Binance.US to Delist TRX, Price Drops 5.4%
Binance.US, a cryptocurrency exchange set up by Binance to serve US customers, will delist the native token of the Tron blockchain, TRX, on April 18. The exchange said its digital asset monitoring process considers a range of factors, including changes in a token's risk profile, regulatory standing, and unethical conduct. The announcement follows the US Securities and Exchange Commission's legal action against Tron founder Justin Sun and three of his firms for the "unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT)." Binance will also delist Spell, a token associated with the lending platform abracadabra.money. (forkast)
Tron’s TRX Down 6% as Binance.US Delists Token
Tron’s TRX token has been delisted on Binance.US. TRX dropped 6.4% on the news, according to CoinDesk market data.
Binance.US Will Delist Spell (SPELL) & TRON (TRX) on April 18, 2023
TRON (TRX) Staking will be disabled on April 13, 2023, at 4 a.m. PDT / 7 a.m. EDT, and will be delisted at 5 p.m. PDT / 8 p.m.
Binance.US Struggles to Find Bank to Take Its Customers’ Cash
The U.S. affiliate of global crypto exchange Binance has struggled to find a bank for its customers’ cash after the failure of Signature Bank left it without a key banking partner, people familiar with the matter said.
Crypto Evening Briefing: Saudi Arabia’s $620B Wealth Fund Has Backed Crypto-Friendly VCs
Saudi Arabian wealth fund Sanabil now discloses its investments across the venture capital space, and many of them are into crypto.
Voyager-Binance.US Legal Fight Must Be Resolved by April 13, Court Documents Say
Voyager, a bankrupt crypto lender, and its creditors could lose $100 million if legal objections by the US government are not resolved by April 13, according to legal documents filed on Monday. Voyager is taking legal action to allow a $1 billion purchase by Binance.US to go ahead, fearing that ongoing contractual drafting quibbles could see the exchange pull out. Under the terms of the deal, Binance.US can back out if it isn't closed within four months. Lawyers for the US government have protested that the detailed terms of the contract would absolve the company from breaches of tax or securities law.
U.S. Government's Case Against Voyager-Binance.US Merger Given Weight by Judge
A US District Judge has halted the acquisition of bankrupt crypto lender Voyager Digital by Binance.US pending a government appeal. While a previous judge had allowed the acquisition to proceed despite the government's opposition, the latest ruling from Judge Jennifer Rearden requires the two firms to wait for the government to prepare and file its appeal. A court filing in the case showed that 97% of Voyager Digital's account holders supported the acquisition by Binance, but various US regulators have expressed opposition to the deal, including the Securities and Exchange Commission. Voyager Digital filed for Chapter 11 bankruptcy in July 2021, and Binance agreed to acquire the bankrupt crypto lender in a deal valued at $1 billion.
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.
Binance.US Temporarily Suspends Various Transfer Methods, Including Wire and Debit Card Deposits
Binance.US is transitioning to new banking and payment service providers over the next several weeks.
Binance.US Transitioning to New Bank Providers, Briefly Limiting Deposits and Withdrawals
Binance.US said that some deposit and withdrawal services will be temporarily unavailable as it transitions to new services in a status update on March 31.
