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 crypto market experienced a downtrend after the SEC continuously filed charges against the leading crypto exchanges. However, the cryptocurrency Quant (QNT) has shown an extraordinary surge in its trading price. The sudden price surge captured the attention of investors in the crypto market. On June 16, Quant, the London-based
Ukrainian regulators have announced their plans to raise taxes on crypto gains starting in 2024. Both individuals and businesses involved in cryptocurrency transactions would be subject to an 18% tax on their profits under the proposed plan. The National Commission for Securities and the Stock Market plans to charge a
In a notable shift, Binance has opted to delist PEPE as a borrowable asset. Consequently, this change in Binance’s Flexible Loan offerings signals an intriguing shift in the platform’s asset management strategy. As per Binance’s announcement, this strategic decision will culminate on June 21, 2023, at 08:00 (UTC). Hence, users
Following the United States Securities and Exchange Commission’s (SEC) designation of several cryptocurrencies as investment contracts earlier this week, digital currency trading platform Bakkt Inc will delist Cardano (ADA), Solana (SOL), and Polygon (MATIC). The crypto exchange based in Georgia, USA, decided to delist three cryptocurrencies due to regulatory uncertainties.
In a surprising twist of events, the Securities and Exchange Commission (SEC) has stepped up its game against major crypto exchanges in the U.S. After years of encouraging registration, the regulatory body is now throwing down the gauntlet. However, this is targeting the key players offering unregistered crypto trading to
For the upcoming National Cricket Team’s sponsorship, the Board of Control for Cricket in India (BCCI) has banned certain platforms for its lead. Such platforms include cryptocurrency, betting platforms, tobacco, real-money gaming, and other alcohol brands. For a couple of years, the BCCI has barred crypto sponsorships. Back in 2021,
Binance, the biggest cryptocurrency exchange in the world, is now experiencing regulatory uncertainties and legal problems on a global scale. Lately, the Paris prosecutor’s office has allegedly opened an inquiry into the cryptocurrency exchange, prompting a response from the exchange. The Paris prosecutor’s office has announced that Binance is being
The crypto market has once again witnessed a huge sell-off as regulatory sanctions throw investors into panic mode. Popular meme coin, Shiba Inu (SHIB), has been one of the worst hit by the crypto market downtrend, with its price tumbling by 23.8%. Meanwhile, investors are now closely monitoring the price
Binance, the world’s largest cryptocurrency exchange, is encountering a series of challenges and increased legal scrutiny. Following a lawsuit in the United States and a license denial in the Netherlands, the exchange is now under investigation by French authorities for “aggravated money laundering.” This latest occurrence adds to the mounting
