Summary: The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange. Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit against Binance. CEO Zhao replied “4” calling the lawsuit FUD and the...
Australia's securities regulator said they are looking into how crypto exchange Binance classifies wholesale and retail investors after Thursday's derivatives debacle.
Summary: Binance is set to restart operations in Japan’s crypto market after acquiring licensed trading venue Sakura in November 2022. The Sakura Exchange BitCoin (SEBC) which currently supports 11 trading pairs will cut its services on May 31 and rebrand to “Binance Japan”. Changpeng Zhao’s company will re-enter Japan five...
Binance US has terminated the billion dollar deal to acquire the assets of Voyager Digital. The bankrupt crypto lender plans to directly distribute its assets to customers.
Binance's BUSD has suffered over $500 million in outflows following the lawsuit brought by the CFTC. However, the impact on the stablecoin was comparatively limited to that seen after the enforcement action on Paxos last month.
BlockFi has received the bankruptcy court's approval to set up the auction for its crypto mining business. The bidding process will conclude by 20 February and all deals will be subject to approval from the court.
Bankrupt crypto lender BlockFi has stated that it will block attempts by FTX and Three Arrows Capital to claw back billions of dollars exchanges last year.
Will the Chinese Yuan Be Included in Facebook’s Crypto Ever since Facebook unveiled its in-house crypto project, Libra, in June, economists and investors have been wondering what the basket backing the cryptocurrency will be composed of. Other than the fact that the U.S. dollar is likely to make up a...
Cryptocurrency traders located in Brazil will be required to report their transactions to the country’s National Treasury. Brazil’s Department of Federal Revenue reeased guidelines in May 2019 regarding crypto-related transactions. The agency noted that digital asset transfers of $30,000 Brazilian real (appr. $7,600) or more must be reported to the...
