For several months, the crypto industry has been under pressure. The culprit is the heavy regulatory burden imposed by Gary Gensler, the head of the SEC. He has been launching offensives to exert his power over crypto firms, but some politicians are unwilling to let him deploy his strategy, which they consider fundamentally incoherent.
Legal actions against crypto firm Binance have become one of the significant events in the crypto news this week. The news has caused a wave of consequences that could significantly impact the company's performance.
The legal battle initiated by the SEC against Coinbase and Binance is significantly harming the crypto industry. Some experts believe that it exacerbates the already existing risks in this sector, to the detriment of users who now have to think about protecting their interests.
SEC-inspired memecoins are experiencing a significant surge in value following the legal actions taken against exchanges Binance and Coinbase. Tokens like Good Gensler (GENSLR) and Fuck Gary Gensler (FKGARY) have seen a price explosion, capturing the attention of investors eager for quick gains.
The SEC has revealed a whole list of shitcoins that Binance should have registered as securities. What about Ethereum? And wash trading?
In a context of increasing tension between financial regulators and crypto platforms, the announcement of a new lawsuit by the Securities and Exchange Commission (SEC) against Binance has stirred up a storm. The SEC accuses Binance of artificially inflating its transaction volumes and violating several rules, particularly regarding access for US users to its platform. However, a detail has caught the attention of some observers: the unexpected absence of Ripple's XRP from the list of cryptocurrencies that the SEC now considers securities. While XRP has been under attack by the SEC for the past two years, this absence raises numerous questions. Why is XRP missing from this list? Is it a deliberate strategy on the part of the SEC? What could be the repercussions of this decision?
Binance is currently facing legal action brought by the SEC. The reason behind the lawsuit is the trading of tokens deemed as securities. Binance CEO has responded to these accusations, while the platform has expressed its disappointment with the filed complaint by the SEC.
What does the SEC really want by shaking up Binance? The collapse of the crypto industry or its regulation? Many see Gary Gensler and his team's recent initiatives as developing a visceral hatred towards the cryptosphere. In addition to targeting the world's largest exchange, they have also decided to go after 10 tokens traded on the secondary market, such as Cardano's ADA.
After the CFTC, it's now the SEC's turn to go after Binance and its founder Changpeng Zhao (CZ).
The crypto market has promising days ahead. At least, that's what Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange in terms of trading volume, claims. In a recent interview with Bankless, Zhao predicted a series of successes for the industry and highlighted potential future scenarios. Let's briefly decipher his statements.
Binance announces the delisting of twelve cryptocurrencies under French regulatory pressure. Monero is among them.
In a recent interview on the Bankless podcast, Changpeng Zhao, the CEO of Binance, shared his perspective on the crypto industry and the current market. During the conversation, he addressed the persistent rumors (FUD) surrounding his company. Additionally, Zhao provided insight into the next major trend in the crypto space. Let's delve into the details of this interview.
Crypto company Binance seems to be constantly involved in controversies. If it's not regulators suspecting it of fraud, it's the press accusing it of misusing user funds.
Many believed Elon Musk was a big fan of cryptocurrency and the famous memecoin Dogecoin (DOGE). However, the Tesla CEO challenged this belief at a recent summit. The event in question was the Wall Street Journal's CEO Council Summit held in London. During his address, Elon Musk, who wields significant influence over the market, issued a warning to crypto investors. Here's what happened.
Australian bank Westpac has banned its clients from depositing money into Binance. Another blow for CZ given the ongoing lawsuits by the CFTC in the United States.
It's no longer a secret that Bitcoin has outperformed expectations in recent months. The numbers clearly show a surge in its value. Meanwhile, despite gloomy economic and financial circumstances, Bitcoin has not experienced a significant drop. According to some experts, there might be a reason for this.
Crypto exchange crashes like FTX have always been preceded by massive currency transfers. However, some observers claim that large volumes of Bitcoin have been leaving exchanges such as Binance recently. Is this the beginning of the end for this giant and its peers?
One of the biggest fears of crypto players is that a blockchain will be attacked. This situation almost always results in significant losses and undermines investor confidence in the crypto industry. However, there have been recent rumors circulating about the possibility of a denial-of-service (DoS) attack on Bitcoin. It should be noted that this type of cyberattack makes transactions very difficult by disrupting the functioning of the affected network. Bitcoin maximalists have decided to react to ease concerns.
Blockchain analysis platform Santiment is optimistic about the upcoming price increase of five cryptocurrencies. However, the context favors a significant decrease in altcoin prices compared to Bitcoin (BTC). Nevertheless, Santiment believes that Litecoin (LTC) and four other altcoins are undervalued.
Binance is facing massive withdrawals as well as transaction fees multiplied by the latest fashionable nonsense: the BRC-20…
After months of development, the Sui blockchain's mainnet was officially launched on Wednesday, May 3rd. The network's native asset, also called Sui, has also entered the crypto market. Several crypto exchange platforms are already clamoring to list it.
Crypto company Binance has been in the hot seat for the past few days. As regulators closely scrutinize the exchange, the situation seems to be going from bad to worse. Recent calls from a former SEC official are adding to the company's troubles.
Une nouvelle étude révèle que les criminels vendent des comptes crypto piratés à des prix aussi bas que 30 $ par pop sur le darknet.
SHIB, the meme-inspired crypto has managed to seduce Binance. The Exchange, has decided to take it out of its Innovation Zone and place it in the category of projects with high growth and sustainability potential. This gesture of confidence could well further strengthen SHIB's position in the market and encourage investors to take a closer look at this crypto.
Following Forbes and Reuters, The Wall Street Journal has drawn a parallel between FTX and Binance. The spectre of SBF remains strong…
This end of year is undoubtedly one of the most rocky periods for Binance. After the scandal involving its Proof of Reserves, another issue has plunged the crypto platform into an unprecedented crisis. Indeed, 15 French investors have decided to sue Binance France and its parent company Binance Holdings Limited. The exchange is accused of using deceptive practices and fraudulent concealment.
A little over ten years ago, the first cryptocurrency named Bitcoin (BTC) came about and got the crypto ball rolling. These days you can find hundreds of various cryptocurrencies that serve different purposes and have different properties. Of course, some digital assets have become more popular, while others are known…
Binance, the world’s largest cryptocurrency exchange, has announced a new appointment. Brian Shroeder, the former CEO of Ant Group Co. and Uber Technologies Inc., will become the CEO of Binance.US, the US arm of the marketplace. Schroder will take the place of the recently retired Brian Brooks, who served as…
Video game fans, have you ever dreamt of owning a piece of a virtual world? Well, thanks to The Sandbox, this dream is can become a reality. The most famous multiverse project If you hear the words “blockchain multiverse with strong partnerships”, the first thing that should pop into your…
Bitcoin Cash is one of the most well-known crypto assets today. Because of this, there are many people looking to find out how to buy or sell it. In this guide, we’ll take a look at how to make a successful BCH buy or sell transaction. We’ll walk you through…