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Crypto Community Adopts 'Stand With Crypto' NFT After SEC Sues Binance and Coinbase
8.6.2023
The crypto community minted 140,830 non-fungible tokens (NFTs) in a collection previously launched by the exchange giant Coinbase with a goal to make the US regulators provide the much-needed and "sensible crypto policy."
Launched in April this year, the 'Stand with Crypto' are commemorative NFTs...
IOG responds to the SEC filings mentioning Cardano Network and ADA
8.6.2023
The US Securities & Exchange Commission is after Coinbase and Binance. This is evident from the filings targeting the said crypto ventures. However, the filings also mention the Cardano Network and its ADA token, sparking a sidelined discussion about its security among the users. IOG has...
DeFi Unfazed by SEC's Classification of Tokens as Securities
8.6.2023
These forces will likely only drive “more financial activity to DeFi,” one trader said
Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
8.6.2023
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited
Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits
8.6.2023
One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the U.S. in recent times
SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says
8.6.2023
The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest digital asset exchange to leave the United States....
Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations
8.6.2023
Coinbase CEO Brian Armstrong has responded to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities...
Binance Says Gensler Once Offered to Be an 'Informal Advisor'
8.6.2023
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder
Former Binance.US CEO Brian Brooks Says CZ Was in Charge of the Exchange, Not Him
8.6.2023
Brian Brooks, the former CEO of Binance.US, revealed why he left his post at the exchange, in court documents released this week.
In an interview transcript from December 2021 with the US Securities and Exchange Commission, Brooks was asked about Binance CEO Changpeng Zhao’s role at the...
SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim
8.6.2023
Years before serving as head of the SEC, Gary Gensler offered up his advisory services to Binance, the exchange's lawyers allege
SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry
8.6.2023
The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared...
Coinbase CEO Brian Armstrong Says He Was Met With an “Icy Reception” When Chatting With SEC’s Gensler
7.6.2023
Coinbase CEO Brian Armstrong said he was met with a “pretty icy reception” when chatting with Securities and Exchange Commission Gary Gensler about registering his exchange.
Armstrong said the exchange tried to get a meeting, and did meet virtually at some point.
“But unfortunately, it...
Robinhood ‘Actively Reviewing’ Listed Coins After SEC Sues Binance and Coinbase
7.6.2023
Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the trading platforms are unregistered securities....
‘Stand With Crypto’ NFT Spreads Across Crypto Twitter Amid SEC Crackdown
7.6.2023
After the SEC announced separate lawsuits against Binance and Coinbase this week, figures across the crypto space have been minting Coinbase’s “Stand with Crypto” NFT to show their support
Bitcoin Price Prediction as BTC Rallies Up 7% After SEC Fears Wane – Time to Buy?
7.6.2023
Bitcoin experienced a significant price surge, rallying up by 7%, as concerns surrounding the SEC's regulatory actions began to subside.
This positive development has left investors wondering whether now is the opportune time to enter the market and invest in Bitcoin.
With the recent surge...
Coinbase CEO Armstrong Says Not Shutting Down Staking Service
7.6.2023
Coinbase
Unraveling the Crypto Crisis: Timeline of Major Incidents
7.6.2023
The regulatory crackdown on crypto in the US has certainly intensified with the Securities and Exchange Commission’s (SEC) lawsuit against Binance and Coinbase, but our timeline shows that the crisis has already been ongoing for a long time.
These are the major incidents that shaped crypto in 2022...
Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted
7.6.2023
With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were...
Crypto Billionaires Lose Big Amid SEC's 2023 Crackdown on Binance and Coinbase
7.6.2023
Crypto billionaires have been hit hard by the Securities and Exchange Commission's crackdown on Binance and Coinbase, incurring huge losses so far this week.
Binance CEO Changpeng Zhao, known as CZ, has seen his net worth shrink by $1.4 billion to $26 billion, while Coinbase CEO Brian Armstrong...
The SEC Is Fighting the Last War
7.6.2023
SEC chair Gary Gensler wants you to think Coinbase and Binance are the same as FTX and Celsius. They’re not