Coinbase is seeking a favorable ruling from a federal district court as the U.S. Securities and Exchange Commission (SEC) continues its assault on the cryptocurrency business. Moreover, Coinbase has submitted a response to the commission’s request to extend the deadline for responding to the rulemaking petition by 120 days. Coinbase’s
Binance, the world’s largest cryptocurrency exchange, and its U.S. subsidiary, Binance U.S, along with the Securities and Exchange Commission (SEC) have negotiated a tentative settlement, which is awaiting approval from a federal court. The proposed agreement would restrict client money on the Binance.US crypto exchange to only the staff of
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
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.
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 FDIC has warned the California-based cryptocurrency exchange OKCoin USA Inc., which is affiliated with the OKX, to avoid exploiting the FDIC’s name to strengthen its validity. The letter, sent to OKCoin’s CEO Hong Fang, raised concerns that the platform may be in breach of the FDIA’s Section 18(a)(4). Moreover,
After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at
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
The Securities and Exchange Commission (SEC), the top financial regulator in the United States, responded to Coinbase’s writ of mandamus on Tuesday. It would seem that the commission is not in the mood to issue sensible new rules. According to the court document, the U.S. SEC said it had not
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
