Goodcrypto Announcment [old]

2023-02-15 20:00:38 It's Wednesday, time to catch up on the top listings from last week on your preferred exchanges.

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Check out the hottest exchange listings of the last week

#GoodCryptoTop Open / Comment

2023-02-15 19:00:13 Circle dispels reports of a forthcoming SEC enforcement action

Reports that Circle had been ordered to stop selling its USD Coin (USDC) due to the stablecoin being an unregistered security were refuted by the firm's Chief Strategy Officer and Head of Global Policy, Dante Disparte, on Feb. 14. The rumor, which originated from a now-deleted tweet by Fox Business reporter Eleanor Terrett, was swiftly denied by Disparte just 15 min later.

In financial circles, a Wells Notice is a formal notice sent by the US Securities and Exchange Commission informing the recipient that the agency intends to take enforcement action against them. Circle confirmed that it had not received any such notice, contrary to Terrett's tweet.

Responding to Circle's denial, Terrett apologized for the mistake, saying she "went with the word of several trusted sources." In a gracious response, Disparte accepted her apology, acknowledging that "there is a lot of churn, swirl, and rumors informing the market right now"

#GoodCryptoNews Open / Comment

2023-02-15 18:00:23 Definitely need to know!

#GoodCryptoAdvice Open / Comment

2023-02-15 17:00:14

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2023-02-15 16:00:28 Exciting news for HitBTC exchange users!

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#GoodCrypto #HitBTC #CryptoTrading Open / Comment

2023-02-14 20:00:16 Traders can take advantage of market price fluctuations with Coinbase Pro's Trailing Stop Buy Order strategy. Designed for long positions, this feature automatically triggers a buy order when the market price rises by a predetermined percentage, known as the Trailing Distance. This allows purchasing assets at a lower price than the initial market price, maximizing profits and reducing the risk of missed opportunities.

With the Trailing Stop Buy Order, Coinbase Pro makes it easy for crypto traders to stay ahead of the market and make informed investment decisions.

#GoodGryptoTutor #GoodCryptoAdvice Open / Comment

2023-02-14 19:00:16 ​​ Post-Paxos crackdown, Binance withdrawals, and BUSD redemptions spike

Binance, a popular cryptocurrency exchange, has seen a spike in withdrawals within the past 24 hours. This is due to recent regulatory action against Paxos and its stablecoin, Binance USD, causing investors to become anxious. According to Peckshield, there have been significant redemptions of the BUSD token, with 342 million BUSD burned in the last 24 hours.

Last Friday, the United States Securities and Exchange Commission announced a potential enforcement action against Paxos, alleging the stablecoin is an unregistered security. However, Paxos denies this claim. As a result, Binance saw 24-hour multichain token net outflows of $788.5 million, with outflows exceeding inflows by about $730 million, according to data from the blockchain intelligence platform Nansen.

This event marks the largest 24-hour net outflow for Binance since Dec. 17, when its proof-of-reserve audits were removed from auditor Mazars’ website. Despite the withdrawals, a spokesperson for Binance assured customers that their "funds are SAFU," meaning a Secure Asset Fund backs them for Users. Additionally, the spokesperson stated that the recent sell-off was handled with ease, with more than $1 billion withdrawn in 12 hours.

#GoodCryptoNews Open / Comment

2023-02-13 20:00:22 Quick weekly news:

- The Web3 community responds to Turkish–Syrian earthquake tragedy

- SEC chair issues warning to crypto firms after action on Kraken staking

- Community urges Coinbase to relist XRP as CEO fights for staking

Other notable events include:

- Zk-SNARKs are now a part of Binance's upgraded proof-of-reserves verification

- The board of Robinhood approves the purchase of Sam Bankman-Fried's $578M shareholding

Read more in our Reddit post and keep tabs on the market

Also, make sure to check out the top altcoin gainers and losers of the week

#GoodCrypto Open / Comment

2023-02-13 19:00:18 New York Department of Financial Services Orders Halt to Binance USD Stablecoin Issuance

The New York Department of Financial Services (NYDFS) has ordered Paxos Trust Co. to stop the issuance of Binance USD (BUSD), a dollar-pegged stablecoin. This action comes after the United States Securities and Exchange Commission (SEC) issued a Wells Notice to Paxos, alleging that BUSD is unregistered security.

A spokesperson for Binance stated, "BUSD is a Paxos issued and owned product, with Binance licensing its brand to the firm for use with BUSD. Paxos is regulated by the New York Department of Financial Services, and BUSD is a 1 to 1 backed stablecoin."

In response to the NYDFS order, the Binance representative added, "Stablecoins are a critical safety net for investors seeking refuge from volatile markets, and limiting their access would directly harm millions of people across the globe."

The situation surrounding BUSD and its potential enforcement by the SEC remains ongoing.

#GoodCryptoNews Open / Comment

2023-02-13 18:30:02 Open / Comment