Binance’s US-based exchange, Binance.US, has seen a sharp decline in its share of the trading volume among exchanges that support USD-to-crypto trading. The dwindling market share held by Binance.US was clearly visible on data analyzed by The Block, which showed that the exchange now holds a market share of just 4.35%, down from more than…
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The SEC doesn’t have it all its own way in a court struggle with Binance.US and faces more media pressure. Once again, the United States Securities and Exchange Commission (SEC) became the week’s headliner. Its intention to freeze the entirety of Binance.US’s assets got a reality check from U.S. district court Judge Amy Berman Jackson,…
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Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations? In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its…
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Binance Markets Limited, a UK subsidiary of Binance, has canceled its registration with a UK regulator. That came in a June 7 update from the Financial Conduct Authority that said the subsidiary is not allowed to “undertake any regulated activity in the UK.”… Read More: Binance Subsidiary Cancels Registration With UK Regulator Read more »Sign…
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Binance-branded BUSD stablecoin has lost another $1 billion in market cap, descending to the fourth position among stablecoins. The Binance USD (BUSD) stablecoin currently has a market cap of around $4.3 billion, down from $5.5 billion a month ago, data by CoinMarketCap shows. This places BUSD in fourth position among stablecoins and right behind decentralized stablecoin DAI, which…
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This comes after the Nigerian Securities and Exchange Commission released a circular stating the illegality of Binance Nigeria Limited in the country. Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited. On Sunday, June 18, Zhao took to Twitter to make…
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Binance.US and the US Securities and Exchange Commission have agreed on a compromise that avoids the freezing of the exchange’s assets. On Saturday, US Judge Amy Berman Jackson approved an agreement between the two, dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. … Read More: Binance.US Avoids Total Asset Freeze Through Agreement with SEC Read more »Sign…
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Binance CEO Changpeng “CZ” Zhao is pleased the disagreement with the SEC is over. Binance CEO Changpeng “CZ” Zhao expressed his happiness and relief as a prolonged dispute with the United States Securities and Exchange Commission (SEC) was successfully resolved. The SEC’s ongoing scrutiny had created a tense and uncertain period for the company, making the resolution…
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As per the approved agreement, only Binance.US employees will have access to client funds until the litigation is resolved. United States Judge Amy Berman Jackson approved on June 17 an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. Judge…
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