The company said that it would no longer allow trades with U.S. dollars on its platform. Customers were urged to withdraw funds by Tuesday.
Category: Virtual Currency
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Founders of Three Arrows, Failed Crypto Fund, Are Living Large
The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world.
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Binance Halts Trading in Dollars on Binance.US
Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week.
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Binance Moved Billions Through Two U.S. Banks, Regulators Say
The S.E.C. shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies.
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PGA Tour-LIV Golf Deal Bolsters Saudi Arabia’s Global Ambitions
An agreement to merge LIV Golf with the PGA Tour is the latest step in the kingdom’s push to become a global force beyond oil.
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Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets
The S.E.C.’s actions indicate a push to require crypto businesses offering securities to follow the same rules as traditional stock and bond exchanges.
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Crypto Firms Start Looking Abroad as U.S. Cracks Down
As the country becomes one of the world’s strictest crypto regulators, companies are exploring plans to expand internationally and possibly leave entirely.
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SEC Accuses Coinbase of Breaking Market Rules
The regulator said that the cryptocurrency trading platform allowed users to trade unregistered securities, a day after it accused the crypto platform Binance of mishandling funds.
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S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators
The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao.
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Mountain of FTX Evidence: Emails, Chat Logs, Code and a Notebook
Prosecutors investigating Sam Bankman-Fried, the cryptocurrency exchange’s founder, have accumulated more than six million pages of documents and other records.
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Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.
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Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies
The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.