Crypto News 26/09/2023

Here are today’s top stories in the cryptocurrency market!

Binance Restarts in Belgium Three Months After Order to Stop 🧐

Crypto exchange Binance has reportedly reopened registration and access to products and services for users in Belgium. Notably, the reopening comes three months after the Financial Services and Markets Authority (FSMA) ordered it to stop providing services in the country. Binance has stated that the resumption of service comes via its Polish subsidiary – Binance Poland sp. z o.o., which provides the necessary legal compliance to continue serving its customers in Belgium.

Binance tweeted,

“New registrations of Belgian residents are welcome on our platform once again. In addition, various Binance products and services are accessible again to Belgian users who have accepted our new Terms of Use.”

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Celsius Network Creditors Approve $2B Restructuring Plan

More than 98% of bankrupt crypto lender Celsius’ creditors have reportedly voted to approve a reorganisation plan that would return 67%-85% of their investments back to them. A confirmation hearing for final approval is expected to be held before the U.S. Bankruptcy Court for the Southern District of New York on Oct. 2nd.

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Binance CEO CZ Appoints Binance Security Team to Track HTX Stolen Funds 🔎

According to HTX adviser and Tron founder Justin Sun, crypto exchange HTX (formerly Huobi) has suffered a hack that has stolen 5000 ETH worth around $8 million. HTX has responded to the hack by proactively offering 5% of the drained funds as a “white-hat bonus” in exchange for returning the funds within seven days. Binance CEO Changpeng “CZ” Zhao has also reportedly offered the help of Binance’s security team in investigating the attack.

In a gesture to provide confidence to users, Sun tweeted,

“$8 million represents a relatively small sum in comparison to the $3 billion worth of assets held by our users. It also amounts to just two weeks’ revenue for the HTX platform. As a result, all funds are secure, and trading operations have continued as usual. We promptly addressed and resolved all issues, restoring the platform to its normal state without delay.”

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MicroStrategy Bought 5,445 Bitcoin for $150M Since August 💰

According to recent filings, business intelligence firm MicroStrategy has purchased nearly $150 million worth of BTC between Aug.1 and Sept.24. Specifically, the filings reveal that approximately 5,445 BTC was purchased for $147.3 million in cash, at an average price of $27,053 per bitcoin (inclusive of fees and expenses). Notably, this brings MicroStrategy’s total BTC holdings to 158,245 BTC, acquired at an average purchase price of roughly $29,582 per Bitcoin.

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Binance Seeks to Launch Stablecoins in Japan with MUFG Unit 🇯🇵

Binance Japan Inc. is reportedly planning to launch dollar, euro and yen stablecoins next year in partnership with Japan’s largest bank – the Mitsubishi UFJ Trust and Banking Corporation (MUTB). The two entities have reportedly started to jointly study the issuance of a new stablecoin pegged to fiat currencies

Takeshi Chino, general manager of Binance Japan, stated,

“Stablecoins have important use cases across the broader financial ecosystem – from a lower-cost and instantaneous cross-border trade settlement for business clients, to the facilitation of trading other cryptocurrencies seamlessly for retail investors — stablecoins fill an important financial services need and are crucial for the success of Web 3.0 adoption.”

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