COIN BUREAU NEWSFLASH! – (09/05/23) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (09/05/23)
Here are some of today’s most important headlines:
P2P Bitcoin Exchange Paxful Back Online After Temporary Suspension
Peer-to-peer Bitcoin exchange Paxful has reportedly resumed operations after being shut down for over a month. Notably, the marketplace had shut down in April after Paxful CEO Ray Youssef and co-founder Artur Schaback lobbed allegations at each other over misappropriation of company funds, money laundering and evasion of United States sanctions against Russia. According to Schabeck, Paxful is currently owned by a custodian, who serves as a director in addition to both Schabeck and Youssef.
https://www.coindesk.com/business/2023/05/08/paxful-marketplace-back-online-following-temporary-suspension
Bittrex Files for Bankruptcy Protection Less Than a Month After SEC Charges
Yesterday, crypto exchange Bittrex filed for Chapter 11 bankruptcy protection in the District of Delaware. Notably, the filing comes months after the exchange announced it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC).
The bankruptcy covers its Seattle-based entity Bittrex, Inc, two Bittrex entities in Malta and an affiliated entity Desolation Holdings LLC. According to the filing, the exchange estimates it has more than 100,000 creditors, with estimated liabilities and assets both within the $500 million to $1 billion range.
https://www.theblock.co/post/229861/bittrex-files-for-bankruptcy-protection-less-than-a-month-after-sec-charges
Human ID Project ‘Worldcoin’ Launches Gas-Free Wallet Only for Humans
Open AI founder Sam Altman’s crypto project, Worldcoin, has reportedly launched a gas-free crypto wallet for verified humans called the “World App.” The wallet currently runs on the Polygon network and works on both Android and iOS operating systems. Users can hold and transfer USDC, DAI, ETH, WLD and WBTC on the wallet gas-free as long as they are verified by the project’s “World ID” system which discriminates between humans and bots. In order to be verified by the system, users must supply a phone number or iris scan.
https://cointelegraph.com/news/human-id-project-worldcoin-launches-gas-free-wallet-only-for-humans
Binance to Bring Bitcoin NFTs to Its Marketplace Through Ordinals Support
Earlier today, crypto exchange Binance announced that it was bringing support for Ordinals inscriptions on its NFT marketplace later this month. The move is expected to further grow Binance’s “multi-chain ecosystem.”
Binance’s Head of Product Mayur Kamat stated,
“Bitcoin is the OG of crypto. We believe things are just getting started here and can’t wait to see what the future holds in this space.”
https://decrypt.co/139389/binance-to-bring-bitcoin-nfts-to-binance-nft-marketplace-through-ordinals-support
Bankman-Fried Asks Judge to Dismiss Post-Extradition Charges
Sam Bankman-Fried (SBF), the former CEO of FTX, has reportedly asked a judge to dismiss the several criminal charges which were filed after his extradition from the Bahamas. SBF’s legal team argued that the charges violate the terms under which the Bahamian government extradited Bankman-Fried to the U.S. to face prosecution.
The filings state,
“After Mr. Bankman-Fried returned to this country, the government superseded the original indictment, not once but twice, improperly adding several new, unrelated charges without first obtaining the express consent of the Bahamian government.”
https://www.bloomberg.com/news/articles/2023-05-09/bankman-fried-asks-judge-to-dismiss-post-extradition-charges
