In a significant shift of fortunes, new on-chain data reveals that Coinbase, the leading US-based cryptocurrency exchange, is witnessing a remarkable increase in its Bitcoin (BTC) reserves, while Binance, its global competitor, experiences a decline in BTC holdings. This development…
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Kraken challenges SEC’s allegations, defends crypto industry’s right to thrive – Advancing Crypto Innovation in the United States
In the face of the Securities and Exchange Commission’s (SEC) allegations, Kraken challenges the claims and advocates for the right of the crypto industry to exist and flourish in the United States. The complaint against Kraken lacks substantial evidence of…
Binance Strategic Evolution Under New Leadership Towards a Secure and Sustainable Cryptocurrency Future
In the face of recent developments and leadership changes, Binance, the renowned cryptocurrency exchange platform, remains steadfast on its path to continued success and growth. With a renewed focus on fortifying its financial strength, security, and safety measures, Binance exudes…
Coinbase CEO on Binance: Good for the industry to turn the page, make sure we’re following the law
In a dramatic turn of events in the cryptocurrency sphere, the Chief Executive Officer of Binance has not only pleaded guilty to federal charges but has also agreed to step down from the leadership role. The enormity of this decision…
Binance Founder CZ Zhao Granted $175M Bond, Sentencing Set for February
In a significant turn of events, Changpeng “CZ” Zhao, the founder and former CEO of Binance, has been released from custody on a $175 million personal recognizance bond. This development follows Zhao’s guilty plea to violating the Bank Secrecy Act,…
SEC Accuses Kraken of Co-Mingling $38 Billion in Customer Funds
In the rapidly evolving world of cryptocurrencies, the issue of secure asset management has become a crucial focal point for investors and regulatory bodies alike. Recent developments have shed light on the practices of some prominent cryptocurrency exchanges, raising concerns…
Crypto Exchange Bittrex Global shuts down after SEC imposes $24 million fine
We regret to inform you that Bittrex Global, a prominent crypto exchange based in Lichtenstein, has made the difficult decision to wind down its operations. Starting from December 4, 2023, all trading activities on Bittrex Global will be suspended. This…
Advocating for Regulatory Clarity: Challenging SEC Claims to Safeguard the Crypto Industry’s Existence in the U.S
Amidst a recent legal contention initiated by the Securities and Exchange Commission (SEC), Kraken, the third-largest cryptocurrency exchange in the realm of spot-market trading volume, finds itself under the accusatory lens for allegedly transgressing U.S. securities law. The central charge…
How is Crypto Affected by Binance’s Billion Dollar Plea Deal?
The world of crypto is controversial as it is and the most controversial institution right now is Binance and its CEO Changpeng Zhao, AKA CZ. The platform’s top executive has agreed to plead guilty to violating US anti-money laundering requirements. …
Binance Holdings Ltd. Faces $4 Billion Demand from US Justice Department
In a significant development, the US Justice Department has demanded more than $4 billion from Binance Holdings Ltd., the world’s largest cryptocurrency exchange. This demand is part of a proposed resolution to settle a long-running investigation into alleged money laundering,…