Here’s Why Bitcoin Is Pumping, According to a Redditor
According to a Reddit user’s hypothesis, Bitcoin’s value has lately risen owing to institutional actors influencing the market, including Binance CEO CZ.
Browsing: Paxos
BUSD Reserves Drops to Lowest Levels Since December 2021
According to recent revelations, BUSD reserves have dropped to levels last seen in December 2021 amid orders to Paxos to seize minting the stablecoin. Read CNL.
Binance CEO Predicts Shift to Non-Dollar Stablecoins
CZ, the CEO of Binance, asserted recently in a tweet that non-dollar stablecoins may gradually replace stablecoins pegged to the US dollar in the business.
Massive Binance Withdrawals Raises in the Last 24 Hours
Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows. Read CNL for more info.
Report: Paxos’s Own Stablecoin USDP is not Within SEC’s Notice
According to a report by the Wall Street Journal (WSJ), the U.S. SEC is considering filing charges against Paxos’s firm.
Paxos’ $1.5B USDP at MakerDAO to Raise its Debt Ceiling
Paxos wants to deposit $1.5B of its USDP stablecoin into Maker’s Peg Stability Module (PSM), which houses reserves supporting its DAI stablecoin. Read CNL.
