Tag: Binance

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SEC is killing innovation in the United States — 1inch co-founder

U.S.-based Web3 companies and cryptocurrency exchanges could be pushed offshore following enforcement actions against Coinbase and Binance.US. The United States could run the risk of an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase and Binance. Sergej Kunz, co-founder of decentralized finance (DeFi) protocol 1inch Network, believes…
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SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says

The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest digital asset exchange to leave the United States. U.S. SEC Crackdown on Binance Is Different, Legal Expert Says…
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Binance.US To Remove Over 100 Trading Pairs by Thursday Days After SEC Charges

Binance.US has decided to remove over 100 trading pairs by June 8, days after the Securities and Exchange Commission sued Binance and its CEO. Those trading pairs, which are assets that can be traded for each other on an exchange, included AAVE/USDT, SUSHI/USDT, POLYX/USDT, FLOW/USDT, ATOM/BTC and HBAR/BUSD among others. … Read More: Binance.US To Remove…
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CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits

Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry. Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers. According to a June 7 report from crypto analytics firm…
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SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry

The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared a summons intended for the CEO of Binance, Changpeng Zhao, also…
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Robinhood ‘Actively Reviewing’ Listed Coins After SEC Sues Binance and Coinbase

Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the trading platforms are unregistered securities. Robinhood Reviews Cryptocurrency Offerings Amid U.S. Crackdown on Leading Exchanges U.S.-based online broker…
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Unraveling the Crypto Crisis: Timeline of Major Incidents

The regulatory crackdown on crypto in the US has certainly intensified with the Securities and Exchange Commission’s (SEC) lawsuit against Binance and Coinbase, but our timeline shows that the crisis has already been ongoing for a long time. These are the major incidents that shaped crypto in 2022 and so far in 2023:… Read More:…
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The Bitcoin Rich List: An In-Depth Look at the Largest Bitcoin Wallets in Existence Since 2014

Over the past decade, several bitcoin wallets have been named the largest in existence. However, since 2021, Binance has controlled the largest bitcoin address, which currently holds 248,597 BTC and is worth approximately $6.66 billion. Just over nine years ago, the largest wallet belonged to the U.S. government after it seized 144,342 BTC from the…
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Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown

In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on cryptocurrencies that have pinpointed various risks linked to the fast-growing sector. Yellen Sees ‘Holes in the System Where Additional Regulation Would…
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Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University

As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit, has spotted the region’s potential and is already reaching out…
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