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Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting

Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.

Binance Logo (Danny Nelson/CoinDesk)

Video

Questions Loom Over Binance's Stablecoin Collateral

According to Forbes, crypto exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. "The Hash" panel discusses why the reporting is raising significant questions about the management and custody of customer assets and stablecoin collateral by Binance.

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Video

Senators Reportedly Claim Binance Is a 'Hotbed of Illegal Financial Activity'

Three U.S. senators have written to Binance, the world's largest crypto exchange, asking for details about its money-laundering controls and accusing Binance of being a "hotbed of illegal financial activity," according to the Wall Street Journal. "The Hash" panel discusses what this means for Binance amid ongoing regulatory scrutiny.

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Kebijakan

Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim

Three lawmakers are pressing the crypto exchange on allegations it sought to limit compliance.

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Keuangan

Binance's Custody Arm Ceffu Will Apply for Singapore License: Report

Binance rebranded its custody arm to Ceffu earlier this month.

Merlion Park in Singapore (Pixabay)

Opini

Binance Can’t Keep Its Story Straight on Misplaced $1.8B USDC

The FUD is coming from inside the building, says David Z. Morris, CoinDesk's chief insights columnist.

Binance founder and CEO Changpeng Zhao (Antonio Masiello/Getty Images)

Keuangan

Centralized Exchange Scrutiny Will Spur Research of Decentralized Exchanges

Decentralized exchanges have an intriguing road ahead amid the wreckage of FTX.

(Alexander Spatari/GettyImages)

Keuangan

Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns

The exchange previously said it made the move because BUSD didn’t meet its listing standards, without going into any detail.

Coinbase CEO and co-founder Brian Armstrong speaks at Consensus 2019. (CoinDesk)

Web3

The Next Bicasso: Binance NFT Releases AI-Powered NFT Generator

The new tool allows marketplace users to create computer-generated images and mint them as NFTs.

(Binance NFT)