Get to know USA stories in News words
[ad_1] Kraken, the crypto trading platform based in the US, has found itself under legal scanner in the US. The Securities and Exchange Commission (SEC) of the US has sued Kraken for operating its business without having registered it officially. The next few days could be tumultuous for the international crypto sector with this probe … Read more
[ad_1] The US securities regulator was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory that could pave the way for the first product of its kind. A three-judge panel of the District of Columbia Court of Appeals … Read more
[ad_1] The financial industry has long been an essential component of the world economy, promoting development, capital investment, and wealth accumulation. However, over the years, the way we interact with financial institutions has changed as a result of technology advancements. One such innovation that has gained a lot of traction is cryptocurrencies. In what first … Read more
[ad_1] Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest market by far, accounting … Read more
[ad_1] Brian Armstrong, the CEO of Coinbase crypto exchange, is looking to meet with policymakers from the US. The agenda of Armstrong’s rendezvous with the Democrats revolves around opening discussions on the future of the digital assets sector in the US. Valued at $1.2 trillion (roughly Rs. 98,47,344 crore) as of Tuesday, July 18, the … 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] Binance has been in the news over the weekend over reported sizable layoffs at the crypto firm. A report by The Wall Street Journal claimed that over 1,000 staff members were given internal terminations at Binance in recent weeks. The exchange’s ongoing legal troubles with the SEC was quoted as the reason for triggering … Read more
[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