digitalcurrencies
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Binance Stops Deposits and Withdrawals for UK Customers
On Monday, Binance said it would suspend withdrawals and deposits for anybody using UK currency. The news came after the world’s largest crypto exchange’s banking partner in the UK, Paysafe, said it was abandoning crypto, at least as far as Binance was concerned.
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FTX Japan Unfreezes Funds, Resumes Customer Withdrawals
Blockchain investors in Japan rejoice. The Japanese subsidiary of bankrupt crypto exchange FTX announced that customers could begin withdrawing funds from their accounts beginning on Tuesday, after a months long freeze. FTX Japan customers are among the first to get their money back following the exchange’s global collapse in November 2022.
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Senators Are Hopping Mad and Demanding Answers for the Crypto Collapse in a Hearing
Sceptical members of the Senate Banking Committee will hear from both crypto believers in a Valentine’s Day hearing to try and make sense of the recent “crypto crash” and advocate for new, more strenuous regulatory safeguards to protect consumers. The hearing comes at a pivotal moment for cryptocurrencies. Scandals, fraud, dramatic arrests, international manhunts, and…
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Coinbase Ex-Manager Pleads Guilty to Crypto Insider Trading Charges
It’s 2023 and financial crimes and their consequences have officially come to cryptocurrency. Relatively new on the laundry list of blockchain-based offences that can lead directly to jail: insider trading. A former product manager at the crypto exchange Coinbase pleaded guilty to insider trading charges on Tuesday. The news comes from a Justice Department press…