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Binance cancels registration in the UK amid regulatory scrutiny
19.6.2023
Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, a regional manager said
Coinbase stock rose by almost 6% in the previous week
19.6.2023
According to data released by The Block Research, Coinbase’s stock price increased by approximately 6% from the previous week and closed at $55.59. Coinbase traded up 5.93% over the previous week. Consideration must be given to the fact that all of this is occurring while the Securities...
EigenLayer delivers its restaking protocol on Ethereum
19.6.2023
EigenLayer, a decentralized finance (DeFi) platform, officially announced that it has effectively delivered its staking protocol on the Ethereum mainnet. Indeed, this is a watershed moment for the Seattle-based company. The team members of EigenLayer are responsible for building the restaking...
Twitter Divided as Speculations Swirl Around FTX 2.0 Reboot: Supporters Rally for Revival, Opponents Skeptical
18.6.2023
Twitter users have been engaged in a lively discussion about the possibility of a reboot for the FTX estate, following recent reports in late May. Opinions on the matter are divided, with opponents of the idea expressing their reservations, while proponents are receptive to the notion of a revamped...
Binance sends cease and desist notice to Nigerian scammer entity
18.6.2023
This comes after the Securities and Exchange Commission, Nigeria (SEC), released a circular stating the illegality of Binance Nigeria Limited in the country
Binance CEO CZ deems SEC's request for emergency relief unwarranted
18.6.2023
Binance CEO Changpeng 'CZ' Zhao has heaved a sigh of relief noting he is pleased the disagreement with SEC is over
SEC and Binance.US strike a temporary agreement on asset access
17.6.2023
Proposed measures include restricting Binance Holdings officials' access to private keys and disclosing business expenses
Tether responds to account deactivation controversy, raises compliance checks
17.6.2023
Tether Holdings Inc has responded to claims that it deactivated the accounts of major crypto firms including Moonpay
Cameron Winklevoss Criticizes SEC Regulatory Approach: ‘Securities Laws Written in 1933 Don’t Meet the Realities of the World Today’
17.6.2023
Cameron Winklevoss, a co-founder of Gemini, a U.S.-based cryptocurrency exchange, criticized the U.S. Securities and Exchange Commission’s (SEC) posture regarding cryptocurrency regulation. Winklevoss stated that the SEC laws written in 1933 are obsolete today, and their application would...
Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings
17.6.2023
Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This withdrawal arrangement was approved on Tuesday by...
Coinbase Introduces 4% USDC Rewards Amidst SEC Dispute
16.6.2023
On June 15, the San Francisco-based cryptocurrency exchange Coinbase announced that customers can now earn 4% rewards on the stablecoin USDC. The news follows Coinbase’s current dispute with the U.S. Securities and Exchange Commission (SEC) over the firm’s staking-as-a-service product....
Self-custody Bitcoin amount unmeasurable so far, says Santiment exec
16.6.2023
One of the most notable results of self-custody is that it tends to decrease circulation, which in turn reduces the market cap
Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market
16.6.2023
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties...
SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit
16.6.2023
Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit
Dubai's VARA approves OKX 'preparatory' license as part of exchange's expansion plans
15.6.2023
The middle eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people
Bittrex withdrawals set to resume after bankruptcy court gives green light
15.6.2023
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC
New York bans CoinEx exchange, seizes $1.7M in crypto assets
15.6.2023
CoinEx was shut down for failing to register as a broker-dealer and for "falsely representing itself as a crypto exchange," the NYAG said
OKX received MVP preparatory license from VARA
15.6.2023
OKX recently announced receiving an MVP (Minimum Viable Product) preparatory license from Dubai‘s Virtual Assets Regulatory Authority (VARA). Dubai has always been the main strategic business hub for the OKX exchange around the world, and the platform has plans to scale its operations for...
DEXs can’t be regulated like exchanges: Coinbase to SEC
15.6.2023
The U.S. Securities and Exchange Commission (SEC) has received a letter from the cryptocurrency exchange Coinbase claiming that the DEX cannot be controlled. The statement continues by saying that decentralized exchanges are not subject to the same laws as centralized exchanges, which were...
Here's what Nigeria's naira float means for its crypto market
15.6.2023
This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets