In a statement, Coinbase stated that it would stop trading the Binance Dollar (BUSD) on March 13 due to “listing criteria.” Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime will all be affected by the ruling. The third-largest stablecoin in terms of market capitalization is BUSD. On February 13, Paxos was ordered to stop issuing BUSD by the New York State Department of Financial Services, which caused a $2 billion decline in market worth within days. On February 21, Coinbase is in “productive” discussions with the SEC. News Sorce

Solana Labs’ creator and CEO, Anatoly Yakovenko, has brushed down suggestions that a heavy validator message load and its on-chain voting system are to blame for the network disruptions. According to him, the votes help to simultaneously give an “extraordinary level of security, great throughput, and affordable prices.” According to DBCryptoX, validator messages and on-chain votes make approximately 90–95 percent of transactions on Solana, which are clogging the network. Additionally, they assert that because validators must get together and reach a consensus utilizing off-chain methods, network outages last for 20 hours. Several commenters, however, reject their theory. Cointelegraph’s request for comment from Solana Labs has not received a response. News Sorce