge decentralized identity solution, Polygon ID, to the public. The service uses zero-knowledge proofs...

Coinbase to Suspend Trading for BUSD Stablecoin

Coinbase, one of the largest cryptocurrency exchanges in the US, announced that it would suspend trading for the Binance USD (BUSD) stablecoin on March...

Paxos in Talks with SEC Over Binance USD Registration

Paxos Trust Company, the firm behind Binance's stablecoin, is in discussions with the U.S. Securities and Exchange Commission (SEC) after the regulator informed the...

Binance’s BUSD Market Cap Drops by $2.5B Amid Regulatory Scrutiny

Binance, one of the world's largest cryptocurrency exchanges, has witnessed a $2.5 billion outflow from its stablecoin (BUSD) as U.S. regulators intensified their scrutiny...

US SEC Charges Terra CEO for Multibillion-Dollar Crypto Fraud

The US Securities and Exchange Commission (SEC) has filed charges against blockchain platform Terraform Labs and its founder, Do Kwon, for defrauding investors in...

Binance and Huobi freeze $1.4M in crypto linked to Harmony Bridge hack

Crypto tracing firm Elliptic reported on Tuesday that it provided intelligence to Binance and Huobi that led to the freezing of $1.4 million in...

BUSD Token Experiences Selling Pressure

Following the NYDFS order for Paxos to stop issuing BUSD tokens, a significant amount of the stablecoin was sold, and most of its liquidity...

Polygon Network Records $11.4M Daily Trading Volume on OpenSea

Polygon, the Ethereum-based layer 2 scaling solution, saw a significant spike in its daily trading volume on the OpenSea NFT marketplace. According to data...

Paxos Under Investigation by New York Department of Financial Services

The New York Department of Financial Services (NYDFS) is reportedly investigating stablecoin issuer Paxos. Although the exact scope of the investigation remains unclear, NYDFS's...