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Polygon Labs requests a new ‘exchange’ definition from the SEC


The US Securities and Exchange Commission recently sought a revised definition of ‘exchange’. The Commission has urged ventures to qualify for the category only after all the individuals or entities running the processor to facilitate communication have registered with them. While this may sound...

SEC responds to the last week’s Third Circuit’s decision


The SEC responded formally to the Third Circuit Court of Appeals’ ruling last week, which weakened its authority to take back money gained through violating securities laws. This decision diminished the SEC’s power to demand disgorgement, a key part of retrieving illegally obtained...

Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey


The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in running the now defunct platform. Alleged Crypto...

Biggest Movers: BNB Snaps Losing Streak, Surging Back Above $240


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, hitting a multi-month high. BNB BNB rebounded from...

Prepare For Lift-off With Galactix Zone IEO on ProBit Global


PRESS RELEASE. ProBit Global is launching the initial exchange offering (IEO) for the Galactix Zone Project platform’s native token, GXZ, which will be used as the in-game currency. Starting June 13, 2023, the token sale will enable investors to join an ecosystem that seeks to take its unique...

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