U.S. judge rejects SEC’s immediate asset freeze request for Binance.US
TradeCrypto
by Aleksandar Đurić
10M ago
The U.S. federal judge ordered SEC and Binance.US to find a compromise that would allow the exchange to avoid freezing all assets. The status is expected to be updated on Thursday. ​U.S. judge Amy Berman Jackson’s decision to dismiss SEC’s lawsuit against Binance.US to immediately freeze all assets will allow the exchange to continue operations as usual while working with regulators to negotiate some restrictions. Related: Binance.US temporarily suspends fiat operations Judge said at a June 13 hearing: Shutting it down completely would create significant consequences not only for the company ..read more
Visit website
Solana, Polygon, Cardano push back against SEC accusations
TradeCrypto
by Yana Popenkova
10M ago
SEC named SOL, MATIC, and ADA securities in lawsuits against Binance and Coinbase last week. The tokens plummeted around 30%, but partially recovered following the foundations’ statements. Solana, Polygon, and Cardano are among the most prominent tokens in the lawsuit, all of which are among the top 20 by market cap and collectively worth more than $21 billion, according to CoinMarketCap. Cardano was the first to be defended by a founding organization, but Cardano founder Charles Hoskinson voiced support for Binance on Twitter when the first lawsuit was announced on June 5. Related: SEC sues C ..read more
Visit website
Binance.US temporarily suspends fiat operations
TradeCrypto
by Yana Popenkova
10M ago
Binance US has officially stated that users need to withdraw USD as soon as possible as SEC is using “extremely aggressive and intimidating tactics” against the exchange. On Monday, the Securities and Exchange Commission (SEC) filed a lawsuit against Binance.US parent company Binance and its CEO Changpeng Zhao (CZ). SEC alleges several violations of securities laws, including claims that companies affiliated with CZ were able to access Binance.US users’ funds. On Tuesday, SEC filed a motion with the court to freeze Binance.US assets. Related: SEC sues CZ and Binance for multiple securities vio ..read more
Visit website
SEC sues Coinbase for violation of securities laws
TradeCrypto
by Yana Popenkova
10M ago
The lawsuit comes a day after regulators took action against Binance, the world’s largest exchange. According to SEC, Coinbase operates a non-registered securities exchange, broker, and clearing agency. Related: SEC sues CZ and Binance for multiple securities violations SEC filed a lawsuit against Coinbase but didn’t mention the exchange’s CEO, Brian Armstrong, or any other executive as guilty of violating securities laws, unlike the agency did with Binance CEO Changpeng Zhao. The Coinbase Platform merges three functions that are typically separated in traditional securities markets – those o ..read more
Visit website
SEC sues CZ and Binance for multiple securities violations
TradeCrypto
by Yana Popenkova
10M ago
The largest crypto exchange Binance and its CEO Changpeng Zhao are now being sued by another U.S. regulator, SEC, for multiple securities violations. Three months ago, CFTC filed a lawsuit against Binance for alleged market manipulation. Related: Binance CEO Changpeng Zhao rejects CFTC accusations On June 5, SEC pressed 13 charges against Binance, including offering unregistered securities, BNB and BUSD tokens. SEC has also made allegations against Binance’s staking service, claiming that it violates securities law. Parallel charges have been brought against BAM Trading, the company that opera ..read more
Visit website
Tornado Cash DAO approves attacker’s governance proposal
TradeCrypto
by Aleksandar Đurić
10M ago
The Tornado Cash DAO attacker’s proposal to return governance control to users passed on May 26 with 517,000 token votes in favor and zero against. Last week, control of Tornado Cash DAO was taken hostilely by the attacker. They took over the DAO by publishing an initial proposal that contained malicious code that earned them fake 1.2 million votes, which they then used to pass more proposals and give themselves control of governance tokens that were vested. Surprisingly, just hours after the incident, the attacker published a proposal to restore control. Related: Tornado Cash hacker sends a p ..read more
Visit website
Crypto browser Opera connects MultiversX blockchain
TradeCrypto
by Yana Popenkova
10M ago
Opera is teaming up with MultiversX blockchain to provide access to the entire metaverse-focused ecosystem within the desktop browser and Android app. Now Opera Crypto browser can connect to MultiversX: to trade EGLD and ESDT native tokens, NFTs and decentralized dApps. Beniamin Mincu, CEO of MultiversX, told CoinDesk that the network’s integration with Opera will give users a more accessible landing in web3: By being integrated into the Opera browser suite, MultiversX is leveraging the potential of Web3 in a way that is accessible and familiar to users. It’s a significant step in creating a ..read more
Visit website
​​Pepe-themed Bitcoin Frogs become most traded NFT collection
TradeCrypto
by Yana Popenkova
10M ago
The Bitcoin Frogs NFT collection, launched at the end of February on the Ordinals protocol, has become the most traded NFT collection, raising more than $2.2 million in the last 24 hours. Bitcoin Frogs, Pepe the Frog-themed NFTs, have even outpaced such prominent collections as Bored Ape Yacht Club, which raised around $811,000 in the same time, according to CryptoSlam. Bitcoin Frogs’ all-time activity, CryptoSlam Currently, each of 10,000 generative Bitcoin Frogs sells for an average of $3,500, or 0.13 BTC, with trading fees ranging from $50 to $1,200. Bitcoin Frogs’ trading volume was distri ..read more
Visit website
Gemini sets a base for European operations in Ireland
TradeCrypto
by Aleksandar Đurić
10M ago
Gemini, the U.S. crypto exchange, chose Dublin as its European headquarters due to the approved MiCA regulatory framework. Cameron Winklevoss, the co-founder of Gemini, said they chose Ireland after considering other EU entry points as it were a “natural fit.” On May 25, after the meeting with two Gemini co-founders, Cameron and Tyler Winklevoss, Ireland’s Prime Minister Leo Varadkar confirmed the exchange decided to open headquarters in Dublin: Congratulations @Gemini -the first firm registered by the Central Bank of Ireland as a Virtual Asset Service Provider. This is significant for Irel ..read more
Visit website
Bitpanda to connect Coinbase with banks in Europe
TradeCrypto
by Sviatoslav Pinchuk
11M ago
Bitpanda Technology Solution, a business-to-business infrastructure provider, will help Coinbase connect directly with banks and fintechs in Europe that want to offer digital assets to their customers. Coinbase and Bitpanda have reached an agreement under which Coinbase will become a liquidity provider for Bitpanda Technology Solutions. This collaboration also includes Bitpanda’s “investing-as-a-service” division, which will start utilizing Coinbase Prime’s custody services. As a result of this partnership, Coinbase Institutional customers outside the U.S. will be able to use Bitpanda’s invest ..read more
Visit website

Follow TradeCrypto on FeedSpot

Continue with Google
Continue with Apple
OR