Binance denied secretly moving $1.8 billion BUSD collateral. Forbes claimed Binance left BUSD holders exposed by removing the collateral. Binance CEO said Forbes ignored deposit transactions to catego...
Tag: Clarifies
Banks Are Still Allowed to Service the Crypto Industry, Clarifies Federal Reserve
America’s 3 federal bank regulators had a clarifying message for banking organizations on Thursday: servicing the crypto industry is neither illegal nor discouraged. That said, the institutions – inc...
Binance USD (BUSD) Stabilizes at $1 After CEO Clarifies Connection to Paxos-Issued Token
The Binance USD (BUSD), the third-largest stablecoin by market cap, is returning to its intended $1 peg after Binance CEO Changpeng Zhao commented on the crypto exchange’s connection to the popular Pa...
Dubai Clarifies Rules for Crypto Companies
The government of Dubai’s stated goal of becoming a financial technology center was boosted Wednesday when its Virtual Assets Regulatory Authority (VARA) released its 2023 rulebook for regulating cryp...
Coinbase clarifies Drops halt, says NFT Marketplace will operate as usual
Coinbase has published a tweet through its official Twitter handle to clarify an issue that has been circulating within the community. According to the clarification, Coinbase is merely pausing Creato...
Judge Clarifies That Security Injunction in LBRY v. SEC Case Was Only for Direct Sale
A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized con...
Lawyer Clarifies the Flaws in SEC’s Claim that XRP Is a Security
John Deaton explains the weaknesses of the SEC’s claim that XRP was a security. The lawyer presented a 2019 provision that says crypto is not a security if used for payments. Previously, the SEC chair...
Bybit CEO clarifies company’s exposure to Genesis
On January 20, 2019, renowned cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy in the aftermath of the collapse of FTX. Genesis Global Trading filed for protec...
ByBit CEO clarifies Mirana exposure to bankrupt Genesis
ByBit CEO Ben Zhou said his exchange’s exposure to bankrupt crypto lender Genesis was restricted to its investment arm Mirana. Genesis Global’s chapter 11 filing showed that Mirana was one of its top ...
Can eRupee Be Converted To Cash? RBI Official Clarifies
The Central Bank Digital Currency or eRupee cannot be converted into cash as of now and cash cannot be converted into eRupee as well. The Reserve Bank of India will issue eRupee only to customers who ...
Huobi clarifies Korean operations: Two separate entities aiming at same market
The company confirmed that it has already broken all the ties with Huobi Korea, its former subsidiary in South Korea. Following the report about Huobi Korea’s planned buyout of its shares from Huobi G...
Bitcoin: This data clarifies whether investors should remain in fear or go all in
Investors remain terrified of trading BTC despite a possible bullish breakout. Altcoins dominated the market in the first week of 2023; although on-chain signals protected a BTC market balance. The an...
Binance clarifies USDC withdrawals were due to token swap, replenishing hot wallet
Binance CEO Changpeng ‘CZ’ Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a Dec. 13 tweet. CZ added: “These are 1:1 conversions, no margin or l...
Ankr Suffers Exploit, Binance CEO Clarifies What’s Happening
A new month, a new DeFi hack! While the situation and what happened remains unclear, it looks like a hacker has exploited the decentralized financial protocol Ankr. As Binance CEO Changpeng Zhao (CZ) ...
Coinbase clarifies bug bounty policy in response to Uber extortion verdict
In a blog post on Nov. 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclo...
Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies – Regulation Bitcoin News
Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried ...
Bitcoin, Ethereum Not Securities: Clarifies Belgium’s FSMA
Belgium’s financial regulator does not consider crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) to be securities. The Financial Services and Markets Authority (FSMA) released a statement in whi...
Binance clarifies initial $1 billion recovery fund deposit came from own assets
Crypto exchange Binance clarified that an initial $1 billion deposit to its crypto industry recovery fund came from its own assets after details of the transferring wallet raised questions among some ...
Belgium’s FSMA clarifies Bitcoin, Ethereum are NOT securities
In a major win for stakeholders of the crypto-industry, the Financial Services and Markets Authority (FSMA) of Belgium has clarified that Bitcoin, Ethereum, and other decentralized cryptocurrencies do...
Binance CEO Clarifies Rumors Around API Leak
On November 13, a Binance user reported that someone gained access to his account. In addition to this, he said someone placed a big order on the AXS token, purchasing the digital assets for $1 millio...
AAX Exchange Clarifies Withdrawal Halt Due to System Upgrade
12 seconds ago | 2 mins read Exchange News Some others were worried that the exchange would go the way of FTX and BlockFi. AAX vice president Ben Caselin acknowledged the upgrade’s inconvenient timing...
‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
False information spreading online suggested that the president of El Salvador, Nayib Bukele, was seeking the immediate extradition of FTX CEO Sam Bankman-Fried along with Alameda Research co-CEO Sam ...
Eli Lilly Clarifies It’s Not Offering Free Insulin After Tweet From Fake Verified Account—As Chaos Unfolds On Twitter
Topline Pharmaceutical company Eli Lilly clarified Thursday it is not offering free insulin, after a fake Twitter account—which was verified through Twitter Blue, a new subscription service implemente...
FTX Clarifies Difficulty In Bitcoin Transactions Amid FTX-Binance War
Crypto exchange FTX’s founder Sam-Bankman Fried earlier ensured users that deposits and withdrawals are working fine, clarifying rumors surrounding illiquidity. As users faced difficulty removing thei...
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements – Regulation Bitcoin News
The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain rep...
Apple clarifies App Store rules on NFTs and crypto exchanges
Join Our Telegram channel to stay up to date on breaking news coverage Apple has clarified the App Store rules surrounding non-fungible tokens (NFTs) and cryptocurrency exchanges. The rules touch on t...
Terra Classic Team Clarifies Binance Role In Neblio Deal
– Advertisement – Terra Rebels say Binance only played an introductory role in the sponsorship deal with Neblio. In a tweet today, Terra Rebels, an independent group of volunteers working ...
FTX CEO ‘SBF’ Clarifies Self-proposed Regulatory Standards
Exchange News A Twitter user called the idea a “step backwards.” Erik Voorhees said that the CEO was praising the OFAC. After the proposal for a legal framework for cryptocurrencies by FTX founder an...
Justin Sun Clarifies Over Recent $236M USDC Transfers
5 hours ago | 2 mins read Altcoin News In the last three weeks, Justin Sun has sent roughly $236 million to Circle. As the company expands, more resources will be devoted to supporting it. Justin Sun,...
Binance Does Not Use Uniswap (UNI) Tokens to Vote, Clarifies CZ
After Binance became the second-largest entity by voting power in the Uniswap DAO, the CEO of the popular DEX, Hayden Adams, took it to Twitter to describe the situation as “unique” while adding that ...
Jeremy Hogan Clarifies “Confusion” Regarding Release of Hinman Emails
Tomiwabold Olajide Judge ordered SEC to turn over emails but did not specifically state when Concerning the ongoing Ripple lawsuit, Attorney Jeremy Hogan has taken to Twitter to clarify a seeming R...