binance usd

Binance's stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the token, according to market tracker CoinGecko. Paxos Trust Company, which issues Binance USD, said on Feb. 13 that the U.S. Securities and Exchange Commission (SEC) had told the company it should have registered the product as a security and is considering taking action against the platform. On the same day, New York's chief financial regulator said in a consumer alert that it had…

About $2.5 billion flowed out from Binance's stablecoin this week, Binance's CEO said on Twitter, after US regulators turned their sights on the cryptocurrency. Most of the money has moved from moved from Binance USD into Tether, another so-called stablecoin where tokens have a $1 value, Binance boss Changpeng Zhao said on Twitter. "Landscape is shifting," he said. Stablecoins are used for trading between crypto tokens and between crypto and traditional assets. Binance USD is the third-biggest stablecoin behind Tether and…

Despite the holiday season being right around the corner, the winter cheer has failed to reach the beleaguered crypto sector. The crypto price charts on Monday December 12 reflected losses for most cryptocurrencies. With a loss of 1.42 percent, Bitcoin opened trading today at the price point of $16,875 (roughly Rs. 13.9 lakh). The oldest cryptocurrency also saw losses of around 1.45 percent on international exchanges such as Binance and Coinbase, where it continues to trade at a price point lower than the mark of $17,000…

Despite the holiday season being right around the corner, the winter cheer has failed to reach the beleaguered crypto sector. The crypto price charts on Monday December 12 reflected losses for most cryptocurrencies. With a loss of 1.42 percent, Bitcoin opened trading today at the price point of $16,875 (roughly Rs. 13.9 lakh). The oldest cryptocurrency also saw losses of around 1.45 percent on international exchanges such as Binance and Coinbase, where it continues to trade at a price point lower than the mark of $17,000…

Most cryptocurrencies have managed to see profits this week, despite the prevailing volatility and the ongoing crypto winter spurred by the collapse of crypto exchange FTX last month. Bitcoin on Wednesday registered a profit of 3.70 percent to open trading at $17,783 (roughly Rs. 14.7 lakh). In the last 24 hours, the value of BTC grew by $663 (roughly Rs. 54,806) from yesterday's price of $17,150 (roughly Rs. 14 lakh). As per the data reflected by international exchanges, BTC reeled-in profits slightly under four percent…

One day after majority cryptocurrencies recorded profits and the crypto market valuation rose by over three percent, the price charts for cryptocurrencies was hit by volatility once again. Bitcoin on Thursday, opened with a loss of nearly one percent. At the time of writing, BTC was trading at $17,716 (roughly Rs. 14.6 lakh). The world's most popular cryptocurrency also saw tiny price dips on international exchanges. As per Binance and CoinMarketCap, BTC is trading at the price point of $17,734 (roughly Rs. 14.4…

Bitcoin registered a loss of 1.50 percent on national and international exchanges on Friday, and the oldest cryptocurrency was trading at the price point of $17,406 (roughly Rs. 14.4 lakh). BTC, in the last 24 hours, has effectively lost up to $328 (roughly Rs. 27,168) to trade at current prices. The cryptocurrency, so far in the last two months, has not been managed to trade above the level of $18,000 (roughly Rs. 14.90 lakh). More losses than gains were recorded on the crypto price charts, as the market opened for trade…