Troubled exchanges like Binance and Coinbase might not be the biggest trading venues for Bitcoin, Samson Mow hinted. Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges. The total Bitcoin market is not limited to Binance, Coinbase…
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While the blockchain and decentralized finance are often touted as the future of finance, according to Binance’s head of product Mayur Kamat, more people will become comfortable using these when there are crypto “wallets that work like modern technology.” For Kamat, an early bitcoin buyer and holder, simplifying the user experience and reducing friction for…
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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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Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order. The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a…
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Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a court filing. ‘No Need for the Draconian Relief Sought by the SEC,’ Binance…
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BNB snapped a four-day losing streak on Tuesday, as traders moved to buy the recent dip in price. The native token of Binance fell to a six-month low to start the week, following recent sentiment surrounding the exchange. XRP also rebounded today, hitting a multi-month high. BNB BNB rebounded from a recent losing streak on…
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Attorneys for Binance.US and Binance CEO Changpeng Zhao argued that the US Securities and Exchange Commission’s temporary restraining order to freeze its assets should be denied. There is no risk to customer assets, the lawyers said on Monday in a court filing ahead of a Tuesday hearing to discuss the SEC’s proposed restraining order. … Read…
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Binance.US has lodged its defense ahead of the June 13 hearing on whether its funds will be frozen. Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets, claiming that the move would “effectively end” its business. In a June 12 filing, Binance.US slammed the Securities and Exchange…
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The social trading and investment company Etoro declared on Monday that starting July 12, 2023, U.S. customers would be unable to initiate new trades for ALGO, MANA, DASH, and MATIC. The company cited the “rapidly evolving regulatory landscape” as the reason behind the delistings. Etoro Reveals Plans to Delist 4 Crypto Assets Based in Tel…
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Binance.US has bulked up its legal expertise and added four lawyers to fight recent charges from the US Securities and Exchange Commission. One of those lawyers includes former co-director of the SEC’s enforcement division, George Canellos, according to Bloomberg News. Canellos was also the SEC’s acting director and deputy director in the enforcement division where…
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