The case against BitMEX, an offshore crypto trading platform, has regulatory implications for the burgeoning DeFi market.
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Author: Grant Fondo
Binance is giving U.S. users 14 days to withdraw funds before their accounts are shuttered.
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Author: Colin Harper
Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost.
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Author: Brady Dale
Huobi Group unveiled Tuesday a new incubator program focused on Filecoin and backed with a $10 million investment fund.
The press release describing the launch states the incubation center will focus on investing in ecosystem projects as well as providing support to the wider Filecoin community. As part of the arrangement, Protocol Labs will provide technical advisory support to projects that join the incubator and participate in related events.
“Right now the internet is in the middle of a revolution, and, with the launch of Filecoin, it is beginning the transition back to its decentralized roots so we can all work together to safeguard this valuable resource for the world,” said Juan Benet, founder of Protocol Labs and Filecoin, in the press release.
Sharlyn Wu, the head of Huobi’s decentralized business department, will supervise the incubation center. The incubation center follows the launch of Huobi DeFi Labs, an incubator program focused on decentralized finance applications and projects.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: MK Manoylov
OKEx will compensate those users who have been frustrated by its suspension on withdrawal service.
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Author: Muyao Shen
One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years.
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Author: Nathaniel Whittemore
Janet Yellen wasn’t a fan of bitcoin when she ran the Fed. Her views as Treasury Secretary may shape crypto regulation over the next four years.
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Author: Nikhilesh De
LMAX Digital ensures access to deep institutional limit order liquidity and precise trade execution 24/7. The new record volume for 18 November 2020 and ongoing record monthly volumes confirm once again that Institutional market demands for transparent price discovery, precise ultra-low latency execution and deep liquidity are satisfied and exceeded by the LMAX Digital technology stack.
Everything we’ve learned in the global Institutional FX market has been applied to LMAX Digital, creating the market-leading institutional solution for physical trading and custodial services of the most liquid crypto currencies BTC, ETH, LTC, BCH and XRP.
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- Full custodian solution: Safe, secure, offline multi-sig. cold wallets and vault storage
LMAX Digital: secure, liquid, trusted crypto trading & custodial services.
Regulated by the Gibraltar Financial Services Commission.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Andreas Nicolos
More than 500,000 ETH have been locked into Ethereum 2.0’s deposit contract, kick-starting the network’s major, multi-year development phase.
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Author: Daniel Kuhn
Crypto exchange Binance is moving to impose stricter measures on U.S.-based users and blocking them from accessing its platform.
Previously, as The Block first reported, Binance was tracking U.S. residents based on their IP addresses and sending them a 90-day notice to withdraw funds.
Now, the exchange is sending a new email to users who have identified themselves as U.S. persons, with a much shorter notice of 14 days to withdraw funds.
The new email, shared with The Block by Binance’s customer support team, reads:
“As we constantly perform periodic sweeps of our existing controls, we noted that you are trying to access Binance while having identified yourself as a US person. Please note that as per our Terms of Use, we are unable to service US persons. Please register for an account over at our partner, Binance US.”
The email continues: “You have 14 days to close all active positions on your account and withdraw all your funds, failing which your account will be locked. Once your account is locked, you will have to raise a customer service ticket for us to assist you further.”
Decrypt first reported the existence of the emails with the 14-day withdrawal window.
The recent measures suggest that Binance is beefing up its efforts to block U.S. residents from its platform. Last year, Binance said it would stop serving U.S. residents from September. But until now, the exchange was still effectively allowing U.S. users to access its platform.
As The Block reported recently, a U.S. resident just had to click “I’m not [American]” to set up an account on Binance.com. It remains possible to create an account in this manner.
Binance did not respond to a request for comment by press time.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
