Expert Analysis: Pro-XRP Lawyer Challenges Stablecoin Securities In Terraform Labs Case |

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In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.This has led legal experts to question the ruling and its implications. The case centered around Do Kwon, a […]

Solana Ramps Up For Paxos’ Stablecoin Expansion With NYDFS’s Positive Nod For January 2024 |

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In a significant development for the stablecoin industry, Paxos, one of the largest stablecoin issuers, has received regulatory approval to extend its product offering to the Solana (SOL) blockchain. The expansion, scheduled to launch on January 17, 2024, follows a directive from the financial regulator ordering Paxos to halt the minting of Binance’s BUSD tokens […]

Binance And Banking Partner Collaborate To Establish World’s First Triparty Crypto Arrangement |

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Binance, the world’s largest cryptocurrency exchange, recently announced the successful execution of the world’s first cryptocurrency triparty arrangement in collaboration with a third-party banking partner.  According to the announcement, the solution allows institutional investors to securely store their trading collateral off-exchange with what Binance calls a “trusted bank.” Binance Expands Services With Triparty Solution The triparty […]

Goodbye To BUSD: Binance Announces Complete Phase-Out By December

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In a significant development, Binance revealed that it will no longer be supporting its BUSD stablecoin. Binance will remove BUSD from both spot and margin trading pairings in a staggered manner, encouraging users to move their BUSD holdings to other assets. The exchange made a calculated decision with this choice, forcing consumers to adjust to […]