Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation. Go to Source Powered by WPeMatico
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Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. Go to Source Powered by WPeMatico
Breaking: Coinbase fined $3.6M in the Netherlands
United States-based crypto exchange Coinbase is fined 3.3 million euros ($3.6 million) by the Dutch central bank for the lack of registration. Go to Source Powered by WPeMatico
Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company
The former chief product officer will receive a healthy severance package, as he departs from his previous role at the exchange. Go to Source Powered by WPeMatico
Binance holds token collateral and user funds on same wallet by ‘mistake’
Binance previously said the firm’s corporate holdings are recorded in separate accounts and should not form part of the proof-of-reserves calculations. Go to Source Powered by WPeMatico
NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
“A VCE’s customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship,” said the NYDFS. Go to Source Powered by WPeMatico
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders … Read more
Bitcoin price rally provides much needed relief for BTC miners
Bitcoin’s prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners. Go to Source Powered by WPeMatico
Bybit CEO offers clarity on exposure to Genesis, but community demands more
The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO. Go to Source Powered by WPeMatico
FTX-linked Moonstone bank to exit the crypto space
Following the collapse of FTX, the company has decided to rebrand and exit the crypto space. Go to Source Powered by WPeMatico