US SEC Indicts Coinbase over Unregistered Exchange and Broker Platform
The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules.
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The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules.
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After SEC’s action on Binance, Bitcoin and the broader crypto market tanked instantly. Altcoins face heavy correction to the tune of 7-8% with Binance BNB suffering the most.
The company cited the challenging environment as a reason behind its headcount cut.
According to the SEC in a recent lawsuit, Binance deliberately broke several rules and secretly funneled customer funds via a separate entity.
The German researchers found out that AI-related crypto assets jumped as much as 35 percent after the launch of ChatGPT.
The SEC filing against Binance had a significant impact not only on Coinbase but also on other linked entities and cryptocurrencies.
Despite the announcement of the partnership between GameStop and Illuvium, both Illuvium (ILV) price and GME stock edged lower in the past 24 hours.
Binance said that although it takes the SEC’s actions seriously, it will defend its position in the court “vigorously”.
JPMorgan analysts believe that retail investors resolve to accumulate Bitcoins will only go stronger as we approach close to the next halving in mid-2024.