Sun, July 12

Court Dismisses SEC’s Request to Freeze Binance U.S Assets

The SEC had requested that Binance U.S funds and other assets be frozen. A US federal court has ruled against the proposal of the SEC. Binance had only the day before urged the court to dismiss a similar SEC proposal. Binance U.S and Securities and Exchange Commission have agreed to

June 14, 2023 2 mins read

Insolvent Bittrex U.S to Reopen for Withdrawals Post Court Ruling

The insolvent U.S. branch of the cryptocurrency exchange Bittrex will reopen for withdrawals on Thursday. The decision comes after Delaware bankruptcy judge Brendan Shannon’s ruling on Tuesday. The ruling stated: The exchange can “permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from

June 14, 2023 1 min read

Binance CEO Responds to Accusations of Selling Bitcoin and BNB

The U.S. Securities and Exchange Commission has continuously filed lawsuits against the top crypto exchanges, including the world’s largest crypto exchange, Binance. After the lawsuit, Binance gained a lot of support from the crypto community.  Binance and CZ have been selling spot Bitcoin at an alarming rate, to defend the

June 14, 2023 2 mins read

Binance U.S Market Share Declines Almost 80% Post SEC Lawsuit

Investors are fleeing Binance and its sibling business Binance US because of their legal problems with U.S. authorities. Kaiko, a cryptocurrency analytics business, reports that since the SEC complaint was filed last week, market depth on the US sibling exchange has dropped by roughly 80%.  Binance and its US-based sibling

June 13, 2023 2 mins read

Kevin O’Leary Criticizes Coinbase CEO for Going Against SEC

Kevin O’Leary, a star of “Shark Tank” and stakeholder in FTX, has said that he would dismiss Coinbase CEO Brian Armstrong in light of the recent crackdown by the US Securities and Exchange Commission. For “butting heads” with the US SEC, O’Leary had harsh words for Armstrong. Coinbase CEO Brian

June 12, 2023 2 mins read

Bitget Benefits Amidst Recent SEC Crackdown on Binance and Coinbase

U.S. authorities’ legal action against Binance and Coinbase, two of the most popular cryptocurrency exchanges, has driven users in Latin America to Bitget. Moreover, Bitget informed that from June 6 to 9, new users in the area grew 43% compared to daily norms, with Brazil and Argentina topping the market

June 11, 2023 2 mins read

Court Grants Defunct FTX Permanent Anonymity for Its Customers

As part of its continuing bankruptcy procedures, the now-defunct FTX exchange was granted permanent anonymity for its users by a Federal Court in a historic judgement. The Associated Press reported that the verdict came after a two-day hearing in which the media and the United States Bankruptcy Trustee argued against

June 10, 2023 2 mins read

Nigerian SEC Orders Binance to Halt Operations Calling It Illegal

On Saturday, the Nigerian Securities and Exchange Commission called Binance, the biggest cryptocurrency exchange in the world, “illegal” to operate in the country. Binance’s legal woes stem from a complaint filed by the US Securities and Exchange Commission against the cryptocurrency exchange and several affiliated companies. The Securities and Exchange

June 10, 2023 2 mins read

OKX Burns 5.5 Million OKB Tokens Via Buy-back Program

OKX, a cryptocurrency exchange situated in Seychelles, has completed the 20th cycle of its Buy-Back and Burn program, burning around 5.5 million OKB tokens. A total of 5,497,312.77 OKB tokens, valued at $258 million based on a 90-day average, were repurchased from the secondary market and burnt, as stated in

June 10, 2023 2 mins read

Binance.US Surprises Market with Potential USD Withdrawal Suspension

Binance.US, one of the prominent cryptocurrency exchanges, has made a surprising announcement that has sent ripples through the crypto community. The exchange revealed its plan to suspend USD withdrawals in the near future, adding to the already suspended USD deposits. Binance.US has urged all its customers to withdraw their USD

June 10, 2023 2 mins read