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
Binance.US and the Securities and Exchange Commission have reached an agreement to collaborate on a resolution that avoids a complete asset freeze at the cryptocurrency trading platform, following allegations of illegal operations by the regulator. The recent statement from US District Judge Amy Berman Jackson highlights the significant progress made
In an ongoing motion, the House Financial Services Committee has called upon Congress to establish a consistent and clear regulatory framework for digital assets, emphasizing the need for regulatory certainty in the ever-evolving landscape. The motion highlights the jurisdictional challenges between the Securities and Exchange Commission (SEC) and the Commodity
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
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
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
BlockDown Festival is thrilled to announce a strategic partnership with the Metaverse Fashion Council to enhance the festival’s fashion content and create a more immersive and interactive experience for attendees. This collaboration will bring together the world of fashion and Web3, featuring events such as the Metaverse Fashion Show and
The CEO of Binance, Changpeng Zhao stands forth in the tough times of facing the allegations from the SEC. However, the critical implications on the employer chat record of two customers are addressed by Zhao in his recent concerns. Firstly, a guy, 5 years ago created a reputation check on
After more than six weeks of sideways trading, cryptocurrency analysts and investors are keenly observing the movements in the crypto market. One token of special interest from holders is Binance Coin (BNB), especially after the United States Securities and Exchange Commission (SEC) called it a security. On the other hand,
As soon as the major cryptocurrency exchange, Binance got sued by SEC on Monday, the U.S. District Court sent a summons to the current CEO of Binance, Changpeng Zhao. This has created a disruption in the crypto market that leads to the global crypto market capitalization falling at a 1.63%
