Category: Latest news

[ad_1] Binance CEO Changpeng ‘CZ’ Zhao denied rumors that his exchange was selling Bitcoin to protect BNB’s price, according to a June 13 tweet. CZ tweeted that “Binance have not sold BTC or BNB,” adding that the exchange still holds “a bag” of bankrupt FTX’s FTT. Zhao’s statement responded to several market analysts who alleged…

[ad_1] Sam Bankman-Fried (SBF) won a small victory in a Bahamian court on June 13. The court temporarily blocked the Bahamas attorney general from consenting to charges added to SBF’s U.S. indictment after his extradition in December 2022, Bloomberg reported. The U.S. prosecutors added four new charges to the previous eight counts of fraud charges…

[ad_1] The U.S. Securities and Exchange Commission (SEC) stated in a June 13 court filing that it has not yet decided on requests from Coinbase. SEC says it hasn’t decided on rulemaking In July 2022, Coinbase petitioned the SEC to engage in rulemaking for the cryptocurrency industry, seeking clear regulatory guidelines. Later, in April 2023,…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Republicans on the House Financial Services Committee told the SEC on June 12 to rescind proposed rulemaking concerning crypto exchanges. Republicans oppose broadened definition Specifically, the lawmakers expressed concern with a proposed amendment from the U.S. Securities and Exchange Commission (SEC) that would expand the definition of “exchange” under Rule 3b-16 of the Securities…

[ad_1] Binance.US and the U.S. Securities Exchange Commission (SEC) could reach an agreement that could avoid a full asset freeze, Bloomberg said on June 13. Judge demands compromise agreement The SEC first filed charges against Binance.US and related companies on June 5. It then requested a restraining order and asset freeze on June 8. Though…

[ad_1] Haru Invest, a South Korean interest-bearing crypto platform, said on June 13 that it has halted deposits and user withdrawals. User access to funds suspended Haru said that it was necessary to halt transactions in order to protect investors following a business error. It did not state when it might reopen deposits and withdrawals.…

[ad_1] The House Financial Services hearing on “The Future of Digital Assets” contained a wealth of information on the potential future of the digital asset space in the United States. Following the recent SEC lawsuits against Binance and Coinbase, the industry has feared for the future of web3 within the U.S. due to the listing…

[ad_1] Genesis Capital filed an updated reorganization plan on June 13, days after the bankruptcy court extended mediation talks with relevant stakeholders to August 2. It is an updated version of the initial wind-up plan submitted by the collapsed crypto lender in January as part of its bankruptcy proceedings. It essentially splits up debtors and…