Coinbase CFO, Alesia Haas, recently shared her belief that Ethereum (ETH) should not be classified as a security. She emphasized that both the SEC and the CFTC have previously stated the same opinion. Haas highlighted the lack of regulatory clarity surrounding cryptocurrencies in the US as the root cause of the classification issue. She stressed
Exchanges
CFTC Commissioner Caroline Pham recently expressed concerns that the charges brought against KuCoin by her agency could be encroaching on the responsibilities of the SEC. While she commended the Division of Enforcement for taking decisive action, she pointed out a crucial flaw in the allegations. Pham highlighted the distinction between investments in funds, typically classified
The US and UK governments have recently initiated a collaborative investigation into cryptocurrency transactions exceeding $20 billion. These transactions are suspected of violating Russian sanctions and potentially funding military operations in Ukraine. The focus of the investigation is on transactions allegedly processed through the Russia-based crypto exchange, Garantex, in an attempt to circumvent international sanctions.
Recently, KuCoin, a popular crypto exchange, faced a surge in withdrawal requests following criminal charges brought against the platform by US authorities. This development led to significant withdrawals of Ethereum-based tokens across various categories of traders, including whales, funds, smart money, and market makers. The charges alleged that KuCoin and its founders had been operating
Amid the recent news of US criminal charges being levied against the popular cryptocurrency exchange KuCoin, CEO Johnny Lyu took to social media to reassure users that their funds are safe. The US Department of Justice (DOJ) announced that KuCoin, along with its founders Chun Gan (Michael) and Ke Tang (Eric), are facing charges for
Binance recently made the decision to end support for Tron network-based USD Coin stablecoins by April 5. This announcement came following news that Circle, the company behind USDC, is pulling out of the Tron blockchain entirely. Users on Binance have less than two weeks to withdraw their assets or convert them to USDC on alternative
The recent EU anti-money laundering regulations have created a significant stir in the financial world. These new laws, which have been approved by most of the EU Parliament’s lead committees, have sparked a heated debate about striking a balance between combating financial crime and preserving the rights of citizens to privacy and economic freedom. Patrick
Recently, Binance confirmed that Nadeem Anjarwalla, one of its executives detained by Nigerian authorities, has managed to escape custody. While this news is shocking, it raises concerns about the effectiveness of the Nigerian justice system and brings to light questions about the security measures in place to prevent such escapes. Reports indicate that the Nigerian
In recent days, the Solana community and the broader crypto ecosystem have been facing a troubling trend – a surge in inflammatory memecoins with racist, antisemitic, and offensive content. This article will delve into the repercussions of this trend and the reactions from key figures in the industry. Anatoly Yakovenko, the founder and CEO of
In a significant move, asset management firm BlackRock has chosen Coinbase as the key infrastructure provider for its new tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets as new tokens each month.
Recently, BitMEX, a popular cryptocurrency exchange, launched an investigation into an abnormal incident involving a user selling large orders on its Bitcoin spot market. The rogue seller managed to unload over 400 BTC on the platform, causing the price of Bitcoin to plummet by 87% to as low as $8900 before stabilizing. The drastic drop
Crypto exchange OKX has recently made a significant decision to delist Tether (USDT) pairs in the European Union. Instead, it will now only support USDC and Euro-based stablecoin pairs. This move has raised questions and concerns within the cryptocurrency community about the implications of such actions. The decision to delist Tether (USDT) pairs by OKX
In a surprising move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that no longer falls under the group’s purview. This significant decision, made under the leadership of the exchange’s new CEO, Richard Teng, marks a new chapter for the venture capital division. The decision to separate Binance
The Securities and Futures Commission (SFC) of Hong Kong recently issued a public warning about the unlicensed operations of MEXC within its jurisdiction. The SFC highlighted that MEXC claims to be a virtual asset trading platform, targeting investors in Hong Kong, but it does not hold a license from the regulatory authority. As a result,