Binance will lose its provider for British pounds in 9 weeks
Binance is trying to find a new service partner to process British pound transactions on its trading platform after its present partner, Skrill Limited, stated that it would quit providing services to the crypto exchange in the near future. Binance informed “Binancians” in a March 13 email that Skrill would cease processing pound deposits and […]
Gemini claims there are no funds backing GUSD at Signature Bank
Gemini claimed to have had a relationship with Signature in the past, but added that it no longer has any funds there. According to an official tweet from the company, Gemini had no cash at Signature Bank and its Gemini US Dollar (GUSD) stablecoin was not secured by any deposits at the bankrupt bank. The […]
Coinbase suspends BUSD trading amid regulatory concerns
The Binance USD stablecoin’s trade has been suspended, according to an announcement from US-based cryptocurrency exchange Coinbase. On February 27, the exchange claimed “listing standards” as the justification for its choice to stop allowing BUSD trading on March 13. The announcement from February stated: “We regularly monitor the assets on our exchange to ensure they […]
Crypto and blockchain executives join CFTC tech advisory board
The technology advisory group aims to help the CFTC “identify and comprehend the ramifications and implications of technological innovation in financial services and markets.” The Commodities Futures Trading Commission (CFTC) has shown interest in the crypto and blockchain sectors by appointing numerous leaders from the industry to its new Technology Advisory Group (TAC). Christy Goldsmith […]