US SEC Sues Coinbase, One Day After Suing Binance; Accuses Crypto Exchange of Operating Illegally

[ad_1] The US Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the … Read more

US Sues Binance Crypto Exchange and CEO Changpeng Zhao Over ‘Web of Deception’ as Bitcoin Tumbles

[ad_1] US regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending Bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint, filed in a federal court in Washington, D.C., listed 13 … Read more

Bitcoin Coders Deliberate Over Future of $1 Billion Memecoins Such as Pepe

[ad_1] The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network. A torrent of speculative coins led to a record number of transactions and an 11-fold spike in processing fees on the blockchain in May, creating a logjam and forcing the Binance exchange to temporarily halt … Read more

Binance Australia Customers Seen Selling Bitcoin at Discount to Rival Crypto Exchanges

[ad_1] Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were almost A$9,000 (roughly Rs. 4.8 lakh) lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin, was at around AUD 34,000 ($23,062.20, or … Read more

Binance to Launch Japan-Centric Crypto Exchange Soon, Vouches Regulatory Compliance

[ad_1] Japan, which in recent months has emerged as a top global contender to become a Web3 hotspot, is attracting industry players to go the extra mile and set up operations in the Asian nation. One of world’s biggest crypto exchanges, Binance, is now inching closer to launching a new exchange tailored to the Japanese … Read more