One more catastrophe occurred in the highly volatile cryptocurrency market. In a dramatic turn of events, crypto trading platform Abra and its CEO, William (Bill) Barhydt, are facing allegations of securities fraud as the Texas State Securities Board filed an emergency cease and desist order against the company. The regulator
The world-renowned cryptocurrency exchange Binance has decided to delist PEPE as a borrowable asset on its Flexible Loan platform. As per Binance’s official statement, starting from June 21, 2023, at 08:00 (UTC), users will lose the ability to borrow PEPE on the Flexible Loan platform, in line with the delisting
Crypto exchange Binance now offers Bitcoin mining subscription services. For those who want to mine Bitcoin but don’t have the gear, Binance’s cloud mining services are now available for the purchase of hashrates as of June 15. The “hashrate” is the computational capacity needed to verify Bitcoin transactions on the
Binance, the largest cryptocurrency exchange in the world, said on Wednesday that it would support the major v2.1.1 update to the Terra Classic (LUNC) network after its users voted in favor of Proposal 11561. It will make the blockchain competitive with other Cosmos chains like Terra 2.0. As a result,
Binance, the leading cryptocurrency exchange, recently experienced a notable surge in its native token, BNB, putting an end to a prolonged downtrend. BNB witnessed a 5.44% spike today, reaching $248.53 USD, delivering a positive boost to the Binance community. The previous month has been a rollercoaster ride for Binance, with
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
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.
Cryptocurrency exchange Binance had been through one of the worst turbulent outflows in the past week due to the SEC lawsuit. Reportedly, the exchange remarkably recorded a positive netflow of $521 million, as per data from the Web3 analytics tool 0xScope. In the last 24 hours, Binance witnessed an inflow
