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
Investors are fleeing Binance and its sibling business Binance US because of their legal problems with U.S. authorities. Kaiko, a cryptocurrency analytics business, reports that since the SEC complaint was filed last week, market depth on the US sibling exchange has dropped by roughly 80%. Binance and its US-based sibling
Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) purchases on the retail trading platform eToro have been temporarily disabled for customers located in the United States as a result of a recent lawsuit from the Securities and Exchange Commission (SEC) designating these tokens as securities. A few days before,
A former enforcement officer has reportedly been recruited by Binance US as part of its legal team to help defend itself against claims of operating as an unregistered securities exchange amid a lawsuit filed by the United States Securities and Exchange Commission (SEC). George Canellos, previously of the SEC and
Kevin O’Leary, a star of “Shark Tank” and stakeholder in FTX, has said that he would dismiss Coinbase CEO Brian Armstrong in light of the recent crackdown by the US Securities and Exchange Commission. For “butting heads” with the US SEC, O’Leary had harsh words for Armstrong. Coinbase CEO Brian
If President Joe Biden and the Democratic Party don’t stop their “war against crypto,” they’ll lose the support of young people, who are critical to their success in office, say the Winklevoss twins. Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, tweeted on June 10 that the Democrats’ anti-crypto position
U.S. authorities’ legal action against Binance and Coinbase, two of the most popular cryptocurrency exchanges, has driven users in Latin America to Bitget. Moreover, Bitget informed that from June 6 to 9, new users in the area grew 43% compared to daily norms, with Brazil and Argentina topping the market
As part of its continuing bankruptcy procedures, the now-defunct FTX exchange was granted permanent anonymity for its users by a Federal Court in a historic judgement. The Associated Press reported that the verdict came after a two-day hearing in which the media and the United States Bankruptcy Trustee argued against
On Saturday, the Nigerian Securities and Exchange Commission called Binance, the biggest cryptocurrency exchange in the world, “illegal” to operate in the country. Binance’s legal woes stem from a complaint filed by the US Securities and Exchange Commission against the cryptocurrency exchange and several affiliated companies. The Securities and Exchange
OKX, a cryptocurrency exchange situated in Seychelles, has completed the 20th cycle of its Buy-Back and Burn program, burning around 5.5 million OKB tokens. A total of 5,497,312.77 OKB tokens, valued at $258 million based on a 90-day average, were repurchased from the secondary market and burnt, as stated in
