Paxos
Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSD
Bitcoin slipped below $22,000 as stablecoin issuer Paxos announced the company would stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS). This comes after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Tastycrypto Head of Digital Assets Ryan Grace discusses how this will impact the market sentiment.
First Mover Americas: Paxos Acts on Regulator Threat
The latest price moves in crypto markets in context for Feb. 13, 2023.
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos' BUSD stablecoin to tether.
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Paxos also faces a probe from the New York Department of Financial Services.
PayPal Puts Stablecoin Project on Hold: Bloomberg
On Thursday it was reported that PayPal crypto partner Paxos was being probed by the NYDFS
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments.
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The scope of the crypto-related investigation is not yet clear.
Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin
The proposal by Paxos is part of MakerDAO’s effort to generate income on its $7 billion digital asset reserve.
Justin Sun Looks to Calm Crypto Market Fear as BNB Falls 8%, Withdrawals Continue on Binance
Justin Sun deposits $100 million into Binance as outflow hits $1.8 billion, while BNB drops 8% and value departs BSC-based DeFi protocols
