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Ripple Objects to SEC's Appeal of Ruling on Crypto as Non-Security

2.9.2023
Ripple Labs has objected to the Securities and Exchange Commission's (SEC) request to appeal a federal judge's ruling that the XRP token is not a security when sold to the public.  On Friday, Ripple filed a request with US District Judge Analisa Torres in New York, urging her to deny the SEC's...

DC Circuit Court of Appeals Chastises SEC for Grayscale Denial

2.9.2023
On Tuesday, August 29, 2023, The U.S. Court of Appeals, District of Columbia Circuit (Court) unanimously granted Grayscale’s petition for review of the Securities Exchange Commission’s (SEC) denial of Grayscale’s Bitcoin Exchange Traded Product (Grayscale ETP) and vacated the SEC denial order....

Binance is encouraging users to convert BUSD to new stablecoins

1.9.2023
Binance recently made a huge announcement on its official website. The world’s biggest exchange has asked users to start converting their BUSD to other stablecoins. The exchange stated that Paxos would be halting the minting of any new BUSD. Thus, users are encouraged to convert any BUSD before...

Crypto Exchange OKX Looks to Expand into India

1.9.2023
Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment.  In an interview with CoinDesk, OKX’s chief marketing officer confirmed that the exchange is planning to foray into India’s web3 space and recruit local staff.  The crypto exchange...

Binance Launches ‘Send Cash’ Remittance Services in Latam

1.9.2023
Binance, the largest cryptocurrency exchange by volumes traded, has announced the launch of “Send Cash,” a Latam-focused remittance service. The newly launched tool will allow users in nine countries in the region to send crypto to bank accounts of friends or family in Argentina...

Biden’s Regulators Urged to Work With Congress on Crypto Regulation

1.9.2023
A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s...

7 Spot Bitcoin ETFs Face Extended Wait as SEC Seeks Deeper Analysis

31.8.2023
The U.S. Securities and Exchange Commission (SEC) has deferred decisions on seven spot bitcoin exchange-traded fund (ETF) applications from Invesco Galaxy, Wisdomtree, Bitwise, Vaneck, Fidelity’s Wise Origin, Blackrock, and Valkyrie. In statements released on Thursday, the SEC underlined...

Binance to Gradually Phase Out Support for BUSD Stablecoin

31.8.2023
The world’s largest cryptocurrency exchange by global trade volume, Binance, has announced it is discontinuing support for the stablecoin asset BUSD. The trading platform is encouraging users to swap their BUSD as Binance gradually phases out BUSD markets. BUSD Support Ending on Binance...

Chino emphasizes the road ahead for Binance Japan

31.8.2023
Takeshi Chino, the representative for Binance Japan, has said that there is a need to expand the offerings of the venture in the region. It currently offers spot trading and lending of crypto assets. However, the global arms, if looked at, have a broader offering on the list. Services of Binance...

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