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CZ denies holding firms received $12B of Binance.US user funds.
Binance CEO Changpeng Zhao on June 8 countered SEC claims and denied that one of his holding firms received $12 billion in U. S. customer funds. Regarding the supposed $12 billion transfer, Zhao said: “This is simply false … To the best of my knowledge, Binance. origin »
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Elizabeth Warren asks DOJ to investigate Binance’s statements to Congress.
Senators said June 8 that the U. S. Department of Justice should investigate statements previously made by Binance and take action as necessary. Democratic senators Elizabeth Warren and Chris Van Hollen alleged that Binance and Binance. origin »
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SEC’s Gensler rejects ‘regulatory clarity’ arguments in speech on crypto regulation.
In prepared remarks at the Piper Sandler Global Exchange & Fintech Conference on June 8, SEC Chair Gary Gensler addressed the ongoing regulatory issues surrounding the cryptocurrency industry at length, arguing that the crypto community’s assistance on “regulatory clarity” lacks merit and defending his agency’s enforcement actions. origin »
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Coinbase legal chief Paul Grewal says SEC ‘misread the law’.
Coinbase chief legal officer Paul Grewal believes that the SEC has “misread the law” when it comes to labeling many cryptocurrencies as securities and the “status of crypto will remain strong. origin »
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Alameda Research was often the ‘only counterparty’ at Binance.US’ OTC Desk.
As markets, customers, and industry observers continue to dissect the U. S. Securities and Exchange Commission’s (SEC) extensive lawsuit against cryptocurrency giant Binance and its affiliates, surprising new details are continually coming to light. origin »
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Op-ed: Why the SEC should stay away from crypto (Part I).
It is time for the U. S. to implement intelligent, progressive, and specific digital asset regulation. The Securities and Exchange Commission’s recent charges against Coinbase and Binance have brought the debate on digital asset classification to a boiling point, and I believe it demonstrates that the organization is not equipped to regulate digital assets competently. origin »
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Hong Kong’s Web3 industry faces 100,000 person shortfall.
Hong Kong Legislative Council Member and Co-founder of G-Rocket, an incubator firm, Wu Jiezhuang, said the region faces a Web3 talent shortage. In an interview with Chinese-language crypto publication Chain Catcher, Jiezhuang covered several points, including developments at G-Rocket, the impact of the Virtual Assets Service Provider (VASP) licensing system in Hong Kong, and the […] The post Hong Kong’s Web3 industry faces 100,000 person shortfall appeared first on CryptoSlate. origin »
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Animoca doubles down on non-US market push after America’s ‘blockchain-hostile’ approach.
Hong Kong-based Animoca Brands is unfazed by the SEC deeming the SAND cryptocurrency a security in its recent complaints against Binance. US and Coinbase, South China Morning Post reported June 8. origin »
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Sui-based NemoSwap’s investors deny involvement in $3M seed round.
NemoSwap, a Sui-based decentralized exchange, misled the public about investors in its project as two investors named in its $3 million seed round have distanced themselves from the project. In a now-deleted statement, Nemoswap claimed it completed a funding round led by Node Venture. origin »
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Why is Bitcoin is holding strong in spite of the SEC’s regulatory crackdown?.
The U. S. Securities and Exchange Commission (SEC) sued Binance and Coinbase earlier this week, introducing considerable volatility into the crypto market. Bitcoin reacted strongly to these events — on June 5, it dropped from $27,300 to $25,300, a 7. origin »
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Anti-SEC And Gensler Meme Coins Skyrocket In Value – Here’s Why.
Gary Gensler meme coins: they’re the latest craze in the world of cryptocurrencies, bringing a heavy dose of mockery to the ever-evolving landscape of digital assets. Inspired by the Securities and Exchange Commission (SEC) chairman Gensler, these whimsical tokens have created so much noise, capturing the attention of investors and internet trolls alike. As lawsuits […] origin »
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Circle Welcomes Former CFTC Chair, Heath Tarbert, As New Chief Legal Officer.
The global fintech firm, Circle Internet Financial, responsible for the issuance of USD Coin (USDC), unveiled a significant addition to their executive team, as they welcomed former CFTC Chairman Heath Tarbert as their new Chief Legal Officer. origin »
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Binance vs. SEC: How low can BNB price go?.
BNB is clinging on to its short-term bullish bias amid the Binance-SEC fiasco but a 30% price decline is still on the cards.
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Do Kwon Faces Potential Prison Time In US And South Korea, Prosecutor Warns.
Terraform Labs co-founder Do Kwon has fallen into the tight fist of the law as a senior prosecutor says Kwon may face double jail terms, first in his native South Korea and then in the US. The senior South Korean prosecutor, Dan Sunghan, stated that Do Kwon would face multiple sentences regarding his involvement in […] origin »
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“XRP Very Important,” Top Analyst Predicts Which Tokens Could Profit From The SEC War.
Despite the blow suffered by most of the crypto market, XRP continues to trade in the green on higher timeframes. The token is in a battle between the U. S. Securities And Exchange Commission (SEC) and payment company Ripple. origin »
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Crypto ads face stricter rules, referral bonus ban by UK FCA.
Crypto services in the U.K. will face stricter regulations, including a “cooling-off period” for first-time investors and a ban on “refer a friend” bonuses. origin »
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Cosmos-based DeFi lending protocol Nolus joins Cointelegraph Accelerator.
Nolus’ DeFi lending protocol aims to onboard more people by solving collateralization inefficiencies.
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Binance Puts SEC Chair Gensler In Hot Water, Will It Affect The Lawsuit?.
The lawsuits brought by the U.S. Securities and Exchange Commission (SEC) against the exchanges Coinbase and Binance.US continue to be the all-defining topic in the crypto market today. While the market remains in a state of shock, Binance’s lawyers have pulled an ace out of their sleeve that puts SEC Chairman Gary Gensler in hot […] origin »
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Майк Новограц: Судебные процессы против Binance и Coinbase могут затянуться.
Генеральный директор криптокомпании Galaxy Digital Майк Новограц считает, что судебный процесс против крупнейших биткоин-бирж может затянуться на длительное время. В то же время он отметил, что Комиссия по ценным бумагам и биржам (SEC), инициировавшая разбирательство в отношении Binance и Coinbase, не признала биткоин и эфир ценными бумагами. источник »
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SEC’s crypto actions surged 183% in 6 months after FTX collapse.
The regulator stepped up enforcement actions in the crypto space following the revelations around FTX.
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SEC is killing innovation in the United States — 1inch co-founder.
U.S.-based Web3 companies and cryptocurrency exchanges could be pushed offshore following enforcement actions against Coinbase and Binance.US. origin »
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EU Watchdog Cracks Down On Crypto Ads On Instagram, YouTube, TikTok, Twitter.
The European Commission has received a complaint from the largest consumer rights group in Europe, accusing cryptocurrency marketers on popular social networks of engaging in a misleading promotion that poses a significant risk to consumers. origin »
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A big move is coming soon, according to Swissblock.
Quick Take Swissblock suggests that a big move is coming across the board due to historic lows in the VIX and BVOL. The VIX is an index representing the market’s expectation for volatility, which is currently priced at 14, which is at multi-year lows. origin »
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FCA to require ‘risk warnings’ on crypto as UK tightens regulation.
The U. K. ’s Financial Conduct Authority (FCA) announced that from October 1, crypto would be classified as “restricted mass market investments,” a category reserved for higher-risk investment products. origin »
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Bitcoin’s Double Bottom Pattern Signals Potential Price Surge Ahead, But….
Bitcoin's recent price movements have presented a mix of positive indications and challenges, resulting in a cautious sense of optimism among investors regarding its future. origin »|
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Binance’s Counsel: SEC Chair Gensler Offered To Serve As An Informal Advisor In 2019.
Binance lawyers have revealed that prior to becoming the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler offered up his advisory services to the exchange. origin »|
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NFT platform Enjin forks Polkadot parachain Efinity to new mainnet.
Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the easy and affordable creation and distribution of NFTs. origin »
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FINEXPO Brings FinTech Industry Leaders and Enthusiasts Together at FinTech Festival Asia 2023.
FINEXPO, the world’s leading event organiser, announced today that it is hosting its first-ever FinTech Festival Asia (FTF Asia) on 27 and 28 September 2023 at the Royal Paragon Hall in Bangkok, Thailand. origin »
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SEC обвинила Binance в переводе миллиардов долларов клиентских средств на счета Чанпэна Чжао.
Открылись подробности об иске Комиссии по ценным бумагам и биржам США (SEC) к бирже Binance. По данным регулятора, Binance и Binance.US перевели на счета Чанпэна Чжао свыше $12 млрд. источник »
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Less Than 100 XRP Needed To Become A Millionaire? New Research Suggests.
Valhil Capital has published a new research paper assessing the fair value of XRP, and the results are astronomical. The private equity firm explains in the research paper, using six pricing models, that the fair value is somewhere between $3,500 and $21,900 per token. origin »
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Coinbase to withdraw over 70k staked ETH amid SEC lawsuit.
Coinbase accounts for roughly 79% of entities waiting to withdraw their staked Ethereum (ETH) as of June 8, according to Nansen’s dashboard. The exchange wants to withdraw 70,057 ETH (roughly $129 million) of the 88,121 ETH tokens pending withdrawals as of press time. origin »
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Robinhood To Review Its Crypto Listing Amid SEC’s Crackdown On Exchanges.
As the crypto regulatory atmosphere in the US grows increasingly cloudy, prominent stock exchanges and brokerage firms like Robinhood are beginning to rethink their cryptocurrency offerings. The SEC has embarked on crackdown actions against two top cryptocurrency exchanges, Binance and Coinbase itemizing several digital assets on the platforms as unregistered securities. Amid this development, Robinhood […] origin »
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The Best Crash Gambling Sites for Thrilling Wins.
Crash gambling is a fast-paced and adrenaline-fueled online casino game. This article focuses on the best crash gambling sites where players can enjoy this unique form of crypto casino game. Betplay – Best Crash Casino Metaspins – Top Crypto Casino Cloudbet – Established Casino Bc. origin »
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Polygon Labs president testifies on democratizing the internet with Web3, blockchains.
The U.S. House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the internet and regulatory challenges. origin »
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Booming AI demand spurs AI-based crypto growth amid the current US SEC onslaught.
The rising demand for artificial intelligence (AI) chips, cited in Nvidia’s report towards the end of May, has spurred the growth of AI-based cryptocurrencies. The overall rally in the S&P 500 and Nasdaq Composite driven by Nvidia Corporation (NASDAQ: NVDA) over the past two weeks has provided a sentiment boost to AI and big data cryptocurrencies. origin »
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Another Australian bank places limits on payments to crypto exchanges.
Commonwealth Bank, one of Australia’s big four banks, announced on June 8 that it would decline or hold “certain payments” to crypto exchanges. The move comes after Australia’s oldest bank, Westpac, banned payments to crypto exchanges in May. origin »
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Top 3 Ignorant Ways Crypto Users Can Give Scammers Access To Their Wallets.
Wallet scam or hack is a growing thing in the crypto space in recent months. Several techniques can be used to stop situations like the recent theft of over $35 million in cryptocurrency from Atomic Wallet. origin »
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Social Media Targeted in EU Consumer Group Complaint About Crypto Ads.
BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto origin »
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Binance.US исключила из листинга десять торговых пар и приостановила работу сервиса OTC.
На фоне судебного иска Комиссии по ценным бумагам и биржам США (SEC) против Binance, американское подразделение биржи исключило из листинга десять торговых пар и приостановило работу сервиса OTC. источник »
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BitDAO (BIT) And Chiliz (CHZ) Loses as Investors Troop to the Ongoing Sparklo (SPRK) Presale to Make Profits.
Holders of BitDAO (BIT) and Chiliz (CHZ) are crossing over to the latest jewel in the crypto market which is Sparklo after unconvincing price performances of both coins. Sparklo has emerged as the best alternative for many investors who are dissatisfied with the performance of their portfolio and the token has been living up to […] origin »
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Three consecutive days of Bitcoin outflows.
Quick Take Looking at all exchanges combined, yesterday was the second largest Bitcoin outflow, 15,000 Bitcoin. Currently, 2. 292M Bitcoin sit on exchanges, now only 8K BTC away from where we were at the start of the year but 60% higher in price. origin »
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US federal court dismisses lawsuit against DeFi platform PoolTogether.
The DeFi community funded the protocol’s legal defense through a $1.4 million nonfungible token sale in 2022.
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EU watchdog targets crypto ads on Instagram, YouTube, TikTok, Twitter.
The largest European consumer rights group alleges crypto marketers on popular social networks use misleading promotion, exposing consumers to serious harm. origin »
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Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection.
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal. origin »
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DeFi Unfazed by SEC's Classification of Tokens as Securities.
These forces will likely only drive “more financial activity to DeFi,” one trader said. origin »
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UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services.
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling. origin »
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СМИ: SEC вынудит криптобиржу Binance переместиться в Гонконг.
Правовые эксперты считают, что несмотря на принудительные действия SEC в отношении крупнейшей криптобиржи Binance, площадка может беспрепятственно работать в Гонконге. источник »
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Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20.
Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins. origin »
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Cathie Wood says SEC scrutiny into Binance will reduce competition for Coinbase.
Ark Invest CEO Cathie Wood told Bloomberg that Coinbase could benefit from the Securities and Exchange Commission’s (SEC) scrutiny of Binance. The SEC sued both Coinbase and Binance earlier this week for allegedly offering unregistered securities, among other charges, in separate cases. origin »
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NiFTiesLab Corp Breaks New Ground with HSAC Token: Championing the Attention Economy on Bitcoin’s BRC20 Protocol Amidst Regulatory Uncertainty.
Road Town, British Virgin Islands – Hold onto your hats! NiFTiesLab Corp is rewriting the rulebook in the cryptocurrency world with its pioneering HSAC token. As the first attention economy token on the Bitcoin network’s BRC20 protocol, this revolutionary digital asset is poised to redefine how we understand and quantify user attention in the volatile […] origin »
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