The new governance model will feature an ecosystem council as part of a three-pillar framework, Polygon’s blog post noted. The...
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A federal court has ordered troubled crypto custodian Prime Trust into receivership amid cash shortages and allegations of misappropriation of customer funds.
The Securities and Exchange Commission believes that Coinbase may have knowingly violated securities laws. The regulator has written to a NY judge urging her to reject Coinbase's motion to reject the lawsuit against it.
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.
Summary: Binance is under investigation in France for offering illegal digital asset services and aggravated money laundering, Le Monde reported....
The D.C. District Court has summoned Binance CEO Changpeng Zhao in relation with the lawsuit filed against him by the SEC. Zhao has 21 days to respond to the complaint, failing which a default judgement will be entered against him.
Summary: Law enforcement in China arrested the Trust Reserve team behind a Yuan-backed stablecoin and another token backed by the...
Binance is reportedly exploring a plan to allow some of its institutional clients to keep their trading collateral at a bank instead of storing it on the trading platform.