Get to know USA stories in News words
[ad_1] Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts — including securities fraud, commodities fraud and wire … Read more
[ad_1] Paysafe Payment Solutions, Binance’s European banking partner, said on Thursday it will cease offering its embedded wallet solution to the US cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25. “Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few … Read more
[ad_1] Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. The agreement, disclosed in court papers filed late on Friday, … Read more
[ad_1] Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere. We had an on-site … Read more
[ad_1] Binance, the largest cryptocurrency exchange, said on Friday that it was leaving the Dutch market because it had been unable to meet registration requirements to operate as a virtual asset service provider. It is the latest in a string of setbacks for Binance including the June 5 decision by the US Securities and Exchange … Read more
[ad_1] The crypto sector, that currently stands at a valuation of $1.06 trillion (roughly Rs. 87,20,946 crore), is undergoing a period of slump. This comes in the backdrop of the US SEC cracking down on crypto players over charges of legal violations. The SEC has initiated lawsuits against crypto exchanges Binance and Coinbase. Crypto insiders … Read more
[ad_1] The crypto climate in the US is heating up after the Securities and Exchange Commission (SEC) levied charges of legal violations against Coinbase and Binance this week. In the backdrop of the ongoing chaos, venture capital firm Andreessen Horowitz (a16z) has decided to go international with its presence. The crypto and Web3-focussed company will … Read more
[ad_1] Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” the Securities and Exchange Commission (SEC) said … Read more