Binance.US and the United States Securities and Exchange Commission (SEC) have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets. On June 14, Bloomberg reported U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to work towards a compromise arrangement that
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Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its native token Binance Coin (BNB). The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially
The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity. In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission (SEC) said it needs an additional 120 days to reply to Coinbase’s
Five years after Bill Hinman delivered his speech on cryptocurrencies, Chief Legal Officer (CLO) at Ripple, Stuart Alderoty, has called for an investigation into the former Securities and Exchange Commission (SEC) official’s actions. The call comes after the SEC’s lawsuit against Ripple and the subsequent release of public emails and drafts of Hinman’s speech, which
The United States Securities and Exchange Commission (SEC) extended the comments period for its proposal to amend Rule 3b-16 of the Securities Exchange Act of 1934, which ended June 13. The Blockchain Association and Republican members of the House of Representatives Committee on Financial Services filed last-minute comments. The amendments proposal, which runs for hundreds
Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms. In a June 13 hearing of the committee, ranking member Maxine Waters said Democrats were taking a “serious and thoughtful look”
The Irish Data Protection Commission (DPC) has reportedly blocked the launch of Google’s generative artificial intelligence (AI) service, Bard, in the European Union over privacy concerns. Google launched Bard in the United States, United Kingdom and 178 other countries earlier this year. However, it’s so far been unable to crack the EU. The Mountain View,
Bitcoin (BTC) has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the U.S. Federal Reserve will announce its interest rate decision on June 14. Cryptocurrencies might work independently from the
The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a previous SEC request to freeze the company’s assets. The proposed new consent order would offer more assurances for the SEC and allow BAM Trading
The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority. According to the FCA list of registered cryptoasset firms as of June 13, Bitstamp U.K. Limited and Interactive Brokers Limited became the first companies to join other registered entities in the U.K. after roughly
The lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase Global on June 6 is raising questions about the crypto exchange’s approach to managing the ongoing crypto crackdown. In a recent interview with Cointelegraph, venture capitalist Kevin O’Leary criticized Coinbase’s strategy to address the current regulatory environment. “Its market cap was decimated
Bitcoin (BTC) fell back in line at the June 12 Wall Street open after a brief macroeconomic data jolt failed to shift the status quo. Markets expect first Fed pause since 2021 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $26,000, avoiding major volatility. The largest cryptocurrency saw a brief spike
Due to its Bitcoin (BTC) tipping feature, the decentralized social media app called Damus could face the axe from the Apple app store. The creators behind the decentralized social media platform shared a warning letter from Apple on June 13. The letter warned that the app will be removed from the platform because of the
Uniswap Labs has released a draft of the code for Uniswap V4, according to a June 13 blog post from Uniswap’s Founder, Hayden Adams. The new code features “hooks” or plugins that allow developers to create custom liquidity pools. Uniswap is the largest decentralized crypto exchange in the world by volume. Its latest version is
Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security. This could risk locking the agency into a position it
Buying a small-town soccer club with the aim to propel it into the Premier League — the world’s most popular football league — is a script suitable for a Netflix series. In fact, actor Ryan Reynold’s bid to revitalize lower-league Welsh soccer team Wrexham FC has already caught the attention of Disney+ writers. It’s a
Bitcoin’s (BTC) percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight against other cryptocurrencies, reached 49.29%, slightly down from its two-year highs of 49.66% seen earlier this week. BTC not an
Expectations for the Ripple lawsuit summary judgment have heightened among XRP community members ahead of essential revelations. The broader crypto community and XRP holders await the unsealing of the Hinman speech documents moved up to June 13. Considering the building pressure and heightened regulatory uncertainty, the crypto community expects clarification from the doc. The Hinman
The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024. Joseph Chan Ho-Lim, deputy director of the Hong Kong Financial Services and Treasury Bureau, said that over the past five years, Hong Kong has emerged
An Uganda Bitcoiner embarked on a community-funded trip from East Africa to Prague after winning tickets to BTC Prague for his adoption-driving efforts in the country. Brindon Mwiine, the founder of Ugandan-based Bitcoin (BTC) platform Gorilla Sats, set off on a whirlwind journey from Kampala to the heart of Europe on the back of a