In a bold warning, former Securities and Exchange Commission (SEC) chief, John Reed Stark, issued an urgent call to “get out of crypto platforms now.” In addition, he highlighted recent lawsuits against Binance Holdings Ltd. and Coinbase, citing these as critical reasons for his concern. Stark Backs SEC’s Crypto Pursuit
After a brief interruption in minting activity via its technological partner Prime Trust, the stablecoin TrueUSD (TUSD) lost its dollar peg in the early hours of June 10. At its lowest in the last 24 hours, the market price of the fifth most valuable stablecoin by capitalization was $0.9958. Its
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
In the volatile world of cryptocurrency, Shiba Inu (SHIB) bucks the trend with an astounding 4,181% surge in its burn rate. This indicates a massive reduction of 256,266,011 SHIB tokens from circulation within the last 24 hours. The tokens are gone, sent off to a ‘dead’ wallet, as Shibburn data
Senator Cynthia Lummis of the United States made headlines when she turned to Twitter to promote her efforts to create a legislative framework. That would allow people and businesses to own and trade digital assets inside the United States. Lummis has been collaborating with Senator Kirsten Gillibrand on a new
Staking in Terra Luna Classic (LUNC) has achieved a new record high of 1 trillion. Since last year, when a team of developers lead by professor Edward Kim introduced staking to Terra Classic, the community has been patiently waiting for this momentous accomplishment. Around a trillion LUNC, or roughly $100
Brian Armstrong, CEO of Coinbase, is proposing a radical vision for the future of cryptocurrency regulation. His dream regulatory structure pivots around enhanced market clarity, stricter protections, and an inclusive framework for emerging crypto elements like stablecoins. Full WSJ interview on YouTubehttps://t.co/yIF3dGI7oN — Brian Armstrong 🛡️ (@brian_armstrong) June 10, 2023
Subject to the conditions, Binance has quite updated its Terms of Use lately, this Tuesday. However, the revised Terms of Use explain the listing and delisting authority towards Binance with no proper concerned notice in advance. Binance’s Current Services According to the Binance services, the user activities are monitored with
Recent reports show high-profile financial commentators express their contempt over Securities and Exchange Commission (SEC) Chief Gary Gensler’s policies. Scott Melker, also known as “The Wolf Of All Streets,” voiced his anger on social media. He termed Gensler’s approach as “absolutely disgraceful.” Consequently, the hashtag “#FireGaryGensler” is now making rounds
Navigating the stormy seas of cryptocurrency, trading platforms like Binance encounter daily waves of change. Binance, a global crypto exchange arena forerunner, recently noted a net outflow of around $392 million over just one day. However, this figure might not be as alarming as it initially seems. According to our
