Are cryptocurrencies commodities or securities? Depends on which US agency you ask
As the CFTC and SEC diverge over whether cryptocurrencies are commodities or securities, market players feel confusion and want clarity.
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Binance
Binance CFTC suit shows that ‘regulators will keep regulating, and regulate more’
Binance’s CFTC lawsuit may bring about more regulation for the crypto space and affect market players’ confidence.
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Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations
Binance, the world’s largest crypto exchange by volume; its CEO Changpeng Zhao; and Chief Compliance Officer Samuel Lim, are being sued by the U.S. Commodity Futures and Trading Commission, according to a filing on Monday. The company, Zhao, Lim are being sued for allegedly breaking trading and derivatives rules. The exchange has never registered with […]
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Crypto giant Binance temporarily suspends withdrawals and spot trading
Binance has temporarily suspended all spot trading, deposits and withdrawals on the world’s largest crypto exchange citing an “issue” that it’s working to resolve. “Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one),” Binance founder and chief executive Changpeng Zhao said in a tweet, adding that the firm […]
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India probing ‘several’ crypto cases for money laundering, seizes over $115 million
India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions. The Indian crime fighting agency has […]
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Crypto exchange Binance expects to pay penalties to settle US investigations
Binance, the world’s largest crypto exchange, expects to pay monetary penalties to settle probes into its business in the U.S., a top executive said, in a major about-face after publicly disputing the idea that it was under any investigation and mocking media outlets that reported otherwise. In an apparent admission of breaking laws, Binance chief […]
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Crypto makes you more attractive, according to a new Binance survey
In true Valentine’s Day fashion, we’re diving into the theme of love…and crypto? According to a new study by Binance, the world’s largest blockchain by trading volume, crypto could have a positive impact on one’s attractiveness. Yes, really. Approximately 83% of participants said liking crypto was an “attractive feature in a relationship,” while 70% said […]
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BNB Chain is doubling down on web3 gaming
This week’s episode of Chain Reaction featured an interview with Gwendolyn Regina, investment director at layer-1 blockchain BNB Chain.
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Binance acquires majority stake in Korean crypto exchange GOPAX
Binance Holdings plans to return to South Korea after pulling out of the market in 2020. The world’s largest cryptocurrency trading platform by volume said it had acquired a majority stake in South Korea-based crypto exchange GOPAX. In November, GOPAX suspended customer withdrawals from its DeFi service, GoFi, after suffering effects from the bankrupt lender Genesis […]
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Binance to terminate tech offerings to estranged India partner WazirX
Binance will stop offerings its wallet and other tech services that it provided to WazirX, escalating tension with the Indian crypto exchange that it once sought to acquire. The world’s largest crypto exchange cautioned on Friday that Zanmai, the firm that operates the WazirX exchange, has not fully withdrawn assets stored in the Binance wallets […]
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