Crypto Exchange News – September 7, 2022

Binance

Binance.US just announced staking for Ethereum today via its blog. Binance is offering rewards up to 6.00% APY. Instead of acquiring the minimum 32 ETH to stake on the network, Binance.US allows users to stake with as little as 0.001 ETH. 

The Swiss-regulated crypto bank, SEBA, also announced Ethereum staking on its platform – but is more geared towards institutions rather than individual investors. 

Binance also announced that they’re pretty much getting rid of all stablecoins except for their own US Dollar stablecoin, Binance UDS ($BUSD.X). Starting on September 29, 2022 at 0300 UTC, any users USD Coin ($USDC.X), Pax Dollar, or True USD will automatically convert into BUSD at a 1:1 ratio. 

Oh wait, they’re not getting rid of all the stablecoins, just the ones headquartered in the United States. Tether ($USDT.X) is still there. 

Zipmex

The possible take over of Zipmex by the Thailand based Country Group Holdings hit a snag today. The Thai SEC is filed a police complaint against Zipmex and its co-founder Akalarp Yimwilai for non-compliance. The penalty is up to 100,000 Thai baht (US$2,700) and a year in jail. Zipmex reported they are currently collection the necessary information requested. 

Mt. Gox

Fears about a major dump of Bitcoin ($BTC.X) into the marketplace after Mt. Gox creditors see some of their BTC returned have returned. The trustee, Nobuaki Kobayashi, issued a Notice of Confirmation Order of Rehabilitation Plan becoming Final and Binding today, giving a deadline of Sept 15 to make or transfer a claim. 

Coincidence that this occurs on the expected date of the Ethereum ($ETH.X) Merge?

Voyager

A court filing on Tuesday announced that an auction of Voyager’s ($VGX.X) assets would commence at 1000 EST on September 13, 2022. Think you can get some crypto on the cheap, though? Naw, you need to be a qualified bidder, which usually means you need to already have a shite ton of money. And you need to have a pretty good legal team that specializes in how to handle bankruptcy issues. 

Also, the deadline was on September 6 to put in a bid. 

Bidders are confidential, but Alameda (part of FTX) made its bid public in July. Voyager’s legal counsel will ultimately pick which bid/proposal will be best for all stakeholders. 🤒

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