Aurora – an Ethereum Virtual Machine (EVM) compatible scaling and bridge solution built on top of the NEAR Protocol blockchain network – announced a strategic partnership with blockchain-based employment cooperative for the Web3 ecosystem called Opolios. Aurora-Opolios Partnership According to the official press release shared with CryptoPotato, the latest integration will enable USDC payments on...Read More
Coinbase CEO Brian Armstrong is not shaken by the U.S. Securities and Exchange Commission (SEC)’s new lawsuit against his exchange. Both the executive and his company responded with brief arguments on Monday as to why Coinbase will reign victorious in its legal battle with the regulator. A Chance to Win Clarity In a tweet on...Read More
The U.S. Securities and Exchange Commission (SEC)’s charges against Coinbase are largely reminiscent of its Binance case from just a day prior – but also contain some key differences. Here’s a closer look at the text and implications of the commission’s 101-page lawsuit against America’s largest crypto exchange. Coinbase and Binance: Lawsuits Compared Much like...Read More
Binance doubled down its efforts on the non-fungible token sector as it announced support for Bitcoin NFTs on Tuesday amidst severe turmoil in the crypto industry. The exchange’s NFT marketplace is the latest contender to step into the Bitcoin NFTs ring following Magic Eden’s support for the same. According to the latest update, the newly...Read More
Bitcoin is up 4.5% on Tuesday despite back-to-back lawsuits from the U.S. Securities and Exchange Commission (SEC) targeting two of the world’s largest crypto exchanges this week. The event has triggered $94 million in liquidations across the market over the last day – mostly consisting of shorts. Per data from Coinglass, $61.5 million in short...Read More
A judge ruled that FTX cannot join confidential mediation sessions between bankrupt crypto lender Genesis Global Holdco and its parent company Digital Currency Group (DCG). The ruling days after Genesis denied owing FTX anything. According to the Bloomberg report, US Bankruptcy Judge Sean Lane refused to open the settlement talks to the SBF-founded beleaguered crypto...Read More
Coinbase (COIN) fell 13% on Tuesday after the U.S. Securities and Exchange Commission (SEC) launched a major lawsuit against the firm for violating securities laws. Yet the agency isn’t alone: Alabama’s securities regulator is also targeting Coinbase, specifically for its failure to register its staking product. The Need for Registration In a separate filing on...Read More
The Bitcoin price witnessed a massive drop in the past trading day, washing out more than 6.5% of its value, marking the lows at $25,388. Despite the current recovery, the price continues to trade in an acute bearish trend. However, the price appears to have found strong support and may soon trigger a healthy upswing...Read More
The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some...Read More
It appears Binance is not the only crypto heavyweight that the SEC is aimed at. The US Securities and Exchange Commission has just filed another lawsuit – this time against the leading US-based cryptocurrency exchange and a publicly-traded company in the US – Coinbase. SEC Charges Coinbase With Violating Securities Laws In a brand new...Read More
Just one day after launching a slew of charges against Binance, the U.S. Securities and Exchange Commission (SEC) has filed a 101-page lawsuit against Coinbase – America’s largest cryptocurrency exchange. Similar to Binance, the agency alleged that Coinbase has failed to register as either a broker, national securities exchange, or clearing agency, despite serving the...Read More
Coinbase And SEC The Securities and Exchange Commission (SEC) has filed charges against Coinbase, accusing it of operating an unregistered securities exchange, broker, and clearing agency since 2019. The SEC also alleges that Coinbase has been running an unregistered securities offering via its staking-as-a-service program. The complaint states that Coinbase’s failure to register has deprived...Read More
The stolen funds from the Atomic Wallet hack have been traced to a coin mixer used to launder crypto assets swiped by North Korea’s notorious Lazarus Group. Nearly $35 million worth of crypto assets were drained from users of the centralized wallet service since June 2. According to the investigation team at Elliptic, the stolen...Read More
The world’s largest crypto exchange Binance is witnessing significant net outflows as thousands of crypto traders withdraw their funds from the platform following the latest lawsuit from the United States Securities and Exchange Commission (SEC). According to on-chain data from the blockchain analytics platform CryptoQuant, Binance recorded a net outflow of 11,380 BTC just the...Read More
[PRESS RELEASE – ST HELLIER, Jersey, June 6th, 2023] OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under...Read More
If American regulators were aiming to crash crypto markets and generate losses by instilling fear in investors, they are achieving their goal. Cryptocurrency markets have shed $55 billion or around 5% since the Securities and Exchange Commission sued Binance for violating securities laws. As a result, total capitalization has dropped to $1.13 trillion, its lowest...Read More
On Monday, the U.S. Securities and Exchange Commission (SEC) pressed a slew of charges against Binance, marking one of the agency’s most significant enforcement actions against the crypto industry in history. Let’s have a look at the regulator’s most stunning allegations against the exchange, alongside Binance’s response to its claims. What Did Binance Do? The...Read More
