NYDFS ORDERS PAXOS TO CEASE MINTING BINANCE USD STABLECOIN |1300 HKT | 0600 UKT | 14 February 2023

by Александр Пирогов | Feb 14, 2023 | Blog News

The New York Department of Financial Services (NYDFS) has reportedly ordered Paxos Trust Company to cease minting Binance USD stablecoin due to several unresolved issues related to the company’s oversight of its relationship with Binance regarding Paxos-issued BUSD....

CRYPTO ATM OPERATOR COIN CLOUD FILES CHAPTER 11 BANKRUPTCY IN US COURT |1300 HKT | 0600 UKT | 10 February 2023

by Александр Пирогов | Feb 10, 2023 | Blog News

The world’s second-largest crypto ATM operator Coin Cloud has reportedly filed Chapter 11 bankruptcy in US Bankruptcy Court for the District of Nevada. Chris McAlary, Coin Cloud founder, CEO and president said the company had the support of its largest creditors and...

KRALEN AGREES TO PAY $30 MILLION AND CEASE ITS STAKING PROGRAMS TO SETTLE THE SEC’S CHARGES |1300 HKT | 0600 UKT | 10 February 2023

by Александр Пирогов | Feb 10, 2023 | Blog News

Cryptocurrency exchange Kraken has reportedly reached an agreement with the US Securities and Exchange Commission (SEC) to settle the commission’s charge of failing to register the offer and sale of crypto asset staking-as-a-service program. The SEC said the company...

LOCALBITCOINS TO SHUT DOWN ITS BITCOIN TRADING SERVICE |1300 HKT | 0600 UKT | 10 February 2023

by Александр Пирогов | Feb 10, 2023 | Blog News

Finland-based peer-to-peer crypto exchange platform LocalBitcoins announced the decision to cease its operation on 9 February. Despite its continued effort to surmount difficulties during the ongoing crypto winter, CEO Nikolaus Kangas said the company could no longer...

SBF’S RESTRICTIONS ON USING MESSAGING APPS WILL BE EXTENDED TO 21 FEBRUARY |1300 HKT | 0600 UKT | 10 February 2023

by Александр Пирогов | Feb 10, 2023 | Blog News

US District Court Judge Lewis Kaplan extended the restriction to FTX’s founder Sam Bankman-Fried on using encrypted messaging apps as one of the bail conditions on 9 February. The judge reportedly said he was far less interested in SBF’s convenience than in he...

BINANCE TEMPORARILY SUSPENDS USD BANK TRANSFERS STARTING FROM TODAY|1300 HKT | 0600 UKT | 8 February 2023

by Александр Пирогов | Feb 8, 2023 | Blog News

Crypto exchange Binance announced on 6 February that it would temporarily suspend USD deposits and withdrawals using bank accounts starting from 8 February. The exchange spokesperson said only 0.01% of its monthly active users leverage USD bank transfers and the...