Changpeng Zhao, the CEO of Binance, has denied the claims made by the US Securities and Exchange Commission (SEC) that one of his holding companies received $12 billion in US customer funds. The allegations were made in a court filing by the SEC, which cited a transfer of funds from Binance.US to a holding company
SEC Chair Gary Gensler spoke at the Piper Sandler Global Exchange & Fintech Conference on June 8 about the ongoing regulatory issues concerning the cryptocurrency industry. He argued that the crypto community’s insistence on “regulatory clarity” lacks merit and defended his agency’s enforcement actions. Gensler has been straightforward in his approach, rejecting once again the
Brian Armstrong, the CEO of Coinbase, has spoken out against the Securities and Exchange Commission’s (SEC) decision to file a lawsuit against the exchange. The SEC’s charges were filed on allegations that Coinbase was listing securities without registering with the regulatory body. This has led to additional actions from Alabama and New Jersey, which has
The U.S. Securities and Exchange Commission (SEC) recently charged Binance and Coinbase, two of the largest cryptocurrency exchanges, with violating securities regulations. The charges have had a significant impact not only on the companies but also on their CEOs. CEOs Experience Personal Losses According to Bloomberg’s Billionaires Index, Binance CEO Changpeng Zhao and Coinbase CEO
The United States Securities and Exchange Commission (SEC) has sued cryptocurrency exchanges Binance and Coinbase, leading to a retest of Ether’s price at $1,780. However, Ether bulls should be relieved that the cryptocurrency did not break below the 67-day support. The SEC’s move is a double-edged sword for Ethereum (ETH), as indicated by analysts on
DeeLance ($DLANCE) is an innovative web3 project that is making waves in the crypto industry. The project is building a blockchain-powered metaverse that aims to unite freelancers and employers, with the promise of revolutionizing remote working and the $761 billion recruitment sector. DeeLance’s approach involves the tokenization of freelance work products into NFTs, which facilitates
Binance US, a cryptocurrency exchange, has announced that it will be removing advanced trading pairs for over 100 crypto assets and pausing its over-the-counter trading portal. The exchange will remove USDT, BTC, and BUSD advanced trading pairs for digital assets such as Bitcoin Cash, Aave, ApeCoin, Uniswap, Zcash, and others. The removal will be effective
The U.S. House Committee on Agriculture recently held a meeting to discuss a draft discussion bill on cryptocurrency, which was advanced by Republican lawmakers. The meeting was intended to discuss the bill with Democratic members, and the goal was to create a bipartisan, joint committee legislative proposal. Testimony from Industry Leaders During the meeting, industry
Binance, a leading cryptocurrency exchange, has obtained ISO 27001 and ISO 27701 certifications for information security and data privacy in France, United Arab Emirates, and Bahrain, according to a tweet by CEO Changeng ‘CZ’ Zhao on June 4. The certifications are evidence of high standards for user information security and data privacy across these countries,
According to Reuters, Guangying Chen, a top executive at Binance, controlled five bank accounts of the company’s independent U.S. subsidiary from 2019 to 2020. Bank records show that Silvergate Bank authorized Chen as the Primary Admin User of the accounts, including one that held American customers’ funds and an account for corporate clients. During this