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[ad_1] Binance and its CEO and founder Changpeng Zhao are planning to seek the dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations. Binance is due to submit its response to the CFTC complaint on July 27 and plans to … Read more
[ad_1] Owing to a rise in financial scams linked to cryptocurrencies, several traditional banks in Australia have decided to pull back support for crypto exchanges. The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been frequently named in scam-related complaints. Earlier this month, Australia’s largest lender, the Commonwealth … Read more
[ad_1] A cryptocurrency developer’s landmark legal victory against the US Securities and Exchange Commission (SEC) will galvanize Coinbase and other companies to resist the agency’s attempt to assert its jurisdiction over the industry, experts said. Thursday’s ruling that Ripple Labs did not violate securities law by selling its XRP token on exchanges was the first … Read more
[ad_1] Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange,” Ray said, according to the Journal’s report. The failed crypto company has been holding talks … 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] 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
[ad_1] Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on Tuesday by his lawyers at Cohen & Gresser, who are defending Bankman-Fried against federal charges of fraud, conspiracy and bribery. They’re asking for access to … Read more
[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