The U.S. Justice Department’s national security division is investigating Binance Holdings to determine whether the cryptocurrency exchange was illegally utilized to allow Russians to move funds through it in violation of US sanctions related to Russia’s invasion of Ukraine, as per the Bloomberg report. This is not the first time
Coinbase, a leading cryptocurrency exchange, has recently announced its Q1’23 financial results in a tweet. The full letter to shareholders can be found on the company’s Investor Relations website. The tweet also stated that Coinbase has been focused on building an increasingly efficient business that can do more for less.
Since “Ethereum’s Shanghai upgrade,” the two largest centralized cryptocurrency exchanges, Binance and Coinbase, have seen significant outflows of staked Ether (ETH) as investors turn to decentralized competitors. According to Dune Analytics data, the world’s largest cryptocurrency exchange, Binance’s staking service, has seen a net outflow of $340 million. In addition,
Kenya, a country in East Africa has recently introduced 1.5 percent taxes on commissions for crypto trading and exchange over four million people in the country. Considerably, in April 2023, the country will scrap the 1.5% tax imposed on crypto trades for foreign operations, says William Ruto, the president of
Binance, the world’s largest crypto exchange, has announced its collaboration with Unstoppable Domains, a company specializing in blockchain domain names. This collaboration allows users to choose their preferred digital identities. By owning such a domain name, it makes it easy to send or receive cryptocurrencies instead of using alphanumeric wallet
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
As a part of the ‘Crypto435‘ campaign conducted by Coinbase, a live Twitter Space discussion happened in Washington, DC – concerning cryptocurrency policies and national securities with the CEO of Coinbase, Brian Armstrong. The other people who joined in the spaces include Anja Manuel, Tomicah Tillemann, and Faryar Shirzad, during
The United States Securities and Exchange Commission (U.S. SEC) has claimed that the major crypto exchange, Coinbase is violating federal laws. In March 2023, SEC sent a Wells Notice against Coinbase with a dispute of enforcement actions ahead. Meanwhile, the head of Coinbase, Vishal Gupta resigned post the Wells Notice.
Initial Exchange Offerings (IEOs) are becoming increasingly prevalent in cryptocurrencies. These IEOs allow new and innovative projects to raise capital from investors by selling their tokens on a cryptocurrency exchange. Binance Launchpad is one such platform that hosts IEOs for some of the most promising blockchain projects. Top 10 IEO's
Sooner this Monday, the U.S. Securities and Exchange Commission (U.S. SEC) charged Bittrex, a cryptocurrency exchange for unregistered security policies. The CEO of Bittrex, William Shihara, and the representatives had to respond to the complaint raised over Bittrex. Furthermore, it is mentioned that SEC charged Bittrex’s foreign affiliate termed ‘Bittre
