Search
Seven U.S. States Unite: Legal Battle Against SEC’s Cryptocurrency Clampdown
22.7.2024
Iowa Attorney General Brenna Bird filed an amicus brief opposing the U.S. Securities and Exchange Commission’s (SEC) efforts to regulate cryptocurrencies, reports published at The beginning of September from the Office of Iowa based in CA. Signed by the seven states of Arkansas, Indiana...
A Crypto Trading Clampdown Expands Beyond Binance to Another Large Exchange
15.7.2024
Nvidia launches in Middle East amid US AI export clampdown: Report
24.6.2024
Nvidia partners with Qatari telecom provider Ooredoo to bring advanced AI technology to the Middle East, marking a significant expansion amid US export restrictions
Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts
1.5.2024
The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your...
KuCoin Withdrawals Spike to $1B in Crypto Amid U.S. Regulatory Clampdown
27.3.2024
The surge occurred as U.S. federal prosecutors charged the exchange and two of its founders with violating anti-money laundering laws on Tuesday
Nigeria Asks Telcom Firms to Restrict Access to Binance, Coinbase Websites – Here’s Why
22.2.2024
Crypto exchange behemoths are facing serious scrutiny in Nigeria, as the country aims to clampdown crypto transactions. The government has directed telcoms to prevent access to crypto websites such as Binance, Coinbase and OctaFX.
The post Nigeria Asks Telcom Firms to Restrict Access to Binance...
Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations
29.1.2024
A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a plea agreement with the U.S. government. Alaska...
Another Executive Exits Binance Amid Regulatory Scrutiny
6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...
Binance Users Reach 150 Million, CZ Reveals
5.8.2023
Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto...
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...
Crypto Traders Flock to OTC Markets as Exchange Liquidity Dries Up Amid Regulatory Clampdown
16.6.2023
crypto traders flock to OTC
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
Binance Experiences Market Share Decline Post Regulatory Clampdown
2.6.2023
Binance has seen its market share shrink by 25% over the last three months amid increased regulatory pressure from the US.
The world's largest cryptocurrency exchange accounted for 57.5% of the average monthly volume of all crypto trades in February, but its market share has now dropped to...
SEC Warns Investors to Exercise Caution When Investing in Crypto Securities – Clampdown Incoming?
24.3.2023
The Securities and Exchange Commission (SEC) has warned investors of an alleged danger posed by crypto assets, saying those offering such investments may not comply with US securities laws.
The warning, published on the SEC’s Investor.gov website on Thursday this week, said the risk of loss...
New York Attorney General Alleges Ethereum Tokens are Securities in Lawsuit Against KuCoin Crypto Exchange – Crypto Clampdown Incoming?
10.3.2023
New York Attorney General Letitia James referred to Ethereum’s native ETH token and other cryptocurrencies as “securities and commodities” in a statement issued in relation to her lawsuit against crypto exchange KuCoin.
In the statement, Attorney General James said KuCoin has facilitated trading...
Binance Faces Scrutiny as Senators Request Information on Business Operations – Crypto Clampdown Incoming?
3.3.2023
Three US senators have asked Binance and its US partner Binance.US to provide detailed information regarding their business operations amid accusations of illegal practices.
In a letter dated Wednesday, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Roger Marshall (R-Kansas)...
SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review
19.2.2023
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary...
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
14.2.2023
Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto...
'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto
24.6.2022
The remarks from the regulator's chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world
Kazakhstan Amends Registration Rules for Cryptocurrency Miners
5.5.2022
The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the Central Asian nation, where the influx of miners has been blamed for persisting electricity...