Binance US, a cryptocurrency exchange, has announced that it will be removing advanced trading pairs for over 100 crypto assets and pausing its over-the-counter trading portal. The exchange will remove USDT, BTC, and BUSD advanced trading pairs for digital assets such as Bitcoin Cash, Aave, ApeCoin, Uniswap, Zcash, and others. The removal will be effective
Wall Street Memes, one of the most popular retail investing communities on the internet, has recently launched a new presale of its associated $WSM token. The new presale has raised close to $5.0 million in just 12 days, surpassing the successful mint of the Wall Street Bulls 10,000 piece NFT collection in 2021, which famously
US Bankruptcy Judge Sean Lane has ruled that FTX will not be allowed to participate in the mediation between Genesis Global, a now-bankrupt crypto lender, and its parent company, Digital Currency Group (DCG), owned by Barry Silbert. Genesis and its major creditors, along with DCG, aim to create a revised payout proposal that will serve
Binance.US has been under investigation by the Securities and Exchange Commission (SEC) since last year. Recently, the regulatory body filed a complaint against the cryptocurrency exchange, which included testimony from two former CEOs of the company, Catherine Coley and Brian Brooks. The filings give insight into the challenges faced by the executives while leading Binance.US
In today’s constantly evolving financial world, new technologies like cryptocurrencies, blockchain, and decentralization have disrupted traditional concepts of value, investment, and ownership. While these innovations offer exciting possibilities for reimagining finance, they also present significant challenges. The sophisticated platforms built on these technologies can be difficult to navigate, especially for those without technical expertise. This
Brian Armstrong, the CEO of Coinbase, has spoken out against the Securities and Exchange Commission’s (SEC) decision to file a lawsuit against the exchange. The SEC’s charges were filed on allegations that Coinbase was listing securities without registering with the regulatory body. This has led to additional actions from Alabama and New Jersey, which has
The U.S. Securities and Exchange Commission (SEC) has filed a motion requesting a restraining order against Binance.US on June 6. The SEC’s request specifically asks the court to freeze the assets of Binance.US’s parent companies, which are collectively operating under the name BAM. The regulator’s motion also seeks to have Binance.US funds returned to customers
According to Bloomberg News, Cathie Wood’s Ark Investment Management LLC has increased its stake in Coinbase after the US Securities and Exchange Commission (SEC) accused the exchange of operating unlawfully. The Ark Innovation ETF and two other funds bought 419,324 shares of Coinbase on Tuesday. Ark Invest has been bullish on Coinbase, purchasing an additional
SEC Chair Gary Gensler spoke at the Piper Sandler Global Exchange & Fintech Conference on June 8 about the ongoing regulatory issues concerning the cryptocurrency industry. He argued that the crypto community’s insistence on “regulatory clarity” lacks merit and defended his agency’s enforcement actions. Gensler has been straightforward in his approach, rejecting once again the
According to the Brazilian media outlet Livecoins, the adoption of crypto credit cards is on the rise in Brazil. It has been reported that more Latin Americans than ever before are buying and spending tokens, with Brazilians using coins to pay in stores instead of fiat. Binance’s Brazilian head, Guilherme Nazar, stated that cards such