Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols. According to a CNBC investigation, employees and volunteers at Binance have allegedly been AllegedlyBinanceBitcoinBypassChinaControlscryptoexchangecustomersEmployeesExchangesKYC Read More
According to Navier, the existing two models available come with a lot of uncertainty. In the Compass Mining model, you have to trust another firm of delivering the right machines at the right time, without any damage, and then sign an agreement for hosting, and hope there are no “gotchas” BitcoincustomersFirmHashrateMarketplaceMiningNavierQualifiedStartsTokenized Read More
U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took “excessive risk,” the senator demanded answers from the CEO of Signature Bank regarding “the economically disastrous outcomes you created.”
Senator Elizabeth Warren’s Letter BankBitcoinCollapsedCryptocryptoexchangecustomersEmbracedExchangesNewsRegulationSafeguardsSignaturesufficient Read More
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills.
Crypto startup Circle, the issuer of the USD Coin (USDC) stablecoin has announced that the USDC reserve risk being nursed by the firm’s key customers has been removed. As shared in a CirclecustomersFederalPromisesReassuresRegulatorsriding Read More
The crypto debit card introduced by Bitso will have worldwide utility.
Top Latin American crypto exchange, Bitso, in partnership with Mastercard, has announced the launch of its crypto debit card for Mexican customers.
The duo first announced their partnership to launch a debit card in August 2022. Bitso’s CEO Daniel Vogel BitsoCardCryptocustomersDebitLaunchMastercardMexican Read More
Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.The guidelines came from the United States Securities and Exchange Commission (SEC), which became effective in April last year. The guidelines ask financial companies holding crypto for AccountingArgueBitcoinCryptocryptoexchangecustomersExchangesLawmakersPlacesPolicyRiskSECU.S Read More
Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up to its bankruptcy filing.According to numerous social media posts, as of Mar. 2, certain customers who held funds in Celsius’ CelsiusCustodycustomersDaysFinallyFreezeWithdrawals Read More
Customers who receive the loyalty tokens will be able to decide how they want them to be used, with several options available.
Brazilian neobank Nubank has unveiled plans to roll out its token, Nucoin, to its Brazilian customers. The bank, which has over 70 million customers in Brazil alone, first BraziliancustomersNubankNucoinRoll Read More
A move by Binance US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers.A Feb. 28 court filing shows an overwhelming majority of Voyager Digital account holders are in favor of the buyout from the United States-based arm of BinanceBitcoincryptoexchangecustomersExchangesFavoredPlanRestructuringVoyager Read More
A majority of the company's creditors also voted to opt their claims into a "wind-down entity," according to a breakdown of votes included in a declaration by Stretto director Leticia Sanchez. In that tabulation, 65% of Class 3 Ballots, referring to account holder claims, voted to opt-in, while 85% of BinanceCryptocustomersLenderMajorityPlanRestructuringVotedVoyager Read More