Wed, February 12

Binance SEC Controversy: Jim Cramer Sounds Alarm on Crypto’s Future

Binance Holdings Ltd., BAM Trading Services Inc. (Binance’s U.S. subsidiary), and founder Changpeng Zhao have all been accused of misconduct by the United States Securities and Exchange Commission (SEC) recently. These claims include various points, such as alleged securities law breaches and a lack of openness. These allegations have cast

June 6, 2023 2 mins read

SEC vs Binance Lawsuit Leads to Horrendous Outcomes in 24H

The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by

June 6, 2023 2 mins read

Charles Hoskinson Criticizes SEC’s Latest Move Against Binance

Shockwaves have been felt across the cryptocurrency industry after Monday’s SEC lawsuit against cryptocurrency exchange Binance. Over the last 24 hours, Bitcoin and the cryptocurrency market as a whole have dropped by 4%. Many prominent figures in the cryptocurrency industry have spoken out in favor of Binance and its leadership

June 6, 2023 1 min read

Did Binance Find a Better Replacement For CZ?

Changpeng Zhou, the CEO of the world’s largest cryptocurrency exchange, Binance, made a statement in 2021. He expressed his willingness to step down as the company aims to become a regulated financial institution. Since then, there has been much speculation about his potential replacement. However, this statement remained without further

June 5, 2023 1 min read

Gate.io Warns of Legal Action Over Spreading Bankruptcy Rumors

After hearing reports of insolvency, centralized cryptocurrency exchange Gate.io has threatened legal action. Since May, members of the crypto community have speculated that the problematic cross-chain protocol Multichain may be related to Gate.io. The exchange tweeted in Turkish (translated): “Legal proceedings will be initiated against people who cause panic among

June 5, 2023 1 min read

Uniswap CEO Hayden Adams Criticizes Ongoing Scam

Uniswap Labs CEO and protocol developer Hayden Adams recently went to Twitter to express his dismay over the presence of a fake Uniswap website. Adams tweeted his astonishment at the hoax’s level of complexity, noting the effort and time that went into its creation. He continued by saying that the

June 4, 2023 1 min read

Binance CEO Highlights Dubai’s Crypto Innovations in Twitter AMA

Changpeng Zhao (CZ), CEO of the world’s largest crypto exchange, Binance, conducted an AMA session on Twitter. He provided insights into some of Binance’s initiatives, such as the lightning network and the presence of the exchange in Dubai. On March 31, Binance CEO CZ conducted an AMA session on Twitter.

June 3, 2023 2 mins read

MaskEX Eyes Global Expansion With 300% Staff Growth by Q3

The next-generation cryptocurrency exchange MaskEX is on a recruiting rampage to support its ambitious aspirations for international development, notably in the MENA, CIS, and SEA areas. Before the end of Q3, the business plans to increase its worldwide workforce by an outstanding 300%, going from its present headcount of 100

June 1, 2023 2 mins read

The Monetary Authority of Singapore Grants Major Payment Institution Licence to Crypto.com

Today, the Monetary Authority of Singapore (MAS) granted Crypto.com its Major Payment Institution (MPI) licence for the provision of Digital Payment Token (DPT) services. This statement comes after MAS granted Crypto.com its in-principle clearance in June 2022. With the help of this licence, Crypto.com may keep offering consumers in Singapore

June 1, 2023 2 mins read

FTX Bankruptcy Referred to US Appeals Court for Independent Investigation

An important step has been taken in the wake of the FTX collapse with the referral of a lawsuit involving the appointment of an independent investigator to the US Third Circuit Court of Appeals by a judge in Delaware. The administration and a number of Senators first banded together to

May 31, 2023 2 mins read