‘Crypto’ firms unbank themselves from struggling Silvergate
Silvergate notified the U.S. SEC that it wouldn't be filing the annual report on its fiscal health by March 16, insisting it "requires additional time" to fully diagnose its shortcomings.
Articles By Steven Stradbrooke:
Binance denies reports that other B-tokens are insufficiently backed
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
‘Crypto’ bankers unnerved by TD Bank’s $1.2 billion Ponzi settlement
TD Bank Group stated that it had agreed to a “settlement in principle relating to litigation involving the Stanford Financial Group,” which sees them pay US$1.205B to the court-appointed receiver.
FTX’s Nishad Singh pleads guilty, tightens legal screws on Sam Bankman-Fried
Nishad Singh entered guilty pleas to six criminal charges, including wire fraud, conspiracy to commit securities fraud, money laundering, and violate campaign finance laws.
Coinbase delisting BUSD as SEC stablecoin scrutiny mounts
BUSD trading on Coinbase will be suspended on March 13, but BUSD holders will continue to have access to their funds and make withdrawals whenever they want.
Courts losing patience with crypto’s ‘it’s Chinatown’ defense
U.S. District Judge Kenneth Marra found ‘The Ren Project’ in civil contempt after it failed to reply to a ‘show good cause’ court order in a class action suit brought by customers of Cryptsy.
Jack Dorsey’s Block lost $553 million in 2022 as BTC loses luster
Despite claiming that its overall revenue in Q4 is 'relatively consistent' from Q3, figures show that it was a tough time for the Block, with its losses amounting to $114 million by the end of 2022.
BSV’s low transaction fees make it enterprises’ only blockchain option
Apart from its cost-effective system, BSV's boundless capacity is ideal for governments developing their CBDCs as it seeks to continue working with the law and offering hope for technical neophytes.
Coinbase says ‘crypto’ needs ‘scalability’ but exchange still shuns BSV
Recent figures show Coinbase generated revenue of just under $3.15 billion last year, down from $7.35 billion in 2021.
Bitcoin token recovery is not a fork
Token recovery only freezes stolen assets on the blockchain before being removed and reissued at the tip of the chain, and no fork is necessary for this, whether it is hard or soft.
US officials to meet with ‘crypto’ crooks to discuss European regulations
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
Binance boss Changpeng Zhao controls Binance.US bank accounts: Reuters
Responding to the damning report, a spokesperson from Binance.US denies that Changpeng Zhao has more control over the platform than the execs themselves, adding that Reuters has used "outdated information."