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Owing to a February 2022 hack of $36 million, the IRA accused Gemini for lack of transparency with its cybersecurity protocols and failing to provide sufficient security for the funds.
The survey concluded that the Fed’s quantitative tightening used to curtail inflationary threats could be bad for crypto and tech stocks.
Binance US arm, Binance.US, is also under investigation by the SEC. The watchdog wants to ensure that the US business is appropriately operating independently from the crypto company.
Investors in Australia have already lost $81.5 million in crypto scams and $148 million overall, including several other investment scams.
Binance has invested in the PancakeSwap decentralized exchange through its Binance Labs investment arm in a bid to grow global tech adoption.
Bitcoin last traded at these levels on June 1, when it began a downward correction that saw BTC fall from around $32,000 to below $30,000 for the majority of the weekend.
With the increasing number of crypto-asset services providers (CASPs) in the EU, institutions of the European Union are called for accelerating the process of finalizing the Regulation on Markets in Crypto-Assets (MiCA). While the EU is still finalizing the law, Lithuania decided to be ahead of the game.
Federal Reserve Governor Christopher Waller has stated that crypto regulation is to protect everyone.
Tron accelerates its plan to collateralize its native USDD stablecoin. Tron will use three separate crypto – Bitcoin, USDT, and TRX – as a way to diversify their reserves.
After Tidex’s IDO launch on June 15th, trading in TDX tokens will commence later on the same day.
Michael Saylor said he is not interested to make any short-term predictions and that his company won’t take any call of selling unless BTC price corrects 95%.
About $360K worth of Bored Ape NFTs were lost after popular crypto chat app Discord fell victim to a “brief exploit”.
The UST crumble, coupled with the inflation, has raised concerns among experts in the crypto community.
Many notable names in the crypto space present at the WEF spoke of the unsustainability of the existing cryptocurrencies.
There are no statements from Binance as it is against the company’s policy to comment publicly on such matters.