Crypto Calendar News

2023-04-02 06:42:02 U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

The U.S. government has a “substantial case on the merits” in its bid to quash a $1 billion deal by Binance.US to buy the assets of bankrupt crypto lender Voyager, a New York judge said Friday. District Judge Jennifer Rearden said she’d try and move quickly to settle a dispute, given that delays could cost as much as $10 million per month for the estate.

Earlier in March, U.S. Bankruptcy Judge Michael Wiles approved the sale, but this week Rearden said she would put that on hold while she considered objections from the U.S. Attorney that the contract effectively rendered Voyager immune by exculpating it from breaches of tax or securities law. Government arguments have “gone entirely unrebutted” by Voyager and its creditors, “neither of which has provided any authority for the proposition that a bankruptcy court can release criminal liability,” Rearden said. Binance's U.S. arm bid for Voyager last year after FTX, the previous bidder, itself collapsed.

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2023-04-01 07:04:02 UK economic crime plan looks to tighten grip on crypto kleptocrats and fraudsters

The UK Treasury and Home Office plan to tighten their grip on crypto money launderers and kleptocrats, according to the latest three-year Economic Crime Plan published on Thursday. As part of this, the UK expects criminals will use less-regulated crypto exchanges and services in the future, requiring more coordinated law enforcement action between countries.

"The government will set out ambitious plans to protect consumers and grow the economy by robustly regulating cryptoasset activities – providing confidence and clarity to consumers and businesses alike," the policy paper reads, adding that this is in order to make the UK "an attractive destination for cryptoassets and cryptoasset innovation in the world.". The plan points to goals such as cutting fraud, reducing money laundering, recovering criminal assets, combatting kleptocracy and driving down sanctions evasion.

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2023-03-31 10:14:02 Gemini Want To Launch Overseas Crypto Derivatives Exchange

The Information reported Wednesday that the US-based cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, is aiming to start an international cryptocurrency derivatives exchange, citing two individuals familiar with the situation. The exchange would particularly provide perpetual futures, a sort of derivative that is prohibited in the United States for regular traders since it would not have an expiry date.

Nevertheless, international crypto derivatives exchanges have gotten a lot of attention in the days after the Commodities Futures Trading Commission (CFTC) filed a lawsuit against Binance, the world’s biggest crypto exchange, by trading volume. Binance was accused of violating US futures trading regulations and operating unlawfully in the US, according to the regulator. Gemini’s move follows the demise of the multinational crypto exchange FTX, which created greater opportunities for other trading platforms to gain market share in derivatives trading. Coinbase, a cryptocurrency exchange located in the United States, is allegedly considering a similar deployment.

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2023-03-30 21:16:41 Crypto Calendar News pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

2023-03-30 21:16:39 Leading CryptoNews Channel
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2023-03-30 06:44:02 SyncSwap Reaches $5 Million In TVL After Launching On zkSync Era

SyncSwap, the decentralized exchange on zkSync 2.0 (now known as zkSync Era), has officially gone live. This project, which was launched in April 2022, had a campaign seeking testnet participants, and it is anticipated that participating members would be airdropped. SyncSwap claims that with its freshly designed interface and fantastic Layer 2 technology, consumers will have the smoothest trading experience ever while using even more functionality.

Several features are included in SyncSwap, including pool metering support, configurable charge structure, sophisticated routers, voting and governance escrow token architecture, and many more. With a freshly developed interface and powerful Layer 2 technology, the floor is particularly focused on user experience. Users will have the smoothest trading experience ever, with maybe more features. According to Dune Analytics, zkSync has reached over 2 million transactions this week, with the 7-day average transaction volume reaching a record high. The total number of transactions has already crossed 20 million. This is a significant advancement with the release of the zkSync Era.

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2023-03-29 07:57:02 Binance Sees $850M Withdrawal Amid CFTC Indictment

Binance CEO Changpeng Zhao has been accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC). The indictment comes after nearly $1.5 billion in crypto was reportedly withdrawn from centralized exchanges such as Binance, Kraken, Coinbase, and Bitfinex. More than half of that amount, specifically $850 million, taken out from Binance.

The CFTC filed a suit against Binance and CZ in the U.S. District Court for the Northern District of Illinois, alleging that the company failed to meet its regulatory obligations by not properly registering with the derivatives regulator. Binance allegedly conducted transactions in Bitcoin, Ether, and Litecoin for U.S. citizens since at least 2019. In addition to the CFTC’s lawsuit, Binance is also under investigation by the Internal Revenue Service (IRS) and federal prosecutors. The Securities and Exchange Commission (SEC) is investigating whether Binance allowed U.S. traders to access unregistered securities.

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2023-03-28 09:18:15 Crypto Calendar News pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

2023-03-28 09:18:13 Leading CryptoNews Channel
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2023-03-28 07:29:02 Hong Kong Crypto Firms Found Potential Support From Chinese Bank Branches

According to Bloomberg News, people familiar with the matter say that the Hong Kong branches of the Bank of Communications of China, Bank of China, and Shanghai Pudong Development Bank may have started offering banking services goods to local crypto companies or doing field investigations. At least once, a sales representative of a Chinese bank visited a crypto company’s office to showcase their services.

Despite the fact that trading in cryptocurrencies has been prohibited on the Chinese mainland for well over a year, Chinese banks have been directly contacting cryptocurrency businesses over the past few months. This indicates that Beijing supports the city’s efforts to become a major digital asset hub. The lenders are filling a hole left by the failure of American tech banks Silicon Valley Bank, Silvergate Capital, and Signature Bank, which makes it a good time as well. Bank of China, Bank of Communications, and Shanghai Pudong Bank did not respond to requests for comment at press time.

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