According to data from research firm Kaiko, Binance’s market share has approached a one-year low due to increased regulatory scrutiny on the cryptocurrency industry. On June 5, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder, Changpeng “CZ” Zhao, impacting the largest cryptocurrency exchange.
Binance.US and its affiliated companies have taken legal action against the United States Securities and Exchange Commission (SEC), alleging “dishonesty and misleading” claims. The crypto exchange platform, Binance.US, along with its partners, filed a petition on June 21, seeking court intervention to challenge the SEC’s assertions regarding the handling of
Despite concerns surrounding the economy and regulatory actions targeting particular crypto exchanges, Bitcoin’s price exhibited remarkable resilience, surging past $30,000 and demonstrating sustained growth over the past few days. Reports indicate that the present value of BTC stands at $30,331.07, accompanied by a 24-hour trading volume of $31,662,818,930. Within the last
Jeff Kirdeikis, the CEO of TrustSwap, has expressed his disappointment in Canadian regulations. He claims that Canadian regulators have failed to serve the interests of the people. Jeff Kirdeikis’s controversial tweet got the attention of the crypto community. Canadian regulators are a joke. I've been forced to pull my money
Automobile giant Skoda’s Indian subsidiary, in keeping with its worldwide Web 3.0 ambition, has established Skodaverse India, a platform where users can access and buy/trade Non-Fungible Tokens (NFTs) in an attempt to boost interaction with the tech-savvy youth and build a loyal consumer base. Plus, Skodaverse is working with Near
Among the myriad of cryptocurrencies, the Shiba Inu coin has emerged as a major player, garnering widespread attention and popularity in recent times. The Shiba Inu (SHIB) token saw a 3.33% increase in price on Wednesday. And positioning it as one of the top trending digital assets on CoinMarketCap, a leading
One of the major cryptocurrency exchanges, Binance, has stated that it is working to integrate the Bitcoin Lightning Network. So that users may make deposits and withdrawals more quickly. The company’s CEO, Changpeng Zhao (CZ), has also verified the update. Binance decided to deploy the Lightning Network after experiencing difficulties
Bitcoin fell back in value immediately after it closed the weekend’s CME futures gap around the $26,500 price range. Data gathered by TradingView showcased that Bitcoin is still avoiding a high level of volatility. The XRP price has showcased an uptick and might even rally further as the situation evolves
Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has recently announced its investment in the projects that performed the best in Season 5 of its renowned Incubation Program. Out of more than 900 project applications received, only a select few, representing less than 2% of the
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
