Binance.US attorney Matthew Laroche has asked a federal judge to consider putting an end to the SEC’s investigation for potential fraud. The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report…
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Gemini is investigating the root cause behind the suspected price glitch. Crypto users are reporting seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange, only hours after it relisted the token on its platform for deposits and trading. Several crypto community members on X (Twitter) have posted screenshots of what many…
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Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,” claiming that it is “manufactured by the SEC for its own purposes.”
‘Why Now?’—Binance Hits Back…
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On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue…
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On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts. Hashkey Capital’s Fund III to Focus on Web3, Emerging Markets and Crypto Solutions Amid…
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