Market Watch | Bitcoin | $10,323 | 7 day: -1.6% | | Ethereum | $368 | 7 day: -4.6% | | All crypto | $334b | 7 day: -2% | | Bitcoin dominance | 56.8% | 7 day: unch | Prices as of 3 p.m. EDT
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DEEP DIVE: Binance Uganda delists its own token. The Ugandan subsidiary of the world's largest exchange is delisting Binance Coin (BNB). Where is Binance located, exactly? - Changpeng Zhao selected Uganda as Binance's first fiat crypto exchange.
- Binance Uganda is an important fiat-to-crypto onramp for the Uganda shilling (UGX), including Chinese-Ugandan users.
- Formerly based in Shanghai, Binance.com has moved locations often and failed to gain approvals in various countries, including Malta and Hong Kong.
- Binance has a long history of hiding its undesirable office locations.
- It has launched several country-specific subsidiaries such as Hong Kong (Binance Hong Kong Limited), Uganda (binance.co.ug), Singapore (binance.sg), USA (binance.us), U.K. (binance.co.uk), Australia (binancelite.com), Tokyo, and elsewhere.
- We covered Binance's confusing soft launch in Australia here at Inside Cryptocurrency.
- Uganda branch of Binance, on September 9, announced delisting native Binance coin and associated pair BNB/UGX as it fails to meet the exchange's trading standard.
- Binance Uganda is the East African arm of the parent company and the first one to have delisted its native coin because of poor trading performance based on a periodic review of pre-listed cryptos.
- As per the announcement, the trading platform will remove BNB and all trading pairs. Binance Uganda ceased BNB coin deposits on September 10, but withdrawal support will remain active until November 6.
- Laura Shin, host of the crypto's industry's most popular podcast, interviewed Changpeng Zhao (her only follow-up since September 2018) in May. Shin spent a substantial amount of her interview attempting to discover where Binance is primarily located, to no avail.
- We discussed Shin's equally discomforting 2018 interview in which Zhao confirmed his fear of U.S. regulators, in an Inside Premium edition here.
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Russian Lakhtar project member charged with a fraud conspiracy. - On September 11, a criminal complaint against Artem Mikhaylovich Lifshits of Russia holds him responsible for a conspiracy to utilize stolen identities of real U.S. citizens and opening several phony accounts at cryptocurrency exchanges and banks.
- Liftshits has been working as a manager in "Project Lakhtar" since 2014 where he conspired with some other members on the same project to obtain real identifications for U.S. citizens in order to open fraudulent accounts in the victim's name.
- With the fake accounts established, Lifshits and other conspiring members promoted the Lakhtar Project and used it for their personal enrichment.
U.S. Dept. of Justice
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Wladimir van der Laan shares his view on Radicle's P2P network. - Wladimir van der Laan, the Lead Maintainer of Bitcoin Core, tweeted his views on the Radicle project on September 10, calling it "an interesting project" and potentially a "more secure alternative to GitHub."
- Radicle is a peer-to-peer (P2P), programmable code for collaboration. Its goal is to provide a secure, decentralized P2P network without the need for intermediaries.
- Radicle's team launched the alpha release in April 2019 and is currently working on an update according to the feature roadmap.
- Bitcoin's repository has been hosted on GitHub for over a decade. GitHub is not secure. For more on security risks affecting cryptography, consider upgrading your subscription to Inside Security.
- We will continue paying close attention to van der Laan, Satoshi Nakamoto's second successor, here at Inside Cryptocurrency.
Wladimir van der Laan
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 Chinese officials prosecute six PlusToken team members in connection to a Ponzi scheme. - According to a court filing submitted on September 7, Xiangshui County and Yancheng City prosecutors have requested an indictment of six members of the PlusToken team on suspicion of organizing and leading the PlusToken scam.
- The PlusToken scam is one of the largest scams in the history of cryptocurrency. Criminals performed an exit scam after gathering over $5.8b in investments while falsely promising huge returns to their investors.
- On July 30, a Chinese news outlet confirmed the arrests of 27 core members of the PlusToken team who fled abroad and 82 additional members who played a role in the pyramid scheme.
CoinTelegraph
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 Bitmain, Poolin and BTC.com all have Chinese roots Chinese court denies Bitmain appeal for damages from Poolin.com co-founders. - A legal ruling, issued by Beijing's Haidian District People's Court published on August 31, dismissed a labor dispute between mining company Bitmain and Poolin.com, another mining service.
- The ruling, publicly shared on September 8, denied Bitmain lawyers' appeal to increase fines for Poolin.com's co-founders for violating certain agreements with their former employer, BTC.com.
- Lawyers representing Bitmain could not produce sufficient evidence to prove the losses suffered by the company since July 3, when the case was filed in court. Therefore, the appellants were denied a $30m claim for damages from Poolin.com.
Coindesk
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 Overstock.com owns 80% of tZero tZERO gains FINRA approval for its retail broker-dealer subsidiary, tZERO Markets. - On September 10, tZERO, a technology firm providing financial innovation and liquidity to private companies, gained Financial Industry Regulatory Authority (FINRA) approval for its retail broker-dealer subsidiary, tZERO Markets LLC.
- FINRA's approval will allow tZERO Markets to provide retail brokerage services for digital securities and deliver investment banking services related to capital raising activities.
- According to a press release, CEO of tZERO, Saum Noursalehi, commented that FINRA approval is a milestone in achieving the company's goal of creating a reliable marketplace for private assets and tZERO Markets can help in the formation of direct relationships with customers.
- For more on tZero's contentious history, check out this edition of Inside Cryptocurrency.
- Parent company Overstock.com (NASDAQ:OSTK), which had rallied strongly after the news, has subsequently retraced those gains.
Coindesk
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Quick Hits: - The SushiSwap (SUSHI) saga continues. Its anonymous founder claims to have refunded his stolen funds, but the story shifts toward China. We have been covering the story here at Inside Cryptocurrency.
- Kraken cryptocurrency exchange's Japanese subsidiary, Payward Asia, acquires a license to operate and offer trading services to Japanese citizens under the Payment Services Act, after two years of suspended services.
- German regulator BaFin, in a press release dated September 8, says that prior approvals are now mandatory for cryptocurrency ATM installations, clarifying that crypto buying and selling can only be conducted with the regulator's prior approval.
- U.S.-based crypto exchange Coinbase announced the listing Ethereum-based UMA Token on its retail exchange, coinbase.com. Additionally, Coinbase Pro (not yet available on the retail Coinbase.com nor its mobile app) listed DeFi platform Yearn.finance (YFI).
- The Internal Revenue Services (IRS) signed a contract worth $249,000 with Blockchain Analytics and Tax Software LLC to provide access to blockchain analysis tools for IRS employees.
- Twitter CEO, the founder of Cash App and Square, Jack Dorsey, spoke in favor of bitcoin during a Reuters interview.
- European crypto exchange Bitstamp has integrated a new matching engine from NASDAQ Market Technology.
- Conga tapped into insights from tech-forward business leaders to create this fact-packed report: The State of Digital Document Transformation*
*This is sponsored content.
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 |  | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. |  | | Editor | Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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