![]() ![]() The exchange's BNB token ( BNB-USD) is down 5% for the last five days and just as much since the beginning of January as of Friday noon New York time. One of the world’s largest cryptocurrency exchanges, FTX, has collapsed, with what is reported to be an 8bn (£6.8bn) black hole on its balance sheet. French regulators have also begun a preliminary investigation of the exchange over money-laundering violation concerns, according to Reuters. The Justice Department has also reportedly been investigating Binance for more than a year.īinance has either pulled out or asked to cease business operations in a number of other countries in recent months, including Canada, Belgium, the Netherlands and Nigeria. anti-money laundering laws as part of a 4.3 billion settlement resolving a years-long probe into. A federal judge sided with the government Thursday, ordering that Binance founder Changpeng Zhao must remain in the U.S. ![]() (Photo By Ben McShane/Sportsfile for Web Summit via Getty Images) (Ben McShane via Getty Images)īinance.US, a America based exchange that Binance claims isn't affiliated with the international platform, has seen its crypto spot market share drop to 1% from 20% since the SEC filed its lawsuit against Binance, according to crypto data provider Kaiko. NEW YORK (Reuters) -Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. USDC price is updated and available in real-time on Binance.Changpeng Zhao, CEO of Binance. USDC has entered a number of notable partnerships, including Visa, Mastercard, and Twitter. BUSD Coin digital stablecoin with crypto currency concept banner Yellow Binance US icon. The acquisition is seen as a way for Coinbase to strengthen its ties to the stablecoin market. Binance us Stock Vectors & Vector Art Binance USD (BUSD) banner. ’s recent 4. ![]() The deal is reportedly worth $400 million and will give Coinbase a seat on Circle's board of directors. The Securities and Exchange Commission says Binance Holdings Ltd. In August, 2023, Coinbase announced that it had acquired a minority stake in Circle, the company that issues the USDC stablecoin. The coin provides users with a number of use cases, such as portfolio balancing, hedging against volatility, pricing in fiat currency, fast international remittances, peer-to-peer (P2P) payments, and payment interoperability across different blockchains. The Binance.US bid, which sets a clear path forward for Voyager customer funds to be unlocked as soon as possible, is valued at approximately 1.022 billion and is comprised of (i) the fair market. Use them in commercial designs under lifetime, perpetual & worldwide rights. The $43 billion dollar plus market cap has seen to it that USD Coin has remained a top five crypto for some time now. USDC is the number two stablecoin, but it is also the fifth largest market capitalization in the cryptocurrency market at the time of writing. The USDC stablecoin is the second largest stablecoin ecosystem, behind only USD Tether ( USDT ), and just above Binance USD ( BUSD ). In response, Binance and other investors opened Binance. USDC is compatible with a number of different blockchains, including Ethereum, Algorand, Solana, Stellar, and TRON. As a fully backed stablecoin, it holds US dollar asset reserves in regulated US financial institutions. In 2019, Binance was banned in the United States on regulatory grounds. These reserves are overseen by the accounting firm Grant Thornton, which publishes monthly attestation reports. USD Coin (USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio and is designed to remain stable regardless of cryptocurrency market conditions.Īs a fully backed stablecoin, it holds US dollar asset reserves in regulated US financial institutions.
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