Binance Holdings Ltd., BAM Trading Services Inc. (Binance’s U.S. subsidiary), and founder Changpeng Zhao have all been accused of misconduct by the United States Securities and Exchange Commission (SEC) recently. These claims include various points, such as alleged securities law breaches and a lack of openness. These allegations have cast
SEC Chair Gary Gensler expressed his view that the United States does not require additional digital currency. This statement came alongside the SEC’s legal actions against Binance and Coinbase for allegedly operating unregistered securities exchanges. During an interview with CNBC, Gensler refuted allegations that his approach was creating ambiguity regarding
Following the Securities and Exchange Commission’s lawsuits against Coinbase and Binance, two prominent cryptocurrency exchanges, there was a slight marginal decrease in the prices of Bitcoin, Ether, and other major cryptocurrencies. Bitcoin experienced an immediate decline of approximately 2.87%, Ether dipped by 1.72%, and BNB, Binance’s digital currency, reached a
Since the collapse of FTX in late 2022, there has been an exodus of cryptocurrency users and traders from centralized exchanges to decentralized exchanges (DEXs). The recent crackdown on centralized exchanges by regulators has also fueled a growing interest in DEXs. These factors have contributed to making DEXs great investment
The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by
North Korea’s most renowned cyber-hacking organization has been linked to a cryptocurrency mixer where illicit proceeds from the $35 million Atomic Wallet attack have been circulating. Elliptic, a provider of blockchain compliance analytics, said on June 5 that its Investigations Team has linked crypto mixer Sinbad.io to the theft of
Despite the potential advantages connected with central bank digital currencies (CBDCs), the UK government should carefully assess and endeavor to minimize any risks linked with the establishment and possible adoption of the so-called digital pound. This is especially important “in relation to financial stability, privacy, and security risks,” according to
Apple officially revealed its highly anticipated mixed-reality headset, the Apple Vision Pro, during the Worldwide Developers Conference. The announcement has caused waves of excitement among both the tech community and virtual reality enthusiasts, for its advanced features and immersive capabilities. Priced at $3,499, the Vision Pro is primarily aimed at
Shockwaves have been felt across the cryptocurrency industry after Monday’s SEC lawsuit against cryptocurrency exchange Binance. Over the last 24 hours, Bitcoin and the cryptocurrency market as a whole have dropped by 4%. Many prominent figures in the cryptocurrency industry have spoken out in favor of Binance and its leadership
Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
