According to Reuters, Guangying Chen, a top executive at Binance, controlled five bank accounts of the company’s independent U.S. subsidiary from 2019 to 2020. Bank records show that Silvergate Bank authorized Chen as the Primary Admin User of the accounts, including one that held American customers’ funds and an account for corporate clients. During this
The House Agriculture Committee met on Tuesday to discuss legislation concerning the regulation of cryptocurrencies. The hearing will provide clarity for digital asset spot markets and will hear from a range of individuals, including the Chair of the US Commodity Futures Trading Commission, Rostin Behnam, Coinbase’s Chief Legal Officer, Paul Grewal, and former CFTC Chair
Binance, one of the largest cryptocurrency exchanges, has received charges of securities violations from the US Securities and Exchange Commission (SEC). The charges were filed against Binance CEO Changpeng Zhao and various associated companies on June 5. Support from Huobi Advisor and Former TRON CEO Following the news of the charges, Huobi advisor and former
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao, also known as CZ, are facing a lawsuit filed by the US Securities and Exchange Commission (SEC) for their “blatant disregard of the federal securities laws”. The complaint, which includes 13 charges, accuses the exchange of operating an unregistered exchange and violating various US
Litecoin, the silver version of Bitcoin, currently stands at the 12th position on the global crypto charts. Its recent surge of 2.47% in the past 24 hours and an 11% increase in the last week is an indication of the crypto market’s bullish trend. The bullish rally among cryptocurrencies has led many investors to contemplate
On June 2, the price of Arbitrum (ARB) experienced a 9% increase to reach an intraday high of $1.25. The rise in price was higher than the overall gains of 1.5% in the crypto market. This increase in price was attributed to the US Senate’s decision to raise the debt limit. Andrew Kang’s Crypto Investments
After a period of fluctuation, the crypto market is once again gaining momentum. The market cap is currently at $1.15 trillion, up 0.3% from the low point of $1.13 trillion a few days ago. Bitcoin has been leading the bullish charge, with a gain of almost 2% in the past week. Ripple’s XRP token has
The Blockchain Association has shown its support for the coin mixer Tornado Cash by filing an amicus brief to support a CoinCenter case that defends the coin mixer. The CEO of the Blockchain Association, Kristin Smith, has stated that Tornado Cash is simply a tool and punishing the tool itself simply because it can be
Animoca Brands, a Hong Kong-based investor in blockchain gaming and Web3, has postponed its financial report since 2020. The company was spun out of Animoca in 2014 and was listed on the Australian Securities Exchange in 2015. Animoca Brands began rolling out massive game projects but struggled to publish its audited accounts in 2020. Reasons
The US Commodity Futures Trading Commission (CFTC) is considering revisiting its regulatory oversight on risk management requirements for swap dealers and futures commission merchants. The agency has issued an advanced notice of proposed rulemaking that welcomes public comments on the matter. The CFTC Commissioner Christy Goldsmith Romero has highlighted the need for closer examination of