Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

The majority of the new deposits came from cryptocurrency exchange clients.Silvergate CEO Alan Lane (CoinDesk archives)Jan 21, 2021 at 1:20 p.m. UTCSilvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020Silvergate Bank accepted a whopping $2.9 billion in new deposits from new and existing digital currency customers in the fourth quarter 2020,…

“We’re seeing the XRP price jump by double digits and rally above its long-held resistance levels, as rumors filter through that Ripple and the SEC have possibly agreed to a settlement,” said Henry Liu, CEO of BTSE, in a Telegram message to CoinDesk.

news Commonwealth Bank of Australia (CommBank) has co-developed a blockchain marketplace that it says could support sustainable development and reward landowners for protecting the environment. Created in partnership with BioDiversity Solutions Australia (BDS), the prototype platform uses digital tokens, dubbed BioTokens, to facilitate trading of biodiversity credits for the New South Wales Government’s Biodiversity Offsets Scheme. The…

Dec 27, 2020 at 4:00 p.m. UTCAlbert Isola, Gibraltar’s Minister for Digital and Financial Services(CoinDesk archives)DLT Regulation in 2020: Backwards or Sideways?This has been an unprecedented year in far more ways than one. Above all else, while 2020 has taught us the importance of speedy and reactive policymaking, it has also highlighted how proactive legislative…

Jan 22, 2020 at 20:00 UTCLibra has lost another Association member, but according to @nlw that’s likely low on its worries list, plus Square’s LN efforts & TON’s SEC support.News broke yesterday the Libra Association had seen its eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw…

news Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare new rules for cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies…

Sep 16, 2020 at 13:35 UTCBakkt President Adam White (CoinDesk archives)Trading volume in physically delivered bitcoin futures listed on Intercontinental Exchange’s Bakkt platform surged to record highs on Tuesday. The derivatives exchange traded record 15,955 contracts, worth more than $200 million. That's up 36% more than the previous lifetime high of 11,706 contracts on July…

Amid a rising incidence of ransomware attacks being reported this year, the U.S. Financial Crimes Enforcement Network (FinCen) issued an advisory Thursday concerning such attacks.FinCen’s advisory notes that governmental entities, and financial, educational, and healthcare institutions have been particularly targeted by these attacks. The financial watchdog’s advisory notes that the “severity and sophistication” of such attacks…

news The Australian Securities and Investments Commission (ASIC) has issued updated regulatory guidance for businesses involved with ICOs and crypto assets. Announced Thursday, the guidance details the legal obligations for cryptocurrency firms under the country’s Corporations Act, the ASIC Act and other laws. “These regulatory requirements are in place to maintain the integrity of Australia’s…