# Binance holds token collateral and user funds on same wallet by ‘mistake’

# Binance holds token collateral and user funds on same wallet by ‘mistake’

” Binance holds token collateral and user funds on same wallet by ‘mistake’ “ Major cryptocurrency exchange Binance reportedly admitted that it mistakenly stores some customer funds in the same wallet with its collateral for some in-house tokens. After the revelation, Binance started the process of transferring the assets in question to dedicated collateral wallets….

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# NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

# NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

” NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency “ The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”. In a Jan. 23 announcement, NYDFS superintendent Adrienne Harris…

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# Europol reports .5M in crypto seized in enforcement action against Bitzlato

# Europol reports $19.5M in crypto seized in enforcement action against Bitzlato

” Europol reports $19.5M in crypto seized in enforcement action against Bitzlato “ The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato. In a Jan. 23 announcement, Europol reported that…

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# Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts

# Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts

” Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts “ Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, according to investment analysts. Credit rating firm Moody’s released a note on Coinbase on…

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