Altcoins
Binance.US to delist TRX, price drops 5.4%
Binance.US, a unit cryptocurrency exchange Binance set up to serve U.S. customers, will delist the native token of the Tron blockchain, TRX, on April 18.
Timmy Shen
Contributor
Timmy Shen
Timmy Shen is a Taipei-based journalist at Forkast. Previously, he wrote for Caixin Global and TechNode, covering topics ranging from fintech to fan economy. He also cares about LGBT+ issues and is a shabu shabu fanatic. Timmy holds an MS degree from Columbia Journalism School.
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Bitcoin News
US crypto miner Core Scientific appoints new president amid bankruptcy
Adam Sullivan, whose most recent role was managing director of XMS Capital Partners, will will work on financial and strategic matters while assisting with the negotiation of a reorganization plan.
Timmy Shen
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Altcoins
Ethereum blockchain upgrade unlocks US$34 billion in Ether, what does it mean for crypto prices?
The upcoming upgrade to the Ethereum blockchain will allow users to withdraw millions of “staked” Ether, the native cryptocurrency, for potential sale. That would typically indicate a flood of selling pressure awaits the token, but not everyone is buying that.
Timmy Shen
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Regulation
FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing
Former executives of the bankrupt crypto exchange FTX failed to install appropriate financial controls in the company, complicating the asset recovery process, the restructuring team of the failed exchange said.
Timmy Shen
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Bitcoin News
Bitcoin miner TeraWulf reports 146% revenue growth, expanded mining capacity
U.S.-based Bitcoin miner TeraWulf, which started operations in March last year, reported a 146% surge in revenue in the fourth quarter of last year compared to the previous quarter, citing expanded mining capacity.
Timmy Shen
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Regulation
Hong Kong may license at least 8 crypto firms by year-end: former SFC regulator
Hong Kong may issue virtual asset trading licenses to at least eight cryptocurrency-related firms by the end of this year as part of the city’s new crypto licensing regime, said Angelina Kwan, chief executive officer of financial services firm Stratford Finance and a former regulator of the Hong Kong Securities and Futures Commission.
Timmy Shen
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Regulation
Binance denies China ties, says it started relocating staff out of China in 2021
The Binance comments came in response to a Financial Times article that cited internal documents and said the company had close ties with China despite claims it had left the country in 2017 following a government crackdown.
Timmy Shen
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Regulation
Binance sees US$627 mln in net Ethereum outflow following CFTC lawsuit
Binance saw about US$627 million in net Ethereum-related withdrawals in the 24 hours through Tuesday morning, data from blockchain analytics platform Nansen showed.
Timmy Shen
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Regulation
OKX cryptocurrency exchange to apply for virtual asset license in Hong Kong
Seychelles-based cryptocurrency exchange OKX said it will apply for virtual asset licenses to operate digital asset services in Hong Kong.
Timmy Shen
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Regulation
Binance rejects U.S. charges of violating trading rules, manipulating markets
Binance CEO Changpeng Zhao said the charges are “an unexpected and disappointing civil complaint” in response to the CFTC lawsuit filed on Monday against him and the world’s largest crypto exchange.
Timmy Shen
