BinanceUS

According to reports, a bankruptcy judge ruled in a document submitted to the court on Wednesday that the transaction of Binance. US’s $1 billion bid for Voyager should continue, rejecting the request of the United States government to suspend litigation pending appeal. Interpretation of this information: The latest news indicates that a bankruptcy judge has ruled in favor of continuing the transaction of Binance.US’s $1 billion offer for Voyager, rejecting the United States government’s request to halt litigation pending an appeal. This ruling is an encouraging development for Binance.US, a…

On March 15th, US officials wanted to remove a clause contained in Voyager Digital’s plan to sell its digital assets to Binance.US, which would prevent them from legally pursuing anyone involved in the sale. In a motion filed in the New York Bankruptcy Court on March 14th, the United States trustee, William Harrington, and other government lawyers argued that the court improperly exceeded its statutory powers in approving a pardon. They asked the court to defer approval of the sale for two weeks in order for them to file an…

It is reported that Helium, the decentralized wireless communication network, officially announced that Binance.US plans to take off the HNT/USD and HNT/USDT trading pairs on March 21, 2023 before the migration of Solana. Although Helium Foundation is disappointed that Binance.US decided to take this action before the migration, we understand their position. Interpretation of this information: Helium, a decentralized wireless communication network, has made an announcement regarding Binance.US’s plans to delist the HNT/USD and HNT/USDT trading pairs on March 21, 2023, prior to the Solana blockchain migration. While disappointed with…

On March 10, the United States Department of Justice (DOJ) filed an appeal on Thursday night, challenging the judgment of the New York Bankruptcy Judge allowing Binance. US to buy the bankrupt Voyager Digital assets for billions of dollars. Interpretation of this information: The United States Department of Justice (DOJ) has filed an appeal against the ruling of a New York bankruptcy judge that allowed Binance.US to purchase bankrupt Voyager Digital’s assets for billions of dollars. This move highlights the tensions between the government and the cryptocurrency industry. There is…

On March 10, the official committee of unsecured creditors of Voyager said on Twitter that the United States court had confirmed the approval of the acquisition of Voyager by Binance.US, and allowed the debtor to switch to self-liquidation when the sale was not completed or the debtor decided not to continue the sale after consultation with the official committee of unsecured creditors. Interpretation of this information: The announcement made on March 10 by the official committee of unsecured creditors of Voyager about the acquisition by Binance.US comes as no surprise…

It is reported that the bankruptcy judge of Voyager Digital chose to allow the transaction with Binance.US despite the objection of the United States Securities and Exchange Commission and state regulators. Interpretation of this information: The news came out that despite the opposition of the United States Security and Exchange Commission (SEC) and other state regulators, the bankruptcy judge of Voyager Digital allowed the transaction with Binance.US. This indicates a significant breakthrough as the decision defied the SEC’s stance towards Binance.US, which is currently under fire for its lack of…

On February 27, according to a court document on February 24, the Texas Securities Commission and the banking department opposed the proposed transaction between Binance.US and the bankrupt cryptocurrency lender Voyager Digital. According to the document, Binance.US’s terms of service and restructuring plan contain many “insufficient” disclosures, including the failure to fully inform unsecured creditors. According to the plan, they may only get 24% – 26% of the recovery, rather than 51% of the recovery according to Chapter VII. Interpretation of this information: The Texas Securities Commission and banking department…

On February 25, Binance. US announced the launch of the SHIB/USD trading pair on Twitter. In addition, the KSHIB/USD trading pair has been off the shelf, and all outstanding KSHIB spot trading orders will be cancelled. All customers currently holding KSHIB will receive the converted SHIB distribution at the ratio of 1 KSHIB=1000 SHIB. Interpretation of this information: Binance.US, the US-based cryptocurrency exchange, made an announcement on February 25th about the launch of a new trading pair for SHIB/USD. The move comes amid growing investor interest in the digital currency,…

On February 18, Reuters quoted a senator’s statement saying that the United States Congress might investigate the relationship between Binance.US and Merit Peak. Senator Roger Marshall said: “There are some suspicious things that have happened here. It is clear that they have not passed the odor test (metaphor test standard)… Congress needs an answer, and Binance.US and Silvergate are also obliged to provide us with relevant information.” Interpretation of this information: The United States Congress might investigate the relationship between Binance.US and Merit Peak, according to a statement made by…

It is reported that Binance.US announced that it would delist Kilo Shiba Inu (KSHIB) at 7:00 a.m. EST on February 24, and will list SHIB/USD trading pairs. KSHIB/USD trading pair will be deleted, and all pending KSHIB spot trading orders will be cancelled at 10:00 p.m. EST on February 20. Customers currently holding KSHIB will receive the converted SHIB distribution before February 24, with the ratio of 1 KSHIB to 1000 SHIB. During this transition period, the SHIB/USDT transaction pair will remain available. Binance.US also launched KSHIB and added KSHIB/USD…