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Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023
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Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023

Effective from 2023-08-25 at 03:00 (UTC), the following spot pairs will no longer be available for trading on the platform: ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, and STORJ/BUSD.

Binance.US Halts BUSD Services Amid Investigation
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Binance.US Halts BUSD Services Amid Investigation

Binance.US has temporarily halted BUSD services including deposits and withdrawals, and buying, selling, and converting crypto options via the OCBS. The platform is investigating the issue and is also transitioning to new banking and payment service providers, leading to the temporary suspension of certain U.S. dollar deposit services.

Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
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Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin

BAC has given more clarification on how Binance’s automatic conversion of other stablecoins could impact its business as well as its own BUSD stablecoin.

Binance to Delist LTC/BUSD and DOGE/BUSD Perpetual Contracts
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Binance to Delist LTC/BUSD and DOGE/BUSD Perpetual Contracts

Binance Futures has announced its decision to delist the LTCBUSD and DOGEBUSD Perpetual Contracts.

Binance pivots to stablecoins after SEC regulatory action
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Binance pivots to stablecoins after SEC regulatory action

Binance, the largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins such as TrueUSD (TUSD) and decentralized stablecoins, following a regulatory action against its native stablecoin, Binance USD (BUSD), by the US Securities and Exchange Commission (SEC). Binance was forced to seek alternatives after the New York Department of Financial Services (NYDFS) asked BUSD issuer Paxos Trust to stop minting new BUSD altogether.

Binance to Phase Out BUSD Support by February 2024 Amid Paxos Minting Halt
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Binance to Phase Out BUSD Support by February 2024 Amid Paxos Minting Halt

Binance will discontinue support for Binance USD (BUSD) by February 2024, affecting trading, futures, and loans. Users holding BUSD are advised to convert their assets to other stablecoins or digital assets on Binance, with a 1:1 conversion rate.

SEC Ties Terraform Ruling to Binance in Securities Violations and Deceptive Practice Case
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SEC Ties Terraform Ruling to Binance in Securities Violations and Deceptive Practice Case

SEC links Terraform Labs ruling to Binance case, alleging unregistered securities offerings and deceptive practices in crypto trading.

Binance Replaces BUSD with TUSD and USDT in SAFU Fund
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Binance Replaces BUSD with TUSD and USDT in SAFU Fund

Cryptocurrency exchange Binance has replaced its Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT) in response to Paxos' move to stop minting new BUSD. SAFU is an emergency insurance fund established by Binance to protect users' funds in case of security breaches or other unforeseen events.

Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD
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Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD

Indian crypto platform WazirX has announced it will be delisting USD Coin (USDC), USDP, and TUSD in a move that is similar to its so-called parent company, Binance Exchange.

Binance to Convert Users’ USDC Into Its Own Stablecoin
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Binance to Convert Users’ USDC Into Its Own Stablecoin

Binance said the move aims to improve liquidity and capital efficiency for customers.

Binance Unveils Crypto-Powered Debit Card in Europe For Seamless Transactions Across 60 Million Merchants
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Binance Unveils Crypto-Powered Debit Card in Europe For Seamless Transactions Across 60 Million Merchants

Leading crypto exchange Binance has rolled out the Binance Card, a crypto debit card, in Europe that will enable users to convert their stored cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP), and Binance USD (BUSD) to fiat and spend them at more than 60 million merchants worldwide.

USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means
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USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means

According to an assessment from Glassnode, the amount of stablecoins being deposited on exchanges is an indication that things are turning bullish for Bitcoin.

Binance Adds Its Sixth Fiat-To-Crypto: The Turkish Lira
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Binance Adds Its Sixth Fiat-To-Crypto: The Turkish Lira

The Turkish fiat currency has been listed to trade against bitcoin, ethereum and XRP on the Binance web platform.

Binance Lists the Nigerian Naira on its Exchange Platform in Partnership with Flutterwaves
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Binance Lists the Nigerian Naira on its Exchange Platform in Partnership with Flutterwaves

Binance has announced its listing of the Nigerian Naira on its exchange in collaboration with Flutterwaves, a Nigerian company that is poised to help banks and businesses build secure and seamless payments solutions for their customers.

Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High
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Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High

Uniswap recently launched its own governance token UNI, and since its launch, Ethereum’s transaction fees have reached new highs.

Twitch Offers Bitcoin Discount to 15 million Gaming and Livestreaming Subscribers
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Twitch Offers Bitcoin Discount to 15 million Gaming and Livestreaming Subscribers

Twitch is now leveraging BitPay’s digital currency processing network to facilitate Bitcoin cryptocurrency payments and has announced a special 10% crypto discount promotion.

Bitpay Now Supports Binance's Stablecoin For Global Payments
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Bitpay Now Supports Binance's Stablecoin For Global Payments

Binance and Bitpay have partnered to enable consumers and merchants to access Binance stablecoin.

NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token
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NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

Crypto exchange giant Binance, and digital asset trust company Paxos recently announced their partnership to launch a USD-backed stablecoin. The announcement comes after the approval from the New York State Department of Financial Services (NYDPS). New York-based exchange and stablecoin operator, Paxos launched a gold-backed Ethereum-based token named Pax Gold (PAXG).

Blockchain Analytics Firm Elliptic Extends Monitoring Solutions to Cover Binance Chain and BNB
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Blockchain Analytics Firm Elliptic Extends Monitoring Solutions to Cover Binance Chain and BNB

Blockchain analytics firm Elliptic recently extended its crypto risk monitoring solutions today by adding the Binance Chain and Binance Coin (BNB).

Coinbase Pro Will List Uniswap Token UNI Instead of Sushi Token
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Coinbase Pro Will List Uniswap Token UNI Instead of Sushi Token

Major United States crypto exchange Coinbase will list the Uniswap token UNI which was launched earlier today but snubs Sushi token.

Binance CEO Boosting the Super Exchange Ecosystem, With the Possibility of Adding Options
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Binance CEO Boosting the Super Exchange Ecosystem, With the Possibility of Adding Options

Changpeng Zhao (CZ), CEO of Binance, one of the largest crypto exchanges in the world, has been speaking at multiple blockchain themed events in Singapore in mid-November. During these events, CZ has made new announcements regarding the company’s new partnerships and new products that will be rolling out.

Why Stablecoins are Securing the Future of Crypto World
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Why Stablecoins are Securing the Future of Crypto World

While the value of most cryptos has tremendously declined due to coronavirus outbreak, the demand for stablecoins seems to be on the rise.

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