Binance Goes to Court Against the SEC
[Jun 13, 2023 11:45 AM] Binance and Binance.US have made their case against the SEC's motion to freeze all Binance.US funds.
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SEC and Binance seek compromise on US assets freeze
[Jun 13, 2023 11:33 AM] Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
‘The Industry Doesn’t Want the Answers.’ Josh Klayman on Coinbase and Binance
[Jun 13, 2023 10:43 AM] The crypto lawyer isn’t buying the argument that the SEC refuses to give the industry “regulatory clarity.” Chair Gary Gensler has been quite clear over the last two years about what is and what isn't a security, she says.
Biggest Movers: BNB Snaps Losing Streak, Surging Back Above $240
[Jun 13, 2023 10:01 AM] BNB snapped a four-day losing streak on Tuesday, as traders moved to buy the recent dip in price. The native token of Binance fell to a six-month low to start the week, following recent sentiment surrounding the exchange. XRP also rebounded today…
Asset Freeze to Halt Binance US Operations, Exchange Says, Seeks Rejection of SEC Request
[Jun 13, 2023 8:30 AM] Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a…
Binance.US Responds To Motion Seeking Fund Freeze, Asserts SEC’s Claims Are Invalid
[Jun 13, 2023 8:00 AM] Binance.US has submitted its defense before the June 13 hearing to determine the freezing of its funds. Binance.US criticized the Securities and Exchange Commission’s (SEC) motion for a temporary restraining order, describing it as draconian…
‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds
[Jun 12, 2023 11:15 PM] Binance.US has lodged its defense ahead of tomorrow's hearing on whether it’s funds will be frozen.
Etoro to Delist ALGO, MANA, DASH, and MATIC for US Customers Amid ‘Evolving Regulatory Landscape’
[Jun 12, 2023 10:30 PM] The social trading and investment company Etoro declared on Monday that starting July 12, 2023, U.S. customers would be unable to initiate new trades for ALGO, MANA, DASH, and MATIC. The company cited the “rapidly evolving regulatory…
Binance Changes Terms of Service As BNB Reverses 2023 Gains
[Jun 12, 2023 4:00 PM] Binance, the largest global cryptocurrency exchange, has quietly changed its terms of service after the United States Securities and Exchange Commission (SEC) filed a complaint at the District Court for the District of Columbia on June 5…
Binance.US hires former SEC enforcement official amid lawsuit: Report
[Jun 12, 2023 3:56 PM] Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen.
SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims
[Jun 12, 2023 2:56 PM] A Securities and Exchange Commission (SEC) Monday effort to freeze Binance.US's funds is a "draconian and unduly burdensome" move, the U.S. affiliate of the global crypto exchange argued Monday.
Binance.US Plunges As Market Makers Rush To Exit, Market Depth Down 80%
[Jun 12, 2023 1:30 PM] Binance.US, the US subsidiary of popular cryptocurrency exchange Binance, has experienced a significant drop in liquidity, with market makers and traders reportedly fleeing the exchange in large numbers. According to data from crypto market data…
Cardano’s worst week since May 2021 is over — Will ADA price rebound 40%?
[Jun 12, 2023 3:00 AM] The price of Cardano lost 30% over the past week as it was delisted from popular trading platforms like Robinhood.
Binance CEO CZ responds as data points to billions in exchange outflows
[Jun 11, 2023 10:41 PM] Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao.
Former SEC Official Predicts Impending DOJ Indictment Against Binance
[Jun 11, 2023 9:30 PM] Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his…
ALGO, FLOW rebound from all-time lows, others rebuff SEC securities label
[Jun 11, 2023 7:21 PM] The SEC’s tagging of cryptocurrencies as securities has greatly affected the crypto market causing Algorand and Flow to hit historic lows on June 10.
Former SEC Chairman Jay Clayton on Enforcement Actions: Crypto Should Be Treated With ‘Nuance’
[Jun 11, 2023 2:00 PM] Jay Clayton, former U.S. Securities and Exchange Commission (SEC) chairman, gave his opinion about how the organization approaches enforcement in the crypto space. In a Bloomberg Invest panel, Clayton stated that while he supports the agency and…
SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days
[Jun 11, 2023 10:00 AM] It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum…
MATIC Faces Long-Term Struggle For Growth As SEC Claims It’s A Security
[Jun 11, 2023 7:48 AM] MATIC is currently facing increased uncertainty as it has been officially classified as a security by the US Securities and Exchange Commission, as revealed in the recent filing against Binance. Consequently, the Polygon blockchain token…
Latam crypto holders flock to Bitget following Binance, Coinbase suits
[Jun 10, 2023 2:50 PM] The number of Bitget users in Latin America increased by 43% from June 6 to June 9, along with a 134% increase in deposits.
Nigeria regulator halts Binance operations: Report
[Jun 10, 2023 9:52 AM] According to Nigeria's securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal.
Binance's Nigeria Unit Ordered to Halt 'Illegal' Operations by Securities Watchdog
[Jun 10, 2023 6:19 AM] The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.
Founder of SEC Office of Internet Enforcement Warns of Upcoming Regulatory Siege: ‘Get Out of Crypto Platforms Now’
Binance US Halts USD Deposits, Withdrawals — Asks Users to Withdraw Dollars by June 13
[Jun 9, 2023 7:30 PM] 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…
SEC charges against Binance and Coinbase are terrible for DeFi
[Jun 9, 2023 6:53 PM] 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
[Jun 9, 2023 3:54 PM] 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
[Jun 9, 2023 3:40 PM] 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
[Jun 9, 2023 3:30 PM] 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.
Binance.US Suspends USD Deposits And Withdrawals Amid SEC Pressure
[Jun 9, 2023 2:30 PM] Binance.US, in response to the aggressive tactics employed by the Securities and Exchange Commission (SEC) in its ideological campaign against the American digital asset industry, on its official Twitter handle has announced the suspension of USD…
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
[Jun 9, 2023 2:25 PM] 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.