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Hodler’s Digest, Sept. 17-23: Binance.US Triumphs Over SEC, Mt. Gox Delays Repayments, and More

Hodler’s Digest, Sept. 17-23: Binance.US Triumphs Over SEC, Mt. Gox Delays Repayments, and More

SEC’s request to access Binance.US software denied by judge

The United States Securities and Exchange Commission (SEC) has been denied immediate access to Binance.US’s software by a judge. The SEC had requested detailed information and increased availability of Binance executives for depositions. The judge suggested that the SEC come up with more specific requests and speak to a wider range of witnesses.

Mt. Gox trustee extends repayment deadline to October 2024

The trustee of the defunct cryptocurrency exchange Mt. Gox has changed the deadline for repaying creditors from October 2023 to October 2024. Mt. Gox holds 142,000 Bitcoin, 143,000 Bitcoin Cash, and 69 billion Japanese yen. The exchange collapsed in 2014 after a major hack, resulting in the loss of 850,000 BTC.

Tether authorizes $1 billion USDT for Tron network

Tether’s Treasury has authorized $1 billion in USDT tokens to “replenish” the Tron network. The tokens will be used as inventory to ensure Tether maintains 100% of its reserves. This authorization allows Tether to issue USDT instantaneously once customer funds are received.

FTX founder’s parents sued for alleged theft from crypto exchange

Debtors of FTX have filed a lawsuit against the parents of FTX founder Sam Bankman-Fried, accusing them of misappropriating millions of dollars from the crypto exchange. The debtors claim that Bankman-Fried’s parents exploited their access and influence within FTX to enrich themselves at the expense of the creditors.

Grayscale files for new Ether futures ETF

Digital currency investment company Grayscale has filed with the SEC for a new Ether futures exchange-traded fund (ETF). The Grayscale Ethereum Futures Trust will hold Ether futures contracts with a constant expiration profile and will not require an Ether custodian.

Bitcoin fails to recover post-Fed losses, $20,000 price prediction resurfaces

Bitcoin’s price has dipped following the US Federal Reserve’s decision on interest rates, leading to renewed predictions of a $20,000 BTC price. Market participants are taking a more conservative outlook in the absence of significant volatility.

Balancer blames DNS provider for website hijack

Automated market maker Balancer believes a social engineering attack on its DNS service provider led to its website’s compromise and the theft of approximately $238,000 in crypto. The attacker used phishing contracts and Border Gateway Protocol hijacking to gain control of IP addresses.

Crypto influencer arrested in Hong Kong for involvement in JPEX

A Hong Kong-based social media influencer has been arrested in connection with the liquidity crisis of the crypto exchange JPEX. The Securities and Futures Commission of Hong Kong has blamed JPEX for promoting its services through online celebrities and money changers.

CoinEx hack results from compromised private keys

Hong Kong-based exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million worth of tokens. The exchange will compensate affected users for any lost funds.

AI transformation necessary for businesses, says EasyTranslate boss

Businesses must transform to take advantage of AI or risk being left behind, according to EasyTranslate boss Frederik Pedersen.

Generative artist William Mapan explains generative art using crayons and dice

Generative artist William Mapan explains the concept of generative art using a crayon and a die.

JPEX staff flee event as scandal hits, Mt. Gox delays repayments, Diners Club enters crypto

Hong Kong crypto exchange JPEX is involved in a $166 million scam, Mt. Gox delays repayments again, and Singapore’s oldest credit card company enters the blockchain industry.

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