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Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review
7.7.2024
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard...
Nigerian Prison Officials Deny Binance Employee Tigran Gambaryan is Seriously Ill
7.7.2024
According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. However, the prison authorities have denied these...
Nigerian central bank alleges unauthorized transactions by Binance
6.7.2024
In a Nigerian court on Friday, July 5, Binance's illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval
Binance marks 7th anniversary with 200M users and new campaign
5.7.2024
The milestone takes us one step closer to the first billion Web3 users, according to Binance’s CMO
Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users
5.7.2024
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...
Binance vs Nigeria: A timeline of events
5.7.2024
As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far
Ripple’s $2B penalty looms after SEC rebuffs Binance comparison
4.7.2024
The legal battle between Ripple and the SEC has been going on for several years now, and there is another update. Ripple recently filed a Notice of Supplemental Authority after US courts rejected the SEC’s claims regarding Binance. The regulator had previously stated that BNB’s secondary market...
When Do Secondary Token Sales Violate Howey?
4.7.2024
A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
4.7.2024
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law,...
Authy 2FA app leaked phone numbers that may be used for text phishing
3.7.2024
Twilio, the developer of the Authy authenticator app, said user phone numbers were leaked to attackers, but accounts themselves were not compromised
Binance exec trial will resume July 5 as family reports health problems
3.7.2024
Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering
Coinbase cites Binance BNB token precedent in SEC petition
3.7.2024
“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote
Binance wins authoritatively over the SEC: Ripple case highlighted
3.7.2024
The American court rejected the claims made by the Securities and Exchange Commission against Binance. The SEC had filed a lawsuit against Binance in June 2023, raising allegations that it sold unregistered securities and operated illegally in the United States. The new court ruling symbolizes...
Ripple and Coinbase see hope in SEC’s Binance ruling
3.7.2024
Coinbase and Ripple have expressed doubts about the lack of clarity in cryptocurrency regulations. The Securities and Exchange Commission rejected Binance’s claim that Binance Coin’s secondary sales were securities. Coinbase and Ripple will leverage their cases with the U.S. SEC....
Nigerian Court Orders Prison Officials to Release Medical Records of Jailed Tigran Gambaryan
3.7.2024
Nigerian prison officials have reportedly refused to release Tigran Gambaryan’s medical records. A High Court judge has ordered Kuje Detention Centre prison officials to present Gambaryan’s legal representatives with the records by July 5. Yuki Gambaryan, the wife of the Binance employee, has urged...
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
2.7.2024
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed
Binance.US Challenges SEC Over ‘Control Person’ Allegation
2.7.2024
The United States subsidiary of the world’s biggest cryptocurrency exchange, Binance.US, is ready to counter the Securities and Exchange Commission (SEC). The SEC claims that the exchange offered unregistered investment products and violated the anti-fraud provisions. Binance US did not take...
Cryptos, secondary BNB sales not securities: Federal court rules in Binance vs SEC case
2.7.2024
In a major win for the crypto industry, a federal court ruled that crypto tokens are not securities
Binance.US 'prepared' for SEC legal showdown
2.7.2024
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics
Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains
1.7.2024
On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin...