Crypto Industry News

The crypto industry is quite turbulent, but also innovative, impactful, or even fun. Many dozen events of all kinds happen each day, giving crypto enthusiasts plenty to keep them interested.

We dig for the best stories to share them with readers and have quite a few news categories here on TradeCrypto for all these stories. But whatever news on the many crypto companies and events doesn’t fit anywhere else, goes in the general crypto industry news.  

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Binance U.S. rolls out mobile Pay service
Crypto Industry News
Binance US rolls out mobile Pay service

The sister company of Binance rolled out a seamless zero-fee Pay feature for its U.S. customers. Continuing its idea to become the most customer-friendly crypto exchange, Binance U.S. presented a peer-to-peer Pay feature: Pay on Binance.US makes transferring or gifting crypto as seamless as cash, enabling instant, zero-cost crypto transfers for all Binance.US customers. Pay […]

14.12.2022 11:252 min read
Binance halts USDC withdrawals
Crypto Industry NewsBUSD
Binance halts USDC withdrawals

The largest crypto exchange, Binance, temporarily halted USDC stablecoin withdrawals due to a “token swap.” Other stablecoins are not affected. The paused USDC withdrawal happened amidst FUD in recent days, both in media outlets and on Twitter. In short, halted withdrawals of USDC add to already growing investor concerns about the stability of Binance following […]

13.12.2022 10:502 min read
Sam Bankman-Fried to testify on House Committee hearing
Crypto Industry News
Sam Bankman-Fried to testify on House Committee hearing

The former CEO of the recently bankrupt crypto exchange FTX, Sam Bankman-Fried, has confirmed his attendance at the upcoming House Financial Services Committee hearing. On Dec. 9, Sam Bankman-Fried tweeted: The tweet was a response to House Financial Services Committee chair Maxine Waters’s official invitation from Dec. 2. Maxine Waters stressed Sam Bankman-Fried’s attendance is […]

09.12.2022 15:092 min read
Coinbase proposes to switch USDT to USDC
Crypto Industry News
Coinbase proposes to switch USDT to USDC with no fees

U.S. crypto exchange and co-founder of USDC, Coinbase, urges its customers to switch USDT to the trusted and reputable USDC with zero fees. In the official announcement from Dec. 8, the company states: At Coinbase, we’re focused on stability and trust. Today’s announcement represents one step on that journey – enabling global customers to convert […]

09.12.2022 11:152 min read
Binance's bitcoin reserves are overcollateralized
Crypto Industry NewsBitcoin
Binance’s bitcoin reserves are overcollateralized

Crypto exchange Binance has published a proof-of-reserves, audited by financial advisory firm Mazars, showing that Binance’s bitcoin reserves are overcollateralized. Binance underwent proof-of-reserves by Mazars on Nov. 22. To date, Binance bitcoin reserves were overcollaterised by 101%: At the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total […]

08.12.2022 12:492 min read
Blockstream may lose its unicorn status
Crypto Industry News
Blockstream may lose its unicorn status

Bitcoin and blockchain technology company Blockstream is seeking fresh capital at a much lower valuation than last year’s $3.2 billion. Canada-based Blockstream raised $210 million in August 2021 in a Series B round with U.K. investment firms Baillie Gifford and Ifinex. The capital raised in that round gave Blockstream a valuation of $3.2 billion. Founded […]

07.12.2022 11:142 min read
Sam Bankman-Fried refuses to testify at the upcoming U.S. House committee hearing
Crypto Industry News
SBF refuses to testify at the upcoming U.S. House Committee hearing

The U.S. House Financial Services Committee has scheduled a hearing on the FTX collapse, and Sam Bankman-Fried is unlikely to testify due to his unpreparedness. In response to Financial Services Committee Chair Maxine Waters’s official invitation to testify at the hearing scheduled on Dec 13, Sam Bankman-Fried tweeted that he probably won’t participate due to […]

05.12.2022 13:202 min read
Gemini get regulatory approval in Italy and Greece
Crypto Industry News
Gemini gets regulatory approval in Italy and Greece

Days before the struggle with unlocking its Earn product, crypto exchange Genesis received regulatory approval from Italy and Greece. Gemini was registered as a virtual currency operator with the help of Organismo Agenti E Mediatori (OAM), Italy’s payment service regulator, on Nov 3. And as a custodial wallet provider and provider of exchange services between […]

30.11.2022 14:342 min read
Genesis creditors seek to avoid bankruptсy
Crypto Industry News
Genesis creditors seek to avoid bankruptcy

Citing a Bloomberg anonymous source, several Genesis clients hired restructuring advisers to avoid the company’s filing for Chapter 11 bankruptcy. One group of creditors is currently working with Proskauer Rose law firm, and another is getting advice from Kirkland & Ellis. The information was shared with Bloomberg by an unidentified source close to the matter. […]

30.11.2022 12:072 min read
Binance acquires Japanese exchange SEBC
Crypto Industry News
Binance acquires Japanese exchange SEBC

Binance got its first license in East Asia by acquiring Japan-based licensed crypto exchange Sakura Exchange BitCoin. Last year, Japan’s Financial Services Agency listed another warning to Binance on operating in Japan without registration. Back in the day, Binance replied by saying it “does not currently hold exchange operations in Japan, nor do we actively […]

30.11.2022 10:162 min read
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