The Commodity Futures and Trading Commission (CFTC) has filed a complaint against cryptocurrency exchange Binance, its co-founder Changpeng Zhao, and former chief compliance officer Samuel Lim. The filing accuses them of soliciting U.S. users and circumventing the exchange’s own compliance…
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Binance Temporarily Halts Spot Trading Amid Technical Issue on World’s Leading Cryptocurrency Platform
Binance, the world’s leading cryptocurrency exchange, recently faced an unexpected issue, prompting the platform to temporarily suspend spot trading services as of this morning. This interruption affected a large number of traders who rely on Binance for their digital currency…
SEC Targets Coinbase with Wells Notice on Staking & Asset Listings
Unpacking Coinbase’s Response to the SEC’s Wells Notice: Staying Compliant Amid Regulatory Confusion It’s been two years since the SEC thoroughly reviewed Coinbase’s business and approved its public listing. The company’s S1 filing clearly outlined their asset listing process, and…
BitFlyer, a prominent Crypto Exchange to List Shiba Inu (SHIB) and Launch Giveaway Campaign
BitFlyer, a leading Japan-based cryptocurrency exchange and private firm, has officially declared that it will be adding Shiba Inu (SHIB) to its trading platform. To celebrate this significant milestone, BitFlyer plans to conduct a special lottery-style giveaway, distributing SHIB tokens…
Binance.US to delist Helium(HNT) considering it as risk and no longer adhere to its standards
Background Helium was considered on of the coolest projects with proof of coverage. However the whole coolness went loose when Helium Foundation could not address the spoofing problem which exists till today and people who bought their hostspots ( equivalent…
USDC Depeg’s, currently at .92cents, Circle Confirms $3.3B Stuck with Silicon Valley Bank
Circle, the company behind USDC, the second-largest stablecoin in circulation, recently confirmed that its cash reserves worth $3.3 billion(alleged 9.8 billion from Deloitte audit ) have been stuck with Silicon Valley Bank (SVB), which was taken over by regulators and…
Coinbase pauses USDC to USD for the weekend – Puts investors in worry
Coinbase temporarily pausing USDC:USD conversions over the weekend possibly due to its Circle’s Silicon Valley bank exposure USDC was one of the most trusted stablecoin and with Circle’s undisclosed exposure puts investors at risk. With no prior warning, Coinbase decided…
Binance has temporarily suspended auto-conversion of USDC to BUSD – Potentially due to Circle-Silicon Valley Bank exposure
As per Binance notification on twitter, Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, specifically related to high inflows & the increasing burden to support the conversion. USDC( Circle) is in the center of…
Victim of Crypto Theft Fights Back: New Yorker Sues Coinbase for $96,000 Loss and Negligence
Jared Ferguson, a New York resident, is suing Coinbase for $96,000 worth of stolen cryptocurrency from his Coinbase wallet. He claims that the company is responsible for the theft and filed a complaint in San Francisco’s U.S. District Court on…
Empowering Crypto Investors: Binance Joins Forces with Law Enforcement in Powerful Anti-Scam Campaign
Binance, one of the world’s largest cryptocurrency exchanges, has announced a joint anti-scam campaign with law enforcement agencies to crack down on fraudulent activities in the cryptocurrency industry. The campaign is aimed at educating users on how to identify and…