Binance.US's move is a major burden for the now-bankrupt crypto brokerage firm, which has been looking for ways to raise funds to repay its creditors.
Choosing a cryptocurrency exchange can be a make-or-break decision in 2023. While the crypto market is maturing and stabilizing, some foul players will be washed ashore. For example, in 2022, the collapse of FTX affected more than 1.2 million users.
The NFT Marketplace is now set to launch on May 15, according to a report.
Coinbase filed a petition with the SEC last July, requesting the agency to engage in regulation-making for the industry, asking it to propose and adopt clearer regulatory guidelines for the sector in the United States.
Do Kwon's lawyers said that the lawsuit is an "improper attempt" by the SEC to regulate crypto using "outdated laws," even though Congress and the agency itself could not agree on what qualifies as a "security."
"We think the law is on our side and the facts are on our side," Ripple Labs' CEO said last July, adding that "we will move to another jurisdiction if we lose the case in the United States."
"It is difficult to see Luna Coin as a financial investment product regulated by the Capital Markets Act," the court said.
While Binance has not officially released a statement related to these claims, a spokesperson of the exchange reportedly noted that the CEX's stance on Russian accounts remains the same.
"Kucoin will fully reimburse all verified asset losses caused by the social media breach and the fake activity," the exchange announced after it successfully regained access to its official Twitter account.
The Binance-backed crypto wallet admitted that there is around "$88k total balance left on affected addresses," underlining that these funds are still vulnerable.
Brian Armstrong said that Coinbase will "continue pushing for a clear rule book" in the United States for crypto regulations.
Krafton is joining hands with Naver Z to create the new metaverse platform through a joint venture, which will be based in North America.
Faruk Fatih Ozer fled Turkey and ran to Albania in May 2021 with a reported $2 billion in investors' assets.
A former vice president of Venezuela's state oil firm PDVSA was arrested as part of a widening anti-corruption probe looking into wrongdoing at the state company, a government official said on Wednesday.
Major U.S. crypto exchange Coinbase Global Inc has said it has secured a licence to operate in Bermuda, as part of a wider push to expand globally.
The European Parliament approved the world's first comprehensive rules to regulate the "Wild West" world of cryptocurrencies on Thursday, hoping to protect investors against abuse and manipulation.
The news came directly from the horse's mouth, particularly from Mahindra group Chairman Anand Mahindra, whose statement suggested that the automaker' decision to embrace cryptocurrency could be a potentially game-changing move.
The American rapper and other celebrities were charged by the U.S. SEC for allegedly promoting TRX and BitTorrent, without disclosing the compensation they received.
The Kremlin has tried to evade the sanctions, aimed at isolating its economy, using cryptocurrency and blockchain technology.
Unlike MicroStrategy which has remained bullish in its stance on Bitcoin and has already earned revenue from its BTC holdings, Tesla appears to have mellowed down in its Bitcoin accumulation.
The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, the EU's financial services chief said on Wednesday.
Intel expects to stop getting orders for the crypto mining chip, dubbed Blockscale, by Oct. 20, 2023, and terminate shipping of the said product line by April 20, 2024.
The "Chief Twit" is officially changing Twitter, Inc.'s name to X Corp starting next month and is currently working to make the social media platform his dream "Everything App."
The Twitter CEO commented in a post about what the lawyer said about Taylor Swift, saying he was "not surprised" by the singer's decision not to ink the deal because she is "smart" and her father is a "well-regarded investment banker."
The House Majority Whip said the financial regulator's chief is "actively putting everyday Americans in harm's way."
The former president released the second series of his NFT trading cards following the "success" of the first series.
Aside from systems design, Kusama also disclosed that they are also working on "UI (user interface) for some secret projects" and "some surprises to help move businesses that don't understand the MV (metaverse)."
"Cyber-criminals should heed this message: we will follow the money and hold you accountable... no matter how long it takes," said Damian Williams, the U.S. Attorney for the Southern District of New York.
The SEC issued a Wells Notice to Coinbase last month, informing the exchange that it intends to sue the platform for allegedly violating a number of investor-protection laws.
It is not clear what records the U.S. SEC would like to get from Singapore, but the Singapore Monetary Authority has in its possession the files from the defendants of the Luna Foundation Guard.
