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Binance US Market Share Shrinks Amid Legal Battle With SEC
22.6.2023
The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops...
Today in Crypto: Citadel & Fidelity-Backed EDX Launches Trading, Core Scientific Files Chapter 11 Bankruptcy Plan, Canadian Securities Administrators Warns About Fraudulent Crypto Companies
21.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Citadel & Fidelity-Backed EDX Launches Trading, Core Scientific Files Chapter 11 Bankruptcy Plan, Canadian...
Binance Netherlands exit - Dutch Central Bank says registration failings are confidential
21.6.2023
De Nedelandsche Bank is unable to share details of Binance’s registration failings in the country due to confidentiality requirements of its supervisory laws
Romanian Prosecutors Pursue Confiscation of $563K Bitcoin Stash Owned by Andrew Tate
20.6.2023
Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant online presence, was charged with grave offenses...
Former SEC Advisor: Gensler's Crypto Crackdown Could be Stopped by Legal Doctrine
20.6.2023
The crypto industry crackdown spearheaded by the U.S. Securities and Exchange Commission (SEC) could be put to rest by a decades-old legal doctrine, according to one of the regulator’s previous advisors. ...
Read More: Former SEC Advisor: Gensler's Crypto Crackdown Could be Stopped by Legal Doctrine
Binance Takes Legal Action Against Fraudulent Nigerian Entity – What's Going On?
19.6.2023
Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance.
On June 9, the Nigerian Securities and Exchange Commission (SEC) ordered Binance to halt its operations of the local entity in the African country. ...
Latam Insights — Petro Liquidation Imminent, Ripple Partners With Colombian Central Bank
19.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, reports indicate that the Venezuelan government will liquidate the petro, Ripple partners with the Central Bank of Colombia, and Brazil issues...
Crypto Community Donates $1M to Sleuth ZachXBT After Defamation Lawsuit
19.6.2023
Backers include the likes of prominent crypto businesses and personalities such as Binance, CertiK and Justin Sun, among others
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
CZ, Powell and more rally to fund legal fees for on-chain sleuth ZachXBT, surpassing $1M
18.6.2023
ZachXBT estimates that the legal fees could “easily exceed” $1 million and alleged that MachiBigBrother is “using his money to try” and silence him
5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle
17.6.2023
The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving...
On-Chain Detective ZachXBT Slapped with Defamation Lawsuit
17.6.2023
Prominent on-chain detective ZachXBT has been sued by NFT trader MachiBigBrother, otherwise known as Jeffrey Huang.
Huang alleged ZachXBT defamed him by publishing a report last year that claimed Huang embezzled tens of millions of dollars worth of crypto from unsuspecting NFT users, the crypto...
Coinbase Introduces 4% USDC Rewards Amidst SEC Dispute
16.6.2023
On June 15, the San Francisco-based cryptocurrency exchange Coinbase announced that customers can now earn 4% rewards on the stablecoin USDC. The news follows Coinbase’s current dispute with the U.S. Securities and Exchange Commission (SEC) over the firm’s staking-as-a-service product....
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
16.6.2023
Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request
Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market
16.6.2023
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties...
French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations
16.6.2023
Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions...
Mango Markets Manipulation: Trader Avraham Eisenberg To Stand Trial in December for $100 Million Crypto Scam
16.6.2023
Avraham Eisenberg, a trader accused of manipulating the decentralized exchange Mango Markets in a massive multi-million dollar scam, is slated to stand trial on Dec. 4 in New York.
The scam was carried out on October 11, 2022, with Mango Markets tweeting at the time that a hacker had manipulated...
OKCoin Accused by FDIC of Making False Claims About Customer Protections
16.6.2023
OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims
Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously
15.6.2023
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official’s past remarks shouldn’t govern current policy
Binance's Emergency Fund Shrinks Amid SEC Legal Pressure
14.6.2023
The entire crypto market slid last week after the U.S. Securities and Exchange Commission (SEC) filed back-to-back lawsuits against Binance and Coinbase – two of the world’s largest digital asset exchanges by trading volume. ...
Read More: Binance's Emergency Fund Shrinks Amid SEC Legal Pressure