Binance has lost more than 10% of its spot market share in 2023. Meanwhile Binance US' market share has slipped below 1%. The recent regulatory crackdown and lawsuits by the CFTC and SEC have been blamed for the tanking market share.
Paul Grewal, the Chief Legal Officer at Coinbase, is set to testify before the U.S. House Committee on Agriculture later today. Grewal plans to emphasize the need for crypto regulations and underscore the importance of the Digital Asset Market Structure discussion draft released by House Republicans last week.
Crypto lender platform Hodlnaut has laid off 80% of its staff In a blog post published Friday, the firm added how the decision to lay off employees has been taken to reduce the firm’s expenditure. Troubled crypto lender platform Hodlnaut has laid off 80% of its staff to reduce the...
Circle CEO Jeremy Allaire has stated that his firm may be able to recover all of the $3.3 billion stuck at Silicon Valley Bank. In case the recovery is delayed, Circle will back USDC using external capital if necessary, he added.
CFTC Commissioner Kristin Johnson hasn't ruled out the possibility of a settlement in its lawsuit against Binance. The Commissioner hopes to find a path forward with the exchange.
The U.S. Department of Justice is reportedly considering fraud charges against Binance. Federal prosecutors are reluctant to pursue a lawsuit due to concerns about a potential bank run on the exchange.
An amended class action lawsuit filed by Celsius investors accused crypto market maker Wintermute Trading of helping Celsius CEO Alex Mashinsky dupe his crypto lending firm's investors.
Summary: DCG has started selling assets held by Grayscale, the Financial Times reported. Recent SEC filings show that most of its holdings sales have come from the company’s Ethereum fund. The group hopes to raise cash to meet more than $3 billion in creditor claims from Gemini and other entities....
Miami City Mayor has announced a new NFT venture in collaboration with Time magazine, MasterCard, and Salesforce The city will be launching 5000 ethereum NFTs designed and created by 56 local artists The venture is set to bolster local businesses and help them earn more revenue. Miami City mayor Francis...
Binance US is reportedly exploring ways to cut the controlling stake of its founder and owner Changpeng Zhao. The crypto exchange is hoping to bring down the regulatory scrutiny by limiting its relationship with Zhao.
