Sat, April 4

Coinbase Urges Court To Grant Mandamus Post Delay by U.S SEC

Coinbase is seeking a favorable ruling from a federal district court as the U.S. Securities and Exchange Commission (SEC) continues its assault on the cryptocurrency business. Moreover, Coinbase has submitted a response to the commission’s request to extend the deadline for responding to the rulemaking petition by 120 days. Coinbase’s

June 17, 2023 2 mins read

Crypto Market Rebounds as Binance and U.S SEC Reach Settlement

Binance, the world’s largest cryptocurrency exchange, and its U.S. subsidiary, Binance U.S, along with the Securities and Exchange Commission (SEC) have negotiated a tentative settlement, which is awaiting approval from a federal court. The proposed agreement would restrict client money on the Binance.US crypto exchange to only the staff of

June 17, 2023 2 mins read

Judge Presiding Over Coinbase vs SEC Lawsuit Replaced

Less than 10 days after the SEC first filed claims, the judge presiding over the lawsuit between the SEC and Coinbase has been replaced. Coinbase and Binance, two of the major cryptocurrency exchanges, were sued by the cryptocurrency regulator. It has been alleged that top US exchange Coinbase ran an

June 17, 2023 2 mins read

Bakkt Announces Delisting of ADA, SOL and MATIC Amid SEC Crackdown

Following the United States Securities and Exchange Commission’s (SEC) designation of several cryptocurrencies as investment contracts earlier this week, digital currency trading platform Bakkt Inc will delist Cardano (ADA), Solana (SOL), and Polygon (MATIC). The crypto exchange based in Georgia, USA, decided to delist three cryptocurrencies due to regulatory uncertainties.

June 16, 2023 2 mins read

BlackRock Eyes Bitcoin Spot ETF, Files SEC Application

In an audacious stride, BlackRock, the titan of global asset management, is on course to initiate a Bitcoin spot ETF. On Thursday, the firm formally lodged an application with the US SEC. This move follows rumors sparked by a CoinDesk report suggesting an imminent filing. Teaming up with Coinbase, the

June 16, 2023 2 mins read

Binance CEO CZ Calls Recent French Probe Regular Procedures

Binance, the biggest cryptocurrency exchange in the world, is now experiencing regulatory uncertainties and legal problems on a global scale. Lately, the Paris prosecutor’s office has allegedly opened an inquiry into the cryptocurrency exchange, prompting a response from the exchange. The Paris prosecutor’s office has announced that Binance is being

June 16, 2023 2 mins read

Binance is Under Money Laundering Probe by French Authorities

Binance, the world’s largest cryptocurrency exchange, is encountering a series of challenges and increased legal scrutiny. Following a lawsuit in the United States and a license denial in the Netherlands, the exchange is now under investigation by French authorities for “aggravated money laundering.” This latest occurrence adds to the mounting

June 16, 2023 1 min read

Binance Exits Netherlands Following License Rejection

Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Netherlands following its unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license would have certified it’s compliance with anti-money laundering (AML) guidelines.  Starting from July 17, 2023, Dutch residents will only be

June 16, 2023 1 min read

FDIC Issues Warning to Crypto Exchange OKCoin Over Insured Claim

The FDIC has warned the California-based cryptocurrency exchange OKCoin USA Inc., which is affiliated with the OKX, to avoid exploiting the FDIC’s name to strengthen its validity. The letter, sent to OKCoin’s CEO Hong Fang, raised concerns that the platform may be in breach of the FDIA’s Section 18(a)(4). Moreover,

June 16, 2023 2 mins read

Binance US Reportedly Fired Staff Amid Ongoing SEC Lawsuit

After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at

June 16, 2023 2 mins read
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