Author: e_cash_top
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Realized losses outpace profits amid market turbulence after Binance, Coinbase lawsuits
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US DOJ charges 2 Russians with laundering over 600k Bitcoin
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Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuit
[ad_1] Coinbase CEO Brian Armstrong sold $1.8 million worth of company shares on June 5, according to data from Dataroma, before news of the U.S. Securities and Exchange Commission (SEC) lawsuit against the company tanked its shares by more than 15% on June 6. The SEC alleges Coinbase operated as an unregistered broker, exchange, and…
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Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits
[ad_1] John Deaton, managing partner at Deaton Law Firm, has called on Binance and Coinbase users to contribute to an amicus brief to submit to the court handling their cases. Amicus curiae is Latin for friend of the court. It refers to a person or group who is not the plaintiff or defendant but has…
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Bitcoin’s price maintains $26.5K despite continued regulatory woes: CryptoSlate wMarket Update
[ad_1] The cryptocurrency market saw mild net inflows of $0.23 billion over the last 24 hours and currently stands at $1.11 trillion — up 0.22%. During the reporting period, Bitcoin (BTC) market cap rose 0.55% to 515.53 billion, while Ethereum’s (ETH) market cap fell 0.14% to 221.42 billion. The top 10 digital assets by market…
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Coinbase outlook downgraded from stable to negative – Moody’s
[ad_1] Quick Take Credit rating agency Moody’s has downgraded the crypto exchange Coinbase from “stable” to “negative.” This decision comes after the June 6 lawsuit from the SEC. However, despite the rating downgrade, Moody’s rating rationale on their website does acknowledge their “healthy liquidity position.” “The affirmation of Coinbase’s ratings reflects its healthy liquidity position,…
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Poolin sent over 5K Bitcoin to exchanges since May 30
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Binance.US to go ‘crypto-only’ as banking partners cut ties
[ad_1] Binance.US announced on June 9 that it would transition to a crypto-only exchange for now. The move comes as its payment and banking partners suspended USD channels due to the Securities and Exchange Commission (SEC) lawsuit against Binance, and related entities, over allegations of breaching securities laws, including operating as an unregistered exchange. Binance.US…
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Animoca doubles down on non-US market push after America’s ‘blockchain-hostile’ approach
[ad_1] Hong Kong-based Animoca Brands is unfazed by the SEC deeming the SAND cryptocurrency a security in its recent complaints against Binance.US and Coinbase, South China Morning Post reported June 8. Animoca co-founder and chairman Yat Siu told the newspaper that the firm operates globally and as such is not overly concerned with what happens…
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Alameda Research was often the ‘only counterparty’ at Binance.US’ OTC Desk
[ad_1] As markets, customers, and industry observers continue to dissect the U.S. Securities and Exchange Commission’s (SEC) extensive lawsuit against cryptocurrency giant Binance and its affiliates, surprising new details are continually coming to light. Among the unexpected revelations buried within the 136-page complaint is that Binance.US. had a significant relationship with Alameda Research through its…