In the latest developments in the "crypto" space, Tether's secret banking ties are put on the spotlight after partnering with Britannia Bank & Trust, while Binance ceases support for BUSD products.
Following the weekend news, Justin Sun tweeted to reassure Tron and Huobi customers that he remained a free man, while Huobi issued a blog post insisting that the exchange "is operating as usual."
Hong Kong-based First Digital Group celebrated the debut of the new FDUSD stablecoin on Binance, but little do they know that the U.S. dollar-backed FDUSD appears to have tripped down the red carpet.
Binance has until July 27 to file its response to the CFTC suit, but the exchange is asking the court for permission to exceed the 15-page limit for such responses.
Binance.US issued a notice to customers regarding a “temporary shortage in the concentration of BCH on the BCH network,” which left many confused as to what exactly they’d just read.
Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is cracking down on.
Most prominent exchanges are likened to casinos and tokens as chips, with no practical purpose, leading to crypto wash trading being endemic to the digital asset sector.
Huobi Global is facing another hurdle in its operations, this time in Malaysia, over a suspected violation of the Capital Markets and Services Act, forcing the Securities Commission to halt its operations.
May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia, opening up another front in its long-running war against compliance.
Poloniex allegedly allowed users based in Syria, Crimea, Iran, and Sudan to make over $15 million worth of trades on the exchange despite knowing their location, authorities said.
Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.