Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says

SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited. дальше »

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Do Kwon could serve prison in both US and South Korea, prosecutor says

South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well. дальше »

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EMAX class action against Kim K and Mayweather is back on, says judge

While a federal judge dismissed the lawsuit last year, U.S. District Judge Michael Fitzgerald has given the plaintiffs a new chance at pursuing action against the celebrities. дальше »

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Binance Says Gensler Once Offered to Be an 'Informal Advisor'

A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder. дальше »

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Cardano company Input Output says ADA is not a security

Input Output Global (IOG), the company behind Cardano, responded to recent regulatory action concerning the legal status of its ADA token on June 6. Input Output responds to SEC cases IOG’s statement pertains to the U. дальше »

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Blockchain Association members say courts will prove SEC, Gary Gensler wrong

Members of the Blockchain Association have commented on recent actions from the U. S. Securities and Exchange Commission (SEC). CEO says Gensler will be proven wrong The SEC sued Binance and Coinbase on June 5 and June 6, respectively. дальше »

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Coinbase CEO Brian Armstrong responds to SEC lawsuit; says Gensler’s views ‘not representative’ of US government

Brian Armstrong, CEO of Coinbase, defended his firm’s position and the broader cryptocurrency sector in a Bloomberg Live interview today. Armstrong’s remarks come in response to a recent lawsuit from the Securities and Exchange Commission (SEC) and as the U. дальше »

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Treasury Sec Janet Yellen says she’s “supportive” of SEC’s regulatory approach

US Treasury Secretary Janet Yellen says she supports what regulatory agencies are doing in terms of using available tools to protect consumers and investors in the crypto space. Yellen’s comments came on Wednesday during an interview with CNBC’s Squawk Box, and only a day after the SEC filed a lawsuit against Coinbase. дальше »

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Binance.US to delist 40 trading pairs, pauses OTC trading

Binance. US is delisting advanced trading pairs for coins such as AAVE, BCH and MKR on June 8. The 40 coins being delisted are for advanced trading pairs of USDT, BTC and BUSD. Binance. US has also paused its OTC trading, but says withdrawals and deposits remain open. дальше »

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XRP Ledger Hits New Milestone, Crypto Lawyer Says Ripple v. SEC Lawsuit About to Sunset, SHIB Bulls Buy Back 2.5 Trillion SHIB: Crypto News Digest by U.Today

Stay updated on all of industry's top events with U.Today's crypto news digest! дальше »

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Ripple CEO's Speech Hints at Pro-XRP Outcome in SEC Battle, Says Lawyer

Bill Morgan anticipates XRP victory following Brad Garlinghouse's rhetoric about SEC дальше »

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Ripple Lawsuit: “SEC Has A 3% Chance Of Winning,” Says Lawyer, Predicts XRP Victory Surge to $10 Price

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Binance.US Says Customer Funds Are Safe As SEC Requests Restraining Order To Freeze Assets

A day after slapping Binance with a lawsuit, the U.S. Securities and Exchange Commission is now taking swift action to freeze assets tied to the American arm of the global exchange “on an expedited basis”. дальше »

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First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says

ALSO: Why Binance's alleged co-mingling of assets isn't the same as FTX's alleged co-mingling of assets. дальше »

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US Doesn’t Need More Digital Currency, It Already Has The Dollar, Says SEC Chair

In a recent interview, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chair, declared that the United States does not require any other digital currency. As the SEC takes legal action against major cryptocurrency exchanges Binance and Coinbase for allegedly operating unregistered securities exchanges, Gensler emphasized that the U.S. dollar already serves as a […] дальше »

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Coinbase reminds world it tried to ‘embrace regulation’ as SEC sues for violations

Coinbase met with the SEC 30 times in 2022 seeking regulatory guidance and now it will “vigorously defend” itself, it says.

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Coinbase CEO responds to SEC suit, says team is ‘confident’ in facts and law

In a social media post, Brian Armstrong said he thinks the SEC’s rules are unclear and that the courts need to make rulings to clarify them. дальше »

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Industry Should Guide Crypto Regulation, Says Managing Partner of Cummings Pepperdine

Claire Cummings, managing partner at Cummings Pepperdine, believes the industry does not have enough say when it comes to drafting, enacting, and enforcing crypto regulation. The post Industry Should Guide Crypto Regulation, Says Managing Partner of Cummings Pepperdine appeared first on BeInCrypto. дальше »

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Lightning Data Analytics Firm Amboss Launches New ‘Liner’ Index for Bitcoin Yield

The company says the new index dubbed Lightning Network Rate (Liner) could be like Bitcoin’s version of the London Interbank Offered Rate (Libor), a global reference rate for loans. Liner complements Magma, the Lightning liquidity marketplace launched by Amboss last year. дальше »

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Elon Musk Gives Epic Dogecoin Reply to Twitter Founder Who Says Ethereum Is Security

Ethereum is security? Twitter founder Jack Dorsey insists so, Elon Musk gives epic DOGE reply дальше »

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U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

Gensler's comments follow landmark suits filed this week against Binance and Coinbase. дальше »

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ADA tanks 7% post Binance lawsuit: 'Dystopia,' says Hoskinson

After being labeled as an unregistered security, ADA’s price fell sharply. The Cardano founder opined that the regulator was authoritarian. Shredding 7.64% in the last 24 hours was not somThe post ADA tanks 7% post Binance lawsuit: 'Dystopia,' says Hoskinson appeared first on AMBCrypto. дальше »

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Ripple v. SEC Lawsuit About to Sunset, Crypto Lawyer Says It Portends Well for XRP

Ripple-SEC lawsuit has gone on for more than two years дальше »

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Binance CZ says SEC lawsuit is ‘an attack on the entire industry’

Binance CEO Changpeng Zhao (CZ) described the U.S. Security and Exchange Commission lawsuit against his firm as an attack on the entire crypto industry. On June 5, the SEC filed a lawsuit against Binance, and related entities, alleging federal securities law violations placing American investors at risk, including the firm offering of unregistered security tokens […] The post Binance CZ says SEC lawsuit is ‘an attack on the entire industry’ appeared first on CryptoSlate. дальше »

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AI should be regulated like medicine and nuclear power: UK minister

A minister from the United Kingdom’s opposition party says artificial intelligence should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries. дальше »

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Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’

United States Attorney Damian Williams says the lies of the former Minnesota Vikings co-owner exposed the U.S. financial system to “serious risk.” дальше »

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Apple's New Headset Could Change the Way We Design the Metaverse

Apple on Monday announced its Vision Pro headset, which it says "seamlessly blends digital content with the physical world." What could this mean for the future of Web3? дальше »

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Genesis granted plan extension; judge says FTX can’t take part in mediation

A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is currently in bankruptcy proceedings. дальше »

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Bitcoin “Very Unlikely” To Make New Low, Says Analyst as BTC Price Flirts With $25k

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Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says

If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says. дальше »

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Binance responds to the SEC, CCO says “operating unlicensed securities exchange”

In what seems like a leaked communication between Binance Chief Compliance Officers (CCOs), a CCO was quoted saying “We are operating a fking unlicensed securities exchange in the USA bro. ” The SEC had earlier today announced it had charged “Binance Holdings Ltd. дальше »

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Coinbase aims at institutional investors with larger BTC and ETH futures

Coinbase derivatives exchange is set to launch its institutional-sized bitcoin (BTC) and ether (ETH) futures contracts. The company says the financial instruments will come with enhanced risk management features and lower fees. дальше »

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VanEck Says This Is When Ethereum (ETH) Will Reach $11,800

In a new report released by global investment manager VanEck, Ethereum (ETH) takes center stage as the cryptocurrency with immense growth potential. According to VanEck’s analysis, they predict that the price of ETH will hit $11,800 by the year 2030, positioning it as a formidable competitor to traditional US Treasury bonds. This projection has caught […] дальше »

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XRP, ADA and SHIB Are Undervalued, Santiment Says

Cryptocurrency analysis platform Santiment indicates that key altcoins, such as Ripple-affiliated XRP, Cardano (ADA), and Shiba Inu (SHIB), might currently be undervalued дальше »

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Qatar Isn’t Doing Enough to Tackle Crypto Money Laundering, Says Watchdog

The Financial Action Task Force (FTAF) has reprimanded Qatar for its insufficient efforts in addressing money laundering and terrorist financing. The report highlights the lack of convictions and major inconsistencies in Qatar's response. дальше »

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Binance (BNB) Has No Plans to Enter Bitcoin (BTC) Mining, CZ Says

Binance CEO Changpeng Zhao, colloquially known as CZ, shares his views on crypto in Dubai, Bitcoin (BTC) mining and challenges of Lightning Network integration дальше »

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Good For Crypto: FDIC Says Record $472 Billion Withdrawn By US Depositors

Crypto could be enjoying some boost in price and adoption as the latest report from the Federal Deposit Insurance Corp. showed that deposits of about half a trillion dollars were removed from U. S. дальше »

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Time for Ethereum to Pass Torch to Cardano: ADA Community Says

Pro-Cardano crypto entrepreneur believes Cardano is ready to surpass Ethereum and take the “leadership torch” away from it дальше »

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Kenyan central bank says CBDC not a priority

Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya's Central Bank (CBK) has told the public that a CBDC is not a priority. дальше »

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CBDC ‘may not be a compelling priority,' says Kenya’s central bank

The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.

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Justin Sun says Huobi could get Hong Kong license in 6 months

Huobi could be licensed as a crypto trading provider in Hong Kong by the end of the year, Justin Sun, the founder of Tron and a Huobi Global advisor has said. The Huobi Token rose briefly to trade above $3. дальше »

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CFTC commissioner says proposal to reassess risk management could consider crypto

Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management. дальше »

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Bloomberg's Top Expert Unveils Scary Bitcoin Price Prediction

Bloomberg's Mike McGlone unveils alarming price prediction, says decline may continue дальше »

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Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark

The new protocol’s 24-year-old creator says Lightning’s inbound liquidity requirement - requiring users to commit funds to the protocol even when they're just receiving payments – “doesn’t make any sense.” дальше »

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Galaxy Digital CEO Mike Novogratz Says This Will Kickstart The Bitcoin Bull Market

Bitcoin and the broader cryptocurrency market have been trending sideways for the last month with no indication of an upside at this point. However, not everyone is bearish on the market as Galaxy Digital CEO Mike Novogratz expects the market to turn bullish soon, and he gives reasons for why he believes this will happen. дальше »

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Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz

The Galaxy Digital CEO says there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets. дальше »

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Michael Novogratz says Bitcoin will be ‘off to the races’ near year-end

Bitcoin ended May down 8. 0% – its worth month since November. Galaxy Digital CEO Michael Novogratz is still bullish on BTC. He explained why this morning on CNBC’s “Squawk Box”. дальше »

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Data says crypto markets corrected in May, NFT market slow

The crypto market experienced a month of widespread corrections, adjustments, slow NFT marketplace activities, and more, in the month of May, according to on-chain data released by The Block.  дальше »

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CoinDesk Turns 10: The ICO Era – What Went Right?

The ICO boom is remembered as an orgy of fraud and scammy behavior. But ICOs funded many crypto success stories - and might still have benefits, says David Z. Morris. This story is part of our series looking back at the biggest stories from the last decade. The ICO boom is our choice for 2018. дальше »

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Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin

The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation. дальше »

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