BUSD Peg Buckles Under SEC Pressure – BNB Drops 5%
Binance USD (BUSD) fell to $0.9950. This drop in value comes amid increased regulatory scrutiny of the digital asset industry.
Keep up with what's happening in the crypto world in real-time.
Binance USD (BUSD) fell to $0.9950. This drop in value comes amid increased regulatory scrutiny of the digital asset industry.
The Binance Coin (BNB) price is mired in a correction which could continue in February.
Bitcoin and other cryptocurrencies are beginning to climb higher after a sharp sell-off following the news that Paxos would stop issuing BUSD.
Binance's native token, BNB, posted a significant drop on its daily chart after a New York regulator ordered Paxos Trust to stop creating more BUSD stablecoins.
Binance's native coin BNB has declined nearly 6% in the past 24 hours, trading to lows of $289 on major cryptocurrency exchanges. According to CoinGecko data, Binance Coin price hit highs of $321 late Sunday, but is now trending at levels last seen in mid-January.
Binance Coin [BNB] has maintained a handsome number of weekly users on its network for quite some time, as the figures were consistently above the 2 million mark.
An SEC spokesperson told Coinesk the commission does not comment on the existence or nonexistence of a possible investigation.
Binance Coin has dropped by over 5% in the past 24 hours following the news regarding BUSD and Paxos.
After a mixed weekend, the crypto market will likely remain under pressure, with the SEC and sentiment towards the US CPI Report likely to be the drivers.
Binance Coin price analysis indicates an increasing trend for cryptocurrency today as the coin value has increased tremendously, reaching above $1.00, the resistance level for BNB/USD is at $1.00 and the support level is at $0.9997 and has seen a slight price increase of 0.02%.
BNB Chain ($BNB) has reportedly continued to be a top player in the crypto industry despite the market headwinds in Q4 2022.
Key Points: The governance and staking layer of the Binance BNB Chain, known as the Binance BNB Beacon Chain, was found to be vulnerable, according to an article published by Jump Crypto on its website.
The community members of decentralized exchange (DEX) Uniswap (UNI) have voted to launch the crypto project on BNB Chain, the blockchain of Binance. In a new proposal, the members of Uniswap's decentralized autonomous organization (DAO) voted 66% in favor of deploying the Ethereum (ETH)-based DEX onto the BNB Chain. The data reveals that 84.
The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.
BNB Foundation Executive Director Uri Ferruccio brings to Consensus 2022 a speech on the practical achievements and challenges of DAOs to date, as well as some of the most interesting applications of DAOs that are appearing on the horizon.
Binance CEO Changpeng 'CZ' Zhao thanked crypto venture capital firm Jump Crypto for reporting a bug on the BNB Chain.
Binance Coin (BNB) is a digital currency launched by the world's largest crypto exchange, Binance, in 2017. The launch of BNB was made possible through an Initial Coin Offering (ICO), which took place from 26 June to 3 July 2017.
The proposal to deploy Uniswap V3 (UNI) to BNB Chain (BNB) was accepted by 65.89% yes votes on February 10, even though Andreessen Horowitz (a16z) used its 15 million votes to oppose it on February 6.
The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?
Uniswap's community wants to bring the exchange to BNB Chain before copycats can launch identical competitors.
Despite resistance from venture capitalist firms, Uniswap v3 will be deployed on Binance's BNB Chain, using Wormhole as its cross-chain bridge
Crypto News: Uniswap's Decentralized Autonomous Organization (DAO) has recently finished the final vote that will be utilized to carry out the intended deployment of Uniswap v3 on the BNB Chain. According to the portal that tallied the votes for the referendum, almost 66% of DAO delegates voted in support of the change, which was completed The post Uniswap DAO Approves Proposal For BNB Migration; What's Next?
According to WhaleStats, a BNB whale named "Martian Manhunter," which ranks first among the whales under its watch, has just bought 54,000,000 ZIL tokens worth $1,504,101.
The plan to deploy Uniswap v3 on the BNB Chain is one step closer to actualization following a successful DAO vote on the matter.
