Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 17 (Reuters) – The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. … Read more

Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information

Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello Acquire Licensing Rights Sept 1 (Reuters) – Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of … Read more

PayPal launches dollar-backed stablecoin, boosting shares

PayPal launches dollar-backed stablecoin, boosting shares

The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Aug 7 (Reuters) – Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. PayPal’s announcement, which lifted … Read more

Terraform Labs must face US SEC fraud allegations, judge rules

Terraform Labs must face US SEC fraud allegations, judge rules

NEW YORK, July 31 (Reuters) – Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed … Read more