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The US Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’s proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy court filing showed on Wednesday. The regulator pointed out the failure to include necessary information in Binance.US’s disclosure statement. It said the purchase agreement lacks … Read more
Binance’s $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. The crypto exchange’s US-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes $20 million (roughly Rs. 165 … Read more
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world’s biggest exchange for crypto assets. After the collapse of its rival FTX in a hail of allegations of fraud and criminality last month, trust in the entire sector has crumbled. Customers pulled more than … Read more
Microsoft has quietly banned cryptomining from its online services. Reason: To better protect its customers and clouds. The company introduced the new changes earlier this month. Microsoft updated its Universal License Terms for Online Services. The company appears to have not publicised this decision beyond the Summary of Changes page What the new customer terms … Read more
Tulips and Bitcoin have both been associated with financial bubbles in their time, but in a giant greenhouse near Amsterdam the Dutch are trying to make them work together. Engineer Bert de Groot inspects the six Bitcoin miners as they perform complex sums to earn cryptocurrency, filling the air with a noisy whine along with … Read more