Binance.US Halts BUSD Services Amid Investigation
In the midst of ongoing global banking turmoil, Binance.US has announced the temporary suspension of some services related to its BUSD stablecoin pairs via the One Common Billing System (OCBS).…
Binance pivots to stablecoins after SEC regulatory action
Binance, the world's largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins following regulatory action by the US Securities and Exchange Commission (SEC) against its native stablecoin, Binance…
Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD
Indian cryptocurrency trading 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.…
Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
Bank of America (BAC) has talked about the recent decision by the Binance exchange to convert all existing user balances and future deposits of three stablecoins USD coin (USDC), trueUSD…
12 months
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September 18 2020
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Valuation Of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% In 12 Months
Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the…
$600 Million
$600M
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Poly Network Hacked For More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been A Billion’
On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how…
1 million players
218%
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Axie Infinity Hits 1 Million Daily Active Players, First NFT Project To Hit $1B All-Time Trade Volume
The Ethereum game Axie Infinity continues to see demand as the developer Sky Mavis revealed on Friday there are now more than 1 million daily active players. Additionally, the game…
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Stablecoins Swelled By $13B In 30 Days, Captured 67% Of Today’s Crypto Trade Volume
Over the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still…
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Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swaps Dominate
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been…