Changpeng Zhao, the CEO of Binance, has denied the claims made by the US Securities and Exchange Commission (SEC) that one of his holding companies received $12 billion in US customer funds. The allegations were made in a court filing by the SEC, which cited a transfer of funds from Binance.US to a holding company
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The U.S. House Committee on Agriculture recently held a meeting to discuss a draft discussion bill on cryptocurrency, which was advanced by Republican lawmakers. The meeting was intended to discuss the bill with Democratic members, and the goal was to create a bipartisan, joint committee legislative proposal. Testimony from Industry Leaders During the meeting, industry
Bitcoin (BTC) managed to recover some of its lost ground after the June 6 Wall Street opening despite new legal action from United States regulators. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD has been rebounding and reached $26,250 on Bitstamp. It had earlier dipped to almost three-month lows of $25,350 after news
Hong Kong-based Animoca Brands remains unfazed by the Securities and Exchange Commission’s (SEC) recent characterization of the SAND cryptocurrency as a security in its complaints against Binance.US and Coinbase, according to South China Morning Post. Animoca co-founder and chairman Yat Siu stated that the company operates globally and is not overly concerned with what happens
The United States Securities and Exchange Commission (SEC) has sued cryptocurrency exchanges Binance and Coinbase, leading to a retest of Ether’s price at $1,780. However, Ether bulls should be relieved that the cryptocurrency did not break below the 67-day support. The SEC’s move is a double-edged sword for Ethereum (ETH), as indicated by analysts on
The term “Internet 2.0” or Web3 has been gaining attention due to its decentralized nature and the increasing use of cryptocurrencies and tokens. However, the complex terminology of blockchains, wallets, gas fees, and numerous crypto tokens can be a daunting task for new users to navigate, and the volatile nature of the market can pose
On June 5, Bitcoin (BTC) experienced a decline to multi-day lows as trading on exchanges intensified. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD wicking fell to $26,640 on Bitstamp. The pair looked weak, down almost 3% from the weekend’s highs, as key support lines moved closer. Among these was the 200-week moving
On June 5, Bitcoin’s price fell by 5% in just one hour after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance for allegedly violating federal securities laws. Even though Bitcoin’s $25,500 support held up, investors are still processing the potential effects of the regulatory action, which also involves Binance CEO Changpeng
Bitcoin (BTC) developers are in disagreement over the new “Ordinals” protocol, which has opened up a plethora of new applications for the cryptocurrency. While some celebrate the innovation, others believe it is clogging up the blockchain and causing problems for those using it as a peer-to-peer digital currency. Ali Sherief, a developer, has called for
Binance, a leading cryptocurrency exchange, has obtained ISO 27001 and ISO 27701 certifications for information security and data privacy in France, United Arab Emirates, and Bahrain, according to a tweet by CEO Changeng ‘CZ’ Zhao on June 4. The certifications are evidence of high standards for user information security and data privacy across these countries,