Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

March 13, 2023 Bitcoin.com

Binance Converts Billion BUSD Into Bitcoin, BNB, and Ethereum

asset

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles […]

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

March 12, 2023 Bitcoin.com

appropriately capitalized

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner

February 16, 2023 Bitcoin.com

administrative expenses

The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars. The U.S. Trustee’s Argument for an Independent […]

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Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

February 11, 2023 Bitcoin.com

bitcoin.com

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

February 7, 2023 Bitcoin.com

attorney

Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Belarusian Fined $1 Million for Illegal Crypto Trading

January 13, 2023 Bitcoin.com

Belarus

A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors

August 3, 2022 Bitcoin.com

Acquisition

Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the […]

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Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

July 7, 2022 Bitcoin.com

ACCESS

Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its representatives were not even summoned to attend. Crypto News Site Bits.media Again Available to Russian Readers as Roskomnadzor Delists It Bits.media, the source for crypto-related […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Alexander Vinnik Serves Prison Term in France but No Freedom in Sight

July 5, 2022 Bitcoin.com

Alexander Vinnik

Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer. US Extradition Continues to Haunt BTC-e’s Alexander Vinnik The alleged […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent

May 24, 2022 Bitcoin.com

Arrest

The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have […]

Decision

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