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Investing.com – Binance warned about the possible delisting of stablecoins in Europe, and a former employee of Alameda Research named the reason for the collapse by 88% – these and other important news of the cryptocurrency market are in our review.
Binance warned about the possible delisting of stablecoins in Europe, writes Coindesk. This is due to the fact that the exchange’s lawyers have not yet found a way to comply with the requirements of the new MiCA rules adopted in the European Union. MiCA requires stablecoin issuers to be registered within the EU. How the law will apply to decentralized and foreign issuers remains a gray area, it said.
The failure on the Binance.US exchange, which caused a temporary drop in the price of Bitcoin by 88% in 2021, was provoked by a mistake by a trader of the Alameda Research fund, which went bankrupt along with the FTX crypto exchange, former employee of the company Aditya Baradwaj said in the series publications on social network X (formerly Twitter (NYSE:)).
The company, an $86.5 billion stablecoin issuer, will spend about $420 million on 10,000 Nvidia (NASDAQ:) H100 GPUs to German mining company Northern Data. In return, Tether will receive a 20% stake in Northern Data. reports Forbes magazine. The miner, in turn, plans to rent out these video cards to AI startups.
South Korean traders manipulated and caused an increase in the rate of the ImmutableX (IMX) token on the Upbit crypto exchange. writes cryptojournalist Colin Wu. On the morning of September 21, the asset was traded on the largest trading platform in South Korea at a rate of about $1, which is 49% more expensive than on other platforms ($0.67).
One of the first cryptocurrency exchanges, Mt. Gox has postponed payments to customers affected by its bankruptcy for another year, it said. letter dated September 21, exchange asset manager Nobuaki Kobayashi. With the permission of the Tokyo District Court, Kobayashi extended the period for payment of basic, early lump sum and intermediate compensation.
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2023-09-21 16:35:00
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