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
The major cryptocurrency exchange, Binance got sued by the United States Securities and Exchange Commission (U.S. SEC) earlier this month. However, several crypto community is joining hands thereby supporting the cryptocurrency exchange, Binance. Likewise, European-based financial regulators and police are processing with the SEC to investigate the information on Binance.
Less than 10 days after the SEC first filed claims, the judge presiding over the lawsuit between the SEC and Coinbase has been replaced. Coinbase and Binance, two of the major cryptocurrency exchanges, were sued by the cryptocurrency regulator. It has been alleged that top US exchange Coinbase ran an
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
As of now, the top cryptocurrency exchange, Binance has submitted its responses against the lawsuit claimed by the Securities and Exchange Commission (SEC). The CEO of Binance, Changpeng Zhao reached out to the court responses and it seems the heat of the moment. Considerably, the judgment relies on the U.S.
The United States’ crypto war has also had an effect on the stablecoin ecosystem, with a notable split developing between the two largest issuers. According to the company’s transparency report, the total supply of Tether has hit an all-time high of 83.36 billion USDT. Will Clemente, an industry expert, said:
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
In a shocking turn of events, SEC Chair Gary Gensler faces accusations of a potential dual role involving his relationship with Binance. Lawyers representing Binance and its founder Changpeng Zhao have alleged that Gensler, currently taking strong actions against the crypto world had offered to serve as an advisor to
In the last 24 hours, the cryptocurrency market has witnessed positive and negative developments. One significant event that sent shockwaves throughout the market this week was the Securities Exchange Commission (SEC) taking legal action against Binance, the leading cryptocurrency exchange, and its CEO, Changpeng Zhao (CZ). However, certain cryptocurrencies have
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%
