Silvergate, A Cryptocurrency Lending Bank, To Liquidate Following A Fallout With FTX
Silvergate Capital, a bank that has been lending to the cryptocurrency industry for a decade, has announced that it will shut down and liquidate. The decision was attributed to recent industry and regulatory developments.
Binance.US's $1.3 Billion Takeover Of Voyager Gets The Go-Ahead From US Bankruptcy Court
Judge Michael Wiles of the US Bankruptcy Court has authorized Voyager's reorganization plan, which calls for Binance.US to buy the business. As part of the agreement, Binance.US will hand over the crypto assets placed by Voyager clients, which were assessed at $1.3 billion in February, and give $20 million in cash to Voyager.
Binance Once Planned to Evade US Scrutiny, New Texts and Documents Confirm
There is a high level of interconnection between Binance.com and Binance.US, including shared personnel and financial resources, as well as an affiliated entity.
Major UK Banks Restrict Crypto Purchases as FCA Standardizes Crypto Industry
The Hongkong and Shanghai Banking Corporation (HSBC) and National Building Society have joined the growing list of mainstream UK banks that have restricted crypto purchases. Both banks have barred customers from using credit cards to buy crypto, while Nationwide has reduced the debit card transaction limit for crypto to £5,000. These decisions follow efforts by the UK Financial Conduct Authority (FCA) to standardize the digital asset industry and regulate the use of cryptocurrencies, which the FCA deems as “high risk”.
Binance CEO Reiterates Support for Voyager Deal Despite SEC Objections
Binance, one of the world's largest cryptocurrency exchanges, has reaffirmed its support for the Voyager deal, despite objections raised by the US Securities and Exchange Commission (SEC).
U.S. Bankruptcy Judge Criticizes SEC's Vague Doubts on Crypto Lender Voyager Digital's Binance.US
A bankruptcy judge in the United States has slammed the Securities and Exchange Commission (SEC) for raising vague concerns about crypto lender Voyager Digital's proposed sale to Binance.US
French Parliament Endorses Strict Licensing Requirements for Cryptocurrency
The French National Assembly has decided to tighten registration requirements for cryptocurrency service companies in the nation. The action is intended at matching French law with planned European Union (EU) regulations.
Kolon's Top Executive and Binance Collaborate to Create a Crypto Exchange in South Korea
Binance, the world's biggest cryptocurrency trading platform, is said to be in talks with Lee Woong-yeol, the senior head of Kolon Group, a South Korean pharmaceutical and textile company, about launching a new virtual asset exchange in the nation.
VISA Remains Committed to Investing in Crypto Sector Despite Recent Failures
Despite recent industry disasters, Visa, the world's biggest credit card business, stays dedicated to spending in the bitcoin field and backing its core technology. According to a representative, Visa's crypto strategy and emphasis have not altered, and the company intends to continue spending on connecting both networks and technologies developing in the crypto environment.
Stablecoin Supply Declines Despite BTC And ETH Gains
The remarkable performance of Bitcoin this year has yet to stimulate investment in other cryptocurrencies such as stablecoins, as evidenced by the decline in stablecoin quantity.
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