Binance.US USD deposits eligible for FDIC insurance coverage

2019-10-19 12:30

All US Dollar deposits on Binance. US’s platform are now eligible for Federal Deposit Insurance Corporation [FDIC] insurance coverage. According to a blog post published on its official website, the United States-dedicated wing of Binance stated that all the US Dollar deposits are held in “pooled custodial accounts” at numerous banks that are FDIC insured.

The official […]

The post Binance. US USD deposits eligible for FDIC insurance coverage appeared first on AMBCrypto.

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Источник: ambcrypto.com

fdic insurance → Результатов: 19

Nervous Depositing USD To Binance US Exchange? Now They Will Have FDIC Backed Insurance

The U. S. branch of the largest crypto exchange in the world, Binance US, has recently announced that now its customers will be partially insured by the Federal Deposit Insurance Corporation (FDIC).

2019-10-19 18:25	Binance
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Dollar Deposits On Binance.US Now Have FDIC Insurance Coverage

U.S. dollar deposits on Binance.US are now eligible for FDIC insurance coverage up to $250,000 per depositor

2019-10-19 23:10	Changpeng Zhao
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Tron announces the launch of stablecoin TRXD on its blockchain

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2019-6-22 14:00
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SFOX Crypto Traders to be Insured with FDIC Protection

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2019-5-15 15:20
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Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection

SFOX crypto traders will now have access to insurance through the U.S. government’s Federal Deposit Insurance Corporation (FDIC) worth up to $250,000

2019-5-15 12:41	Banks
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SFOX Partners M.Y. Safra Bank to Offer Segregated, FDIC-Insured Bank Accounts

Coinspeaker SFOX Partners M. Y. Safra Bank to Offer Segregated, FDIC-Insured Bank AccountsSan Francisco-based cryptocurrency prime brokerage, SFOX, partnered with the century-old New York-based M.

2019-5-15 12:36	tZERO
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Game Changer? Crypto Prime Dealer Unveils FDIC-Insured Accounts

By CCN: Crypto mass adoption hopefuls rejoice. FDIC protection is here. Cryptocurrency prime dealer SFOX is partnering with M. Y. Safra Bank of New York to offer traders and investors deposit accounts backed by the Federal Deposit Insurance Corp.

2019-5-15 01:15
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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

2019-5-13 16:37	Investing
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Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.

2018-12-3 19:48	blockchain
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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.

2018-11-15 17:45	Investing
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Bitcoin exchange Gemini secures insurance for client “hot” assets

CryptoNinjas Bitcoin and digital asset exchange Gemini today announced that the company has secured insurance coverage for the digital assets that it holds on behalf of clients that are stored in hot wallets (i.

2018-10-3 18:06	Gemini
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Omniex Crypto Trading and Investment Platform Welcomes Former SEC and FDIC Chairs to its Team

San Francisco based crypto trading and investment platform, Omniex, has bolstered its leadership advisory team with the addition of former Securities and Exchange Commission (SEC) chairman Arthur Levitt and ex-Federal Deposit Insurance Corporation (FDIC) chair Sheila Blair, according to a press release on August 7.

2018-8-9 08:00	trading
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Omniex Crypto Trading Platform Adds Former SEC And FDIC Executives To Its Staff

Omniex, which is a crypto trading platform focused on institutional investors, has recently called two high profile US financial regulators for its board of advisors. They are the former US Securities and Exchange Commision (SEC) chairman, Arthur Levitt and Sheila Bair, which was the chair of the Federal Deposit Insurance Corp (FDIC). The company has […]

2018-8-8 11:38	News
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FDIC-rypto? IBM, Stronghold to Launch First Insured Stablecoin

IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. The cryptocurrency will be tied to government-backed fiat deposited at banks covered by the Federal Deposit Insurance Corp (FDIC).

2018-7-18 15:00	Tether
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Stronghold and ibm plan to launch FDIC-insured stablecoin

Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. As an exchange, Stronghold acts as a Stellar network anchor,

2018-7-18 00:41	USD
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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar

Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.

2018-7-18 22:00	Investing
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Square Confirms Withdrawn Application to the FDIC

On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active.

2018-7-6 13:00	Square
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Sheila Bair, former chairperson of the Federal Deposit Insurance Corporation, is open to new rules for digital currency

Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies. She went on to explain: “We are trying to jam crypto trading into state money transmission laws, it just doesn’t work. I think at some point, we will need a federal

2018-6-22 02:29	trading
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CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U. S. Federal Reserve to explore central bank-issued digital currencies (CBDCs).

2018-6-13 05:40	Virtual Currency
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