Thu, March 28

BNB Chain Launches opBNB to Revolutionize Scalability

BNB Chain, the blockchain founded by the renowned exchange Binance, has taken a significant stride. It  tackles the scalability challenge that has long plagued blockchain technology. In a recent launch, opBNB, a new layer-2 chain built on Optimism’s OP Stack, aims to transform scalability and affordability on the Binance Smart

June 20, 2023 2 mins read

Fake Binance Nigeria Limited Issued Cease and Desist Order by Binance

The Securities and Exchange Commission of Nigeria has banned a company called Binance Nigeria Limited from operating in the country. Investments placed on Binance Nigeria Limited are not protected by law, as stated in a circular released by the local authorities. Binance is now engaged in a heated legal struggle

June 19, 2023 1 min read

Binance Introduces Spot DCA (Dollar-Cost Averaging) on Spot Platform

Binance CEO CZ announced the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform amidst continuing regulatory issues including a recent lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The biggest cryptocurrency exchange aims to protect its customers’ assets and lessen the effects of market fluctuations.

June 19, 2023 2 mins read

CoinEx Settles With NYAG for $1.7M in Refund and Penalties

After being sued in February 2023 for unlawful operations. Hong Kong-based cryptocurrency exchange CoinEx settled with the New York Attorney General’s office for over $1.7 million. And a prohibition on providing services in New York. The money that has been seized will be used to pay fines and reimburse investors

June 18, 2023 2 mins read

Binance Stands Strong as Court Denied the SEC’s Request

The U.S. Securities and Exchange Commission filed a lawsuit against the world’s largest crypto exchange, Binance. The SEC’s ongoing lawsuit against the leading crypto exchange has gained significant attention within the crypto community. On June 17, the crypto exchange shared an update on the ongoing lawsuit. Binance stated that the

June 18, 2023 1 min read

U.S Court Approves Binance and SEC Proposed Settlement

On June 17, Binance and BAM Trading (Binance.US) reached a settlement with the US Securities and Exchange Commission (SEC), with the “Proposed Stipulation and Consent Order” being authorized by Judge Amy Berman Jackson of the US District Court for the District of Columbia. According to previous reports, the planned agreement

June 17, 2023 2 mins read

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