Paxos

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

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Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 mil millones, marking the lowest number of BUSD in circulation since April 2021. Es más, data indicates…

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

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Los lunes, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be…

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

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Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Desde entonces, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Mientras tanto, a data researcher from Nansen has discovered that Binance,…

Por poco 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Días

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Six 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. Corrientemente, Binance is the most active exchange trading BUSD tokens, and the stablecoin still…

Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% en 2 Meses

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In mid-August, o 68 hace días, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 mil millones. BUSD’s growth comes at a time when the market valuations of the top…

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision

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En septiembre 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy…

El emisor de Stablecoin Tether no congelará las direcciones de efectivo de Tornado, Dice que la congelación prematura podría poner en peligro las investigaciones

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While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Atar’s recently published blog post…

Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

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Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 horas. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to…

Coinbase y 17 Otras empresas de cifrado lanzan la 'tecnología de solución universal de reglas de viaje'

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El miércoles, La empresa de criptomonedas Coinbase, que cotiza en bolsa, anunció el lanzamiento de un esfuerzo de colaboración llamado TRUST., Lo que significa “Tecnología de solución universal Travel Rule.” El plan se describe como un “solución impulsada por la industria” desarrollado para cumplir con el Grupo de Acción Financiera Internacional…

Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

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Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering…