Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n \u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
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Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
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Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
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Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
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Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
ADVERTISEMENT
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
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