The U.S. Securities and Exchange Commission (SEC) stated that FTX’s native token, “FTT was Offered and Sold as an Investment Contract and as a Security.” The claim was made by SEC in a lawsuit filed against the FTX executives Caroline Ellison and Gary Wang on 21st December 2022. According to
On December 20th, reports surfaced that Sam Bankman-Fried (SBF), the founder of the insolvent cryptocurrency exchange FTX, signed paperwork authorizing his transfer to FBI agents for extradition to the United States to face criminal charges. This was anticipated since on December 19 Bankman-Fried was said to have accepted in principle
Coinbase said on Wednesday that it has received a Virtual Asset Service Provider license from the Central Bank of Ireland. With an eye on serving customers all around Europe and beyond, Coinbase plans to establish a European hub in Ireland. Coinbase has also appointed Cormac Dinan to the position of
The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million. According to CNBC, a
Binance is increasing its attempts to comply with American law enforcement and regulators. Earlier today, the biggest cryptocurrency exchange in the world by trading volume stated that it has joined the Chamber of Digital Commerce, an American lobbying organization, in order to “help establish policies that benefit and protect users.”
Despite the general decline in tech equities this year (2022), Coinbase stands out as a publicly listed firm whose major business is cryptocurrency. Other businesses in this exclusive group include Block Inc. (previously Square) and crypto mining companies Core Scientific and Riot Blockchain. Coinbase’s share price has dropped 87.04%, to
After Pang Xue Kai, the exchange’s founder and previous CEO resigned. Binance on December 19 stated that it had acquired a controlling stake in the Indonesian cryptocurrency exchange Tokocrypto and named a new CEO. By purchasing its third licensed cryptocurrency exchange, Binance is capitalizing on favorable market circumstances to expand
Leading cryptocurrency exchange platform Gleec BTC Exchange is seeking to expand in Latin America, beginning in Brazil where it recently acquired Blocktane’s operational assets. For a brief while, Blocktane ranked high in the Brazilian cryptocurrency industry. Gleec BTC Exchange took the initiative and announced today that it has purchased the
Boris Johnson’s brother Jo has resigned from his position as an adviser to the Binance cryptocurrency trading platform. In addition, Lord Johnson of Marylebone’s official documents reveals that he just started working in the position in September. The cryptocurrency market is in a volatile situation right now. And the business
The biggest cryptocurrency exchange by trading volume, Binance, has announced its top three most-watched cryptocurrencies. Bitcoin, Ethereum, and Shiba Inu are the three most-watched cryptocurrencies as per Binance this year. In the wake of FTX’s decline, the cryptocurrency market has been suffering. Investor faith in cryptocurrencies has been shaken by
