Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

U.S. authorities rejected Bittrex's refund plan

U.S. authorities rejected Bittrex's refund plan

The U.S. government has rejected Bittrex's proposal to repay customers. Authorities have decided that a bankruptcy plan approval hearing should be held first. The next hearing on the matter will take place on June 14.

Gary Gensler could become advisor to Binance in 2019

Gary Gensler could become advisor to Binance in 2019

SEC Chairman Gary Gensler could well become Binance's legal advisor in 2019, according to information provided by lawyers. They claim that Gary Gensler has offered his services several times in conversations with both the exchange's top management and Zhao, whom he then saw in person.

We don't need more digital assets - Gary Gensler

We don't need more digital assets - Gary Gensler

During an appearance live on CNBC, SEC Chairman Gary Gensler made a blunt statement regarding cryptocurrencies. "We don't need more digital currency. We already have a digital currency. It's called the U.S. dollar. It's called the euro. It's called the yen. They're all digital now," Gensler stated.

$305 million has been liquidated in the last 24 hours

$305 million has been liquidated in the last 24 hours

Amid the news around Binance, BTC was momentarily falling below $25,400 and is now trading around $25,700, and ETH is around $1,800. BNB was down to $270. Due to market volatility, about 115,000 traders were liquidated and positions for $305 million were liquidated. 92% of liquidations

Metropolitan Museum will return $550,000 in donations from cryptocurrency exchange FTX

Metropolitan Museum will return $550,000 in donations from cryptocurrency exchange FTX

The Metropolitan Museum has agreed to return more than half a million dollars in donations from FTX. Court documents and an agreement between the parties show this.

China Arrests Stablecoin Issuer Trust Reserve Team

China Arrests Stablecoin Issuer Trust Reserve Team

Chinese journalists reported that police raided and arrested CNHC and HKD Trust Reserve, an offshore steblecoin issuer. Authorities seized the firm's assets to investigate, and searches are underway at the office. China suspects they are involved in fraud that could involve a cross-border payment business separate from stablcoin.

Brazil has selected participants in the closed CBDC pilot

Brazil has selected participants in the closed CBDC pilot

Brazil's central bank has selected the 14 companies that will participate in the pilot tests of the digital real (CBDC). The list includes the largest local bank Banco do Brasil, other banks (Bradesco, Nubank and Itaú Unibanco) and the local stock exchange. International companies Visa and Microsoft will also work

Coinbase launches promotional campaign in Washington, DC

Coinbase launches promotional campaign in Washington, DC

Cryptocurrency exchange Coinbase is launchin an advertising campaign in the U.S. metropolitan area. It aims to introduce Americans to the cryptocurrency, explain how it works, and convince them of the segment's vast prospects.

Huobi banned in Malaysia

Huobi banned in Malaysia

The Securities and Exchange Commission of Malaysia (SC) filed charges against Huobi Global Ltd. and its CVO. The company is accused of operating a virtual asset trading platform (DAX) without the appropriate license.

France is ready to accept all cryptocurrency "refugees" from the U.S.

France is ready to accept all cryptocurrency "refugees" from the U.S.

French financial regulator AMF is offering "asylum" to companies that are fleeing the U.S. due to regulatory ambiguity. The agency noted that so far 74 cryptocurrency counterparties have already registered in the EU.