Category: Latest news

[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…

[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…

[ad_1] Crypto wallet company Exodus published its Q1 report on June 8, reporting over $13 million in revenue and its active users remained largely consistent and only saw a small decline. Exodus Movement Inc. said it saw $13.3 million in revenue in Q1 2023. That amount represents a 13% decrease from Q1 2022 when it…

[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] Binance CEO Changpeng Zhao on June 8 countered SEC claims and denied that one of his holding firms received $12 billion in U.S. customer funds. Regarding the supposed $12 billion transfer, Zhao said: “This is simply false … To the best of my knowledge, Binance.US had in total roughly $2 billion in user funds.”…

[ad_1] Senators said June 8 that the U.S. Department of Justice should investigate statements previously made by Binance and take action as necessary. Democratic senators Elizabeth Warren and Chris Van Hollen alleged that Binance and Binance.US made false statements to Congress in a March 2023 letter. At that time, Binance said that its global and…

[ad_1] In prepared remarks at the Piper Sandler Global Exchange & Fintech Conference on June 8, SEC Chair Gary Gensler addressed the ongoing regulatory issues surrounding the cryptocurrency industry at length, arguing that the crypto community’s assistance on “regulatory clarity” lacks merit and defending his agency’s enforcement actions. Gensler said he has been straightforward in…

[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] It is time for the U.S. to implement intelligent, progressive, and specific digital asset regulation. The Securities and Exchange Commission’s recent charges against Coinbase and Binance have brought the debate on digital asset classification to a boiling point, and I believe it demonstrates that the organization is not equipped to regulate digital assets competently.…

[ad_1] Hong Kong Legislative Council Member and Co-founder of G-Rocket, an incubator firm, Wu Jiezhuang, said the region faces a Web3 talent shortage. In an interview with Chinese-language crypto publication Chain Catcher, Jiezhuang covered several points, including developments at G-Rocket, the impact of the Virtual Assets Service Provider (VASP) licensing system in Hong Kong, and…