Binance announces changes to stablecoin handling, bitcoin falls below $20,000

Binance announces changes to stablecoin handling, bitcoin falls below $20,000

Yahoo Finance published this video item, entitled “Binance announces changes to stablecoin handling, bitcoin falls below $20,000” – below is their description.

#Binance #stablecoin #bitcoin

Yahoo Finance’s David Hollerith breaks down the latest news in the crypto markets.

Yahoo Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

In This Story: Binance

Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

The company has launched various cryptocurrencies: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.

Binance is currently under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

3 Recent Items: Binance

Binance’s Bitcoin Reserves Are Overcollateralized: Report; Genesis Developments

Binance Chief Strategy Officer on Crypto Industry Recovery Initiative, FTX Fallout

Crypto: Binance pauses withdrawals for 2 tokens after reports of hack

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

Stock Market Coverage – Monday Afternoon December 12 Yahoo Finance

SBF to testify at FTX House hearing, and the rise of Africa as a crypto hub: CNBC Crypto World

Lyn Alden on separating bitcoin from crypto

Stock Market Coverage – Monday Morning December 12 Yahoo Finance

In This Story: Stablecoin

Stablecoins are cryptocurrencies where the price is designed to be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

2 Recent Items: Stablecoin

Coinbase Asks Users to Switch USDT for USDC; More Reported Crypto Layoffs

Stablecoin Issuer Circle Scraps Plan to Go Public

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.