Poly Network Attacker Issues “Worthless” Billions in SHIB, BNB, BUSD in Latest Crypto Hack

An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions.

• 2023-07-02
• SHIB BUSD smart contract bnb

SEC Crypto Action Leaves Stablecoins in Limbo

Authorities have still not made clear when stablecoins are considered securities or how they will be regulated.

• 2023-06-09
• Wall Street Journal BUSD Brian Armstrong the SEC SEC

Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport

Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said.

• 2023-03-17
• Matrixport Federal Reserve investment portfolios Markus Thielen Silicon Valley Bank BUSD Signature Bank regulatory scrutiny bitcoin prices

Binance to convert $1 billion in stablecoin to bitcoin, Ether and other cryptocurrencies

The world's largest crypto exchange by trading volume will covert BUSD to Bitcoin, Ether, and other tokens using its Industry Recovery Initiative funds

• 2023-03-13
• Changpeng Zhao BUSD Binance Recovery Initiative

Stablecoins Attract Scrutiny in SEC’s Drive to Control Crypto

The agency is investigating whether the cryptocurrencies’ issuance violated investor-protection laws.

• 2023-02-22
• SEC BUSD digital assets

BNB-Bitcoin Ratio Drops to Lowest Level in Six Months on Paxos-BUSD Drama

The recent regulatory action against Binance-branded BUSD stablecoin weighs over BNB token.

• 2023-02-21
• BNB BUSD Paxos BNB Chain

Bernstein: SEC Tightening of Crypto Regulations Is not an Existential Threat

Some in the industry had expressed concerns that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said.

• 2023-02-17
• Bernstein USD Coin BUSD

State of Crypto: Interpreting the Paxos-Binance Tea Leaves

Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates securities laws, and the New York Department of Financial Services has asked Paxos to cease issuing the token.

• 2023-02-16
• U.S. Securities and Exchange Commission Paxos BUSD Wells Notice New York Department of Financial Services SEC Binance

Bitcoin Trades Back Up to $22,000 as Regulatory Concerns Ease

(Bloomberg) -- Bitcoin hovered near $22,000 amid a bout of stability in crypto markets following a selloff sparked by worries about a US clampdown.Most Read from BloombergUS Says 3 Mystery Objects Likely Private, With No China LinkNew Cars Are Only for the Rich Now as Automakers Rake In ProfitsGunman Kills Three at Michigan State; Suspect Found DeadAmerica's Priciest Neighborhoods Are Changing as the Ultra-Rich Move to FloridaUS Inflation Stays Elevated, Adding Pressure for More Fed HikesThe lar

• 2023-02-15
• Bloomberg Binance Coin BUSD Bendik Schei

Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown

Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?

• 2023-02-14
• Brian Armstrong BUSD Paxos Trust Company Marcus Sotiriou crypto enthusiasts Hester Peirce digital assets cryptocurrency exchange SEC fraud allegations Kraken