Binance commingled customer cash, corporate revenue, Reuters says
In its latest report, Reuters claims that Binance violated U.S. financial rules regarding the strict church-state separation of customer funds from company revenue in 2020 and 2021.
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MicroStrategy turns rare profit, may dump BTC to pay long-term debt
MicroStrategy announced that it generated revenue of $121.9 million in the first three months of 2023, a 2.2% rise from the same period last year, but the company booked an operating loss of $20.3 million.
Silvergate Bank enters liquidation; Signature in short-seller sights
Silvergate Capital Corporation cites the recent regulatory developments for its decision to liquidate the bank, while Signature stresses its ties in the asset space are limited to the U.S. dollar.
‘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.
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denies that Changpeng Zhao has more control over the platform than the execs themselves, adding that Reuters has used "outdated information."
Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary
The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and its affiliated market-maker Alameda Research, according to Bloomberg.
Crypto.com scrambles to calm customers after Lithuania banking crackdown
Singapore-based Crypto.com responded to the loss of service by informing its customers that Euro deposits and withdrawals had been “temporarily disabled.”
Silvergate Bank signs 59 new crypto clients in Q4 2018
Silvergate Bank has shown impressive growth despite the down market, bringing on an additional 59 crypto clients.
Silvergate Bank serves close to 500 crypto ventures, IPO filing reveals
Silvergate Capital Corporation, the parent company of SilverGate Bank, has revealed its connections with the cryptocurrency industry.