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Business · New YorkPaxos officially announced that it would end its relationship with Binance for the branded USD-pegged stablecoin BUSD.
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
62% Center coverage: 8 sources
MasterCardMastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil. The so-called Binance Card is currently in beta testing and should be widely available in the next few weeks. It will make Brazil the second country in Latin America to receive it after Argentina.
Mastercard, Binance launching prepaid card in Brazil
100% Center coverage: 5 sources
Cryptocurrency ExchangeDutch central bank fines U.S. cryptocurrency exchange 3.3 million euros. DNB says it failed to obtain correct registration in the Netherlands before offering services.Coinbase said it disagreed with the DNB's decision and was considering an appeal. The fine mirrors one handed to Coinbase rival Binance in July.
Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros
60% Center coverage: 5 sources
Business · New YorkGenesis lawyer Sean O'Neal made the comments at a Jan. 23 initial hearing at the United States Bankruptcy Court for the Southern District of New York. He added Genesis had "some measure of confidence" it would resolve disputes with creditors by the end of the week. Genesis filed for Chapter 11 bankruptcy on Jan. 19.
Bankrupt crypto lender Genesis optimistic it can resolve creditor disputes
56% Center coverage: 9 sources
Business · New YorkBankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before collapsing into bankruptcy in November 2022.
FTX sues Voyager Digital to claw back $446 million in 2022 loan payments
60% Center coverage: 10 sources
Business · New YorkCryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.
Crypto lender Genesis preparing to file for bankruptcy
55% Center coverage: 29 sources
BusinessCrypto.com announced layoffs Friday as the broader cryptocurrency industry reels following the collapse of FTX. The retail-focused exchange grew the be the third-largest cryptocurrency exchange by the size of employees. Co-founder Kris Marszalek said the company "grew ambitiously at the start of 2022"
Crypto.com announces it will lay off 20% of workforce
67% Center coverage: 3 sources
Business · New YorkBlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings. The crypto lender filed for Chapter 11 bankruptcy in Nov. 2022, citing its significant exposure to the now-defunct crypto exchange FTX for its downfall.
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
Coverage: 2 sources