Beginning on September 29th, Binance, the largest cryptocurrency exchange by volume, will start to automatically convert any existing user balances and new deposits of USDC (USD Coin) (the second-ranked stablecoin after USDT), USDP (Pax Dollar), and TUSD (True USD) into its own stablecoin—Binance USD (BUSD). When these stablecoins are cashed in that dollar is used … Continue reading Bold Binance: Binance to Convert Users’ USDC Holdings to BUSD
On March 31, 2022, the Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”) to provide guidance for companies in their handling of crypto-assets and to provide investors with the knowledge to make informed decisions. Specifically, SAB 121 focuses on the reporting and disclosure requirements for companies who hold crypto-assets, as … Continue reading More Certainty or More Ambiguity for Crypto-Asset Regulation?
A Leader in Cryptocurrency Exchange, Binance is a cryptocurrency exchange where users can buy, sell, and trade crypto in the US. Binance is distinguished from other prominent trading platforms such as Coinbase in that it offers global crypto exchange services and offers trading, institutional benefits, and digital storage to more than just US users. Recently, … Continue reading Uncovering the Mystery of Crypto Markets: Binance
on court with steph 