Shirin Emami, executive deputy superintendent for banking at the New York State Department of Financial Services, breaks down why Bittrex was denied a BitLicense. Emami cites deficiencies in the areas of transaction monitoring, customer identification, and listing standards.
Binance has released details of its plans to move its BNB token off the Ethereum platform and onto its own blockchain dubbed Binance Chain. BNB tokens will be activated on Binance Chain on Tuesday, April 23, though the timeline is subject to change.
Binance CEO Changpeng Zhao is encouraging developers working on the Ethereum platform to bring their projects to Binance Chain. CZ is hoping the firm’s longevity and influence will convince developers to make the move.
The online shopping platform will now provide cryptocurrency trading services. Plus, many branches of the company have been researching accepting digital currency as payment.
To better protect investors from theft and help spur economic growth in Japan, the country’s Financial Services Agency will now require cryptocurrency exchanges to beef up cold wallet security.
Coinbase Custody recently announced it will provide staking support for the Maker, Tezos, and Cosmos platforms. Coinbase Custody head Sam McIngvale breaks down how the move will benefit institutional investors and some of the problems that still need to be worked out.
Fed up with Craig Wright’s purportedly unethical actions toward those who disagree with him, Changpeng Zhao, CEO of Binance, announced that the exchange will delist the Bitcoin Satoshi’s Vision (BSV) digital token on Monday, April 22. This announcement apparently caused the price of BSV to plummet.
Juthica Chou, chief risk and operating officer at LedgerX, explains why the digital currency derivatives firm applied for a license to provide physically settled bitcoin futures products to its customers and the benefits of offering this service.
The defunct Canadian exchange’s deceased CEO apparently did business with Liberty Reserve founder Michael Patryn, who was convicted of money laundering.
Andy Pag, head of Mt. Gox Legal, spoke with CoinDesk about why Coinlab’s suit against Mt. Gox is holding up civil rehabilitation efforts.