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Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’
10.6.2023
Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutional offering. Crypto.com to Cease U.S....
Binance US Halts USD Deposits, Withdrawals — Asks Users to Withdraw Dollars by June 13
10.6.2023
Binance US has informed its users that U.S. dollar deposits have been suspended and USD withdrawals will no longer be processed. The crypto exchange has asked customers to withdraw dollars by June 13 as it transitions into a crypto-only trading platform. The move followed a lawsuit against...
SEC charges against Binance and Coinbase are terrible for DeFi
10.6.2023
The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance
SEC Clampdown Spurs $4B Deposit Flight From Binance, Coinbase and Binance.US
9.6.2023
The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far
Robinhood will end support for 3 tokens named in SEC lawsuits
9.6.2023
The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up
9.6.2023
Along with the recent wave of lawsuits, this week’s Crypto Biz also explores Apple’s new headset, Brazil’s Mercado Bitcoin payments arm and how regulators are targeting AI-generated fake news
Cardano Price Prediction as Research and Development Firm Input Output Responds to SEC's Claims that ADA is a Unregistered Security – What Happens Next?
9.6.2023
It’s been an ugly few days for ADA, the cryptocurrency that powers the Cardano blockchain, a decentralized smart-contract-enabled layer-1 protocol.
ADA dropped another near 7% on Friday to hit $0.30 per token and is eyeing a retest of March’s lows.
Losses on the week now stand at a staggering...
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
9.6.2023
The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell below $50 billion again
Binance's BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits
9.6.2023
In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5
Polygon Price is Going to Zero as the SEC Begins Clamp Down on Crypto Industry but Sustainable Coin Ecoterra Just Raised $4.9 Million – What Does it Do?
9.6.2023
It’s been a disastrous week for Polygon.
The Ethereum layer-2 scaling solution’s native MATIC token has shed nearly 20% of its value since the weekly open, tanking from the upper $0.80s to the low-$0.70s....
Read More: Polygon Price is Going to Zero as the SEC Begins Clamp Down on Crypto Industry...
Binance and Coinbase: Experts Weigh What’s Coming Next
9.6.2023
SOL is 'Not a Security', Insists Solana Foundation Amid SEC Lawsuits
9.6.2023
The Solana network’s native token SOL is “not a security,” despite the Securities and Exchange Commission (SEC) claiming otherwise, the Solana Foundation has said.
Commenting on the regulatory status of its token to CoinDesk on Thursday, the Solana Foundation made it clear that it still sees...
Berenberg Capital Adjusts Coinbase Price Target in Response to SEC Lawsuit
9.6.2023
According to a research report by Berenberg Capital, investment bank analyst Mark Palmer believes that Coinbase shares are currently deemed "uninvestable" in the short term due to the ongoing lawsuit filed by the Securities and Exchange Commission (SEC).
Palmer noted in the report that...
The New Crypto Bill Gary Gensler Doesn’t Want You to Know About
9.6.2023
U.S. law doesn’t let appointed regulators trump elected officials. But the SEC head may be doing exactly that
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
9.6.2023
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf
Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure
9.6.2023
Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S....
The SEC Has Started an All-In Political Battle Over Crypto
9.6.2023
The SEC's lawsuits against Binance and Coinbase are likely to be play across the U.S.'s legal and political system over several years, says Michael Casey
SEC Pursues 'Alternative Means' to Serve Legal Documents to Binance CEO
9.6.2023
The U.S. Securities and Exchange Commission (SEC) is looking for other ways to serve legal papers to Binance and its CEO, Changgpeng Zhao (CZ), whose location is often hard to track down. ...
Read More: SEC Pursues 'Alternative Means' to Serve Legal Documents to Binance CEO
Bitcoin, Ethereum to shake off 'toothless adversary' SEC as FOMC looms
9.6.2023
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking "action packed" for crypto volatility
Biggest Movers: SOL Slightly Higher, as XRP Collides With Key Resistance Level
9.6.2023
Solana moved towards the $20.00 mark on Friday, despite reports confirming that Robinhood was set to delist the token from its platform. In addition to solana, cardano and polygon were also removed. XRP also trended higher in today’s session. Solana (SOL) Solana (SOL) moved close to...