Discover and read the best of Twitter Threads about #BUSD

Most recents (24)

Stablecoins are a crypto barometer.

They're crucial to the crypto ecosystem, but they're also highly centralized. #USDT, in particular, holds a monopoly and carries significant risk.

Here are some numbers and my thoughts on stablecoins. 🧵

1/10 Image
The market capitalization of stablecoins has been experiencing a decline for over six months. As per the most recent data, it stands at $129 billion, a significant fall from the previous year's value of $186 billion.

2/10 Image
The market capitalization and the volume of trading assets are falling, which is concerning.

This is especially important because stablecoins are one of the primary assets traded on the crypto market.

3/10 Image
Read 10 tweets
Sobre el caso de la demanda introducida por la @SECGov en la corte del Dtto de Columbia en contra del exchange Binance/usa, no hay sorpresa y no representa un peligro mayor para binance/com que es la matriz principal del exchange crypto más grande del mundo.

[Hilo] 🧶

1/10 Image
Como ya lo mencioné en dos hilos anteriores que dejaré al final.
Binance cometió un gran error en declararse IMPARCIAL en la invasión de Rusia a Ucrania, además comenzó con el pie que no era cuando lanzó el nuevo exchange en los EE.UU sin cumplir ciertas formalidades.

Lo que la SEC considera grave son principalmente 4 cosas:

1) CZ permitió con premeditación que clientes de los EE.UU tuvieran acceso a operaciones de trading y staking trianguladas y controladas por firmas o compañías de él mismo hacia binance/com, y esto está PROHIBIDO.

Read 11 tweets
Dominance of #Bitcoin supply has seen a dramatic shift over the last two years.

US entities are now holding 11% less $BTC than they were in June 2022, whilst investors active during Asian trading hours have picked up 9.9%.

This is a distinct reversal from the 2020-21 bull cycle Image
We can see major shifts underway in stablecoins, with #USDT supply at new ATHs, whilst #USDC and #BUSD fall to multi-year lows.

Given stablecoins are non-interest-bearing, and regulatory pressure in US is building, it suggests US capital is now less active in digital assets. Image
If we look at exchange on-chain flows, we also see considerably weaker demand since April.

Stablecoin inflows massively offset $BTC + $ETH inflows in Q1 🟩.

However we now see larger $BTC + $ETH inflows (assumed sell-side) relative to stablecoins🟥 as the market corrects lower Image
Read 4 tweets
🔒 Binance Allegedly Mixed Customer and Company Funds 🔍

@binance, one of the largest cryptocurrency exchanges, allegedly mixed customer and company funds between 2020 and 2021.

These questionable activities have raised concerns over internal controls. Image
@binance Reports suggest that @binance used @silvergatebank as a central fixture in its financial operations, combining customer funds with company revenues into a third Silvergate account.

This account was then converted into the Binance USD (#BUSD) token.
@binance @silvergatebank The situation becomes more complex as the U.S. Commodity Futures Trading Commission (CFTC) has charged Binance with "structuring" transactions to evade U.S. financial regulations.
Read 5 tweets
From #bearish to #bullish: #crypto trends signal a potential buying opportunity at $27,500 for #Bitcoin and #Ethereum outperformance 🧵🧵

Sub to our TG for the latest:… Image
#Crypto #sentiment has cooled off, with our #Bitcoin Greed & Fear Index dropping to 44 (for #Ethereum, 46). Buying half a position at $27,500 could be a good re-entry level, with the possibility of the price dropping to $25,000 for the second half.
The decline in #stablecoin #marketcap suggests money is leaving the ecosystem, with #USDC and #BUSD dropping below $30bn and $6.5bn, respectively. Negative #funding rates for #Binance #BNB could indicate potential negative news.
Read 12 tweets
Let's take a look at a timeline examining how deeply @binance helped promote @NeblioTeam & #NEBL then you guys make your own mind up as to how involved they were in enabling criminals to commit fraud against #Binance users.

August 2nd 2022

@NeblioTeam announce acquisition Image
August 24 2022

@binance announce #NEBL added to #Binance Earn with #Staking rewards at 3% APY Image
September 1 2022

@binance announced AMA with 'CMO' Younes Hariss @YounesHariss of @NeblioTeam, who stopped being active shortly after this AMA. Youness never presented himself to the Neblio community at all and nobody has heard from him since. $5000 in #NEBL giveaway. Image
Read 23 tweets
🧵on $BAX

During the #bankingcrisis people are losing faith in #traditionalbanking system. Users cannot access their funds, stock prices are plummeting, and impending #CBDC. THE WORLD NEEDS ANOTHER VIABLE SOLUTION!
$XRP $BTC $ETH #remittance #CryptoTwitter #cryptocurrency
Bank Accounts Based on Blockchain (#BABB) was created by @Rushdaverroes in 2018. The goal was to leverages #blockchain, biometrics and machine learning to offer revolutionary decentralized banking services for people across the globe building a new global banking network!
@getbabb intrinsic design has proven to be next generation as they offer a bank account on the #BABB platform, compliant with UK regulations, available to any eligible person or business in the world, instantly, without the need for a UK address or credit history.
Read 20 tweets
¿Qué está pasando con las #stablecoins? 🤔

Primero fue la #Stablecoin de #Binance #BUSD que hasta hoy ha perdido $8 mil millones de sus capital de mercado, y ahora es #USDC de #Coinbase que ha perdido la paridad con el dólar y $7 mil millones de su capital. 😱

[Hilo] 🧶

En el caso de #Binance y #BUSD hicimos un hilo en su momento que dejaré al final, pero hoy nos enfocamos en el caso de la moneda estable #USDC del exchange cripto más grande de EE.UU @coinbase.

Lo primero a destacar es que Coinbase y Circle que son los emisores de #USDC...

no están en quiebra. El problema lo tuvo fue el banco @SVB_Financial que es donde @circle y @coinbase tienen parte del colateral de su moneda estable #USDC. Éste Silicon Valley Bank (SVB) fue intervenido hace 1 día por el @CaliforniaDFPI ya que estaba insolvente.👇

Read 17 tweets

🔸#Coinbase Jan '23 attestation missed and delayed
🔸Justin staked 150.000 #Eth and use stETH on DeFi
🔸SEC targeted #Paxos
🔸#Busd deplete mode on
🔸#crypto pumped on "security risk rumors"
🔸Vitalik Buterin missed
🔸#ETH2 Shanghai soon

🔸#WBTC here and there
🔸#LIDO used in a way you should be worried
🔸#MAKERDAO high risk loading
🔸#DJI too high
🔸#US30 too high
🔸#SP500 too high
🔸Us Gov Treasury Total Default before July
🔸Inflation high
🔸Interest rate low

Few understand the risk, But they will feel it
If you are a #crypto enthusiastic, risk sits on
🔸Wrapped tokens, mostly #wbtc #weth #stEth
🔸Real risk is if Vitalik lied on #ETH2 and Rug Pull #ETH

Without #ETH almost all #crypto will blow
Wrapped tokens are perfect for laundering
Un- #stablecoin issuers will blow
Read 6 tweets
Herkese hayırlı günler 🤗 #pazartesi gününe #bitcoin teknik ve on chain analiziyle başlıyoruz 🚩Öncelikle dün 23.800k kadar olan shortlardan bahsetmiştik.Dün o bölgeler temizlendi 🤷

+++🧵 Image
Şimdi teknik tarafta dün bahsettiğimiz düşen kama kırılamadı 🤷ama günlük bazda #Elliot 5 dalga modeline göre "A" dalgasından tepkime aldık ve "B" dalgasına doğru bir ilerleme var oda 23.900k denk geliyor.

Teknik tarafta kısa ve uzun vadede "SAT" yönlü bir ilerleme söz konusu. Şimdi on-chain tarafına geçelim. Spot tarafına 24 ve 144 saatlik bazda stablecoin girişleri yetersiz kalıyor. Bu durumda, piyasa hacimsizliğinden en çok zarar gören taraf türev piyasaları oluyor.
+++🧵 24-144(MA) Hours Inflow Sta...Image
Read 11 tweets
"The biggest bull trap I have ever seen"

The current price increase of over 55% in #Bitcoin has caused a lot of euphoria😍although there were also critical voices👺

Let's take a closer look and analyze the price increase🧵 Disclaimer: We are long on ...
The question that comes up is, has the 5th bull market of #Bitcoin started?

The typical sequence of the investment cycle in #Bitcoin is:

1. halving
2. bull run
3. bear market
4. accumulation
Here is an example of the 3rd to 5th cycle. Even if the importance of halving is questioned again and again,halving remains until now biggest driver of a possible bull run. Halving leads to scarcity, leads to price increases. Ergo, price 🔼 So we have to wait for the halving🤓 Disclaimer: We are long on ...
Read 12 tweets
🔝#Bitcoin Skyrockets to All-Time High in 2023: Is it the Right Time to #Invest?💥

📰Let’s dive into your weekly digest of specially curated reads by #Matrixport 📰

What’s #trending in #cryptocurrency?
⬇️⬇️⬇️ Image
1️⃣ #Bitcoin Rockets Past $24.7K to Reach 2023 High

2️⃣ #Paxos Reportedly Ordered to Stop Issuing #BUSD; #Tether’s #USDT Gains $1b

3️⃣ #Polygon Announces Launch Date for #zkEVM #Mainnet Beta in March
4️⃣ #Binance and #HuobiFreeze $1.4M in #Crypto Tied to #HarmonyBridge Theft

5️⃣ #ConfluxNetwork Partners with #China Telecom to Build #Blockchain-Enabled SIM Cards

Read 4 tweets

Let's take a deep dive to know what's going on.

♦️There are few things that are certain in #Crypto : prices going up and #FUD against #Binance .

♦️Since the #FTX collapse, Binance has been targeted by regulators, media companies, and individuals.
♦️This has led people to wonder whether regulators will crush Binance.

♦️ Let’s see what the FUD is around Binance and its impact on the market and your portfolio 👇
Read 14 tweets
Get an exclusive inside look into the mind of @ash_swap's founder!🕵️‍♀️

We sat down and had a chat about their goals and views on the future.

Read on for the top 3 key takeaways from our conversation.🧵
#MultiversX #EntityFinance
Q: What is the process for listing #tokens on AshSwap (V2 Pools)? Is it going to be fully permissionless? If not what are the criteria for listing?
A: We would love to make it fully permissionless but at the beginning it will be better for projects to contact @ash_swap for the listing procedure, and in time this responsibility will be passed down to the #DAO.
Read 10 tweets

NFT news from the past 120h:

🔸@PUMA introduces Web3 strategy with NFT PFP launch for 75th Birthday

🔸@KPMG creates metaverse and digital twin hub in Saudi Arabia

🔸Dubai Launches first virtual shopping mall, "The Mall of the Metaverse"

#nft #nfts

🔸@nounsdao launches collection of NFT comic books

🔸@WorldGovSummit unlocks Web3 Potential for Metaverse Governance

🔸UAE Launches Financial Infrastructure Transformation Program with CBDC as Key Objective


🔸@ParisHilton launches dating metaverse - Parisland

🔸@Discovery Sports has introduced a #NFT loyalty program on @Immutable

🔸@Shopify Introduces tokegating tools for NFT Merchants

🔸@coolcats launches a new experience called "Journeys."

Read 5 tweets
Opinión impopular:

Las stablecoins como #BUSD si son securities o valor.

¿Por qué?

Expliquemos con un ejemplo:

Pedro crea una moneda estable.

Juan le entrega 1 millón de dólares a Pedro y recibe a cambio 1 millón de tokens en la blockchain.

Hasta aquí todo va bien.

Pedro, con ese millón de dólares que recibió de Juan compra bonos del tesoro de los EE.UU que pagan interéses hasta del 5% anual.

Al cabo de 1 año Juan le dice a Pedro que quiere sus dólares de regreso.

Pedro vende los bonos y le devuelve el millón de dólares a Juan.

Pedro recibió $50 mil por los interéses que generaron los bonos del tesoro. Es decir, Pedro está ganando dinero derivado del esfuerzo de Juan, y
eso es precisamente lo que determina que un instrumento sea un valor, según la Prueba de Howey como lo expliqué en este hilo. 👇

Read 4 tweets
🚨 Paxos-Binance USD Issue Sparks Concerns over Stablecoin Oversight and Backing 🤔

Sub to our TG…

🔢 What You Need to Know in 10 Bullet Points: 📝

#BUSD #Paxos #Binance #Stablecoins #Crypto 💰
1/ 🟢 #Paxos, a regulated trust company based in New York, issues and redeems the dollar-backed token #BUSD, licensed to be called "#BinanceUSD," a #stablecoin.
2/ 📉 In the past 24 hours, #BNB has dropped -6%, and around $2.4bn of shorts have been put on. But the issue does not appear to be around #stablecoins per se, what the market initially feared, but rather that #Paxos was not stringent enough with its oversight of the #BUSD.
Read 12 tweets
¿Por qué el Departamento de Servicios Financieros de Nueva York @NYDFS le ordenó a la compañía @PaxosGlobal no imprimir o emitir más tokens de la moneda estable de #Binance #BUSD?

¿Qué pasará ahora con esta #Stablecoin?

Explicaré todo de principio a fin.

[Hilo] 🧶.

¿Qué es una moneda estable o #Stablecoin?

Es una criptomoneda que se emite a través de una #blockchain y que tiene como garantía/colateral dinero FIAT, materias primas y/o otros instrumentos financieros. Esto con el propósito de mantener una paridad 1:1 con el dólar #USD.

Las Stablecoins fueron creadas para facilitar la comercialización de criptomonedas sin tener que salir del ecosistema, ya que en muchos países cobran impuestos cuando usted convierte sus criptos a FIAT, además para "proteger" a los usuarios de la volatilidad del mercado.

Read 19 tweets


Facciamo un breve #thread "storico"🧵⬇️
1/ Aprile 2022:

Mi sento nostalgico e voglio tornare a quando non esisteva #ChatGPT, gli #UFO erano lontani e @SBF_FTX era solo un trentenne disagiato.

Eravamo tutti long su #TerraClassic mentre @PaxosGlobal pubblicava questo statement su #BUSD:…
2/ Settembre 2022:

Il messaggio di Paxos è rimasto nell'ombra per mesi.

Nel frattempo l'estate ci stava lasciando e #Binance decideva di convertire tutte le #StableCoin (tranne #USDT) in #BUSD….
Read 15 tweets

La #SEC sigue imponiéndose con Regulaciones y ahora la arremetida ha sido contra Paxos, teniendo como consecuencia que no emitan más Tokens #BUSD acá te lo explico ⬇️


⏰Tiempo de lectura: 2'
En un comunicado emitido hoy 13 de febrero, la plataforma de tokenizacion y blockchain #Paxos informó que cesaría su relación con @Binance respecto a lo relacionado con la stablecoin #BUSD dejando de emitir nuevos tokens a partir del 21 de febrero…

Algunos medios reseñaron que Paxos había sido demanda por la SEC, lo que ocurrió fue que recibieron un “Aviso de Wells”,es decir, una notificación emitida por la SEC y la NASD, para informar a una compañía que será investigada por indicios de haber infligido la legislación

Read 14 tweets
El ataque a #Binance es un intento desesperado de causar FUD a #Bitcoin & #Crypto, de las manos fuertes que manipulan el mercado. Lo hicieron con #LUNA, luego #FTX,y ahora el ataque a #BUSD. Es todo una guerra de poder, para acumular lo máximo posible de cara al próximo bull run.
Saben que el próximo mercado alcista va a ser tremendo, y quieren posicionarse lo mejor posible. No quieren que se dispare aún el mercado. Están manteniendo una pelota debajo del agua, si no causaran estos ataques, #Bitcoin ya estaría en los 100K.
Su táctica es siempre la misma, cuando ven que los mercados están a punto de explotar, atacan a pilares importantes de crypto (3ª crypto en marketCap como #LUNA, 2º mayor exchange del mundo, #FTX, y ahora la stable coin de #Binance) para que los precios aún no se disparen.
Read 3 tweets
1/ Najgrubsze NEWSY ze świata krypto z poprzedniego tygodnia 🌍

Rozwiń i zobacz co Cię ominęło 👇
2/ Paxos ma zostać zbadany przez SEC.

Zarzuca im się sprzedaż nieuregulowanego #BUSD

Mają 30 dni na wyjaśnienie sprawy.
3/ Cyfrowa waluta chińskiego Banku Centralnego (CBDC) o wartości milionów dolarów została rozdana w całym kraju w okresie Chińskiego Nowego Roku w celu zwiększenia jej popularności.
Read 9 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!