News of New York

USD Coin's 36-Hour Struggle to Maintain Peg Leaves Circle's Reputation in Tatters
14 March 2023
10087
Weekend raises risk of regulatory scrutiny Circle’s USD Coin, the world's second-largest stablecoin, took around 36 hours to fix its peg to the dollar after a liquidity crisis. While the token has been r...
Binance exchange stops withdrawal of cryptocurrency because of FTX collapse
13 December 2022
4158
FTX collapse The world's largest cryptocurrency exchange, Binance, has suspended USDC digital currency withdrawals from customer accounts due to growing investor concerns amid the bankruptcy of the FTX exchange. Th...
Sam Bankman-Fried said his fortune had been reduced to $100,000
30 November 2022
3624
FTX exchange founder's fortune Sam Bankman-Fried, founder of cryptocurrency exchange FTX, which is going through bankruptcy proceedings, said he only had $100k left in his bank account, although his fortune was once valued at $26.5bn....
Binance asked American traders to withdraw funds from the platform
25 November 2020
3294
Assets on the Binance cryptocurrency exchange American traders have received an email from Binance's crypt exchange, according to which they must withdraw all their crypto assets from the platform within two weeks. According to Binance's notificati...
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