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SEC Dismisses Binance’s Arguments in Its Latest Filing

By Babafemi Adebajo Nov 9, 2023

Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance.

Binance News, Blockchain News, Cryptocurrency News, News

Binance Phasing Out Support for BUSD Stablecoin by Q1 2024

By Godfrey Benjamin Aug 31, 2023

Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7.

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PayPal Confident in Its Stablecoin despite Sector Complexity

By Godfrey Benjamin Aug 9, 2023

PayPal’s recent entry into the stablecoin arena with PYUSD is marked by both anticipation and caution. Despite the promising prospects of stablecoins, challenges, and uncertainties loom on the horizon. 

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Poly Network Suspends Operations after Attackers Mint Billions of Tokens

By Bhushan Akolkar Jul 3, 2023

The attackers manipulated nearly 57 assets across 10 different blockchains and created nearly $42 billion in tokens immediately after the attack.

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Binance.US Solves USD Withdrawal Problems but Warns that Solution Is Only Temporary

By Tolu Ajiboye Jun 23, 2023

Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT.

Altcoin News, Bitcoin News, Blockchain News, Cryptocurrency News, Ethereum News

Bitcoin and Ethereum Under Howey Test Are Commodities Not Securities

By Steve Muchoki Jun 22, 2023

The United States SEC has argued that almost all crypto assets are unregistered securities but experts see it differently for Bitcoin and Ethereum.

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Binance CEO Refutes Claims of Exchange Selling Bitcoin to Stabilize BNB Price

By Chimamanda U. Martha Jun 14, 2023

Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market.

Altcoin News, Bitcoin News, Cryptocurrency News, News

Bitcoin Price Stabilizes in $26K Range Following Recent Regulatory-Induced Volatility

By Tolu Ajiboye Jun 13, 2023

The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.

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Binance.US Suffers 78% Market Crash since US SEC Lawsuit

By Tolu Ajiboye Jun 13, 2023

Binance.US experienced a significant market crash following the lawsuit slammed on the company by the US SEC last week.

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SEC Accuses Binance of Commingling User Funds and Other Malpractices, Designates MATIC, SOL, Others as Securities

By Tolu Ajiboye Jun 6, 2023

According to the SEC in a recent lawsuit, Binance deliberately broke several rules and secretly funneled customer funds via a separate entity.

Altcoin News, Blockchain News, Cryptocurrency News, News

Tether (USDT) Stablecoin Market Dominance Rises as USDC Declines amid Global Economic Woes

By Steve Muchoki May 29, 2023

Tether USDT recently announced that it will regularly allocate up to 15 percent of its net realized operating profits towards purchasing Bitcoin as a reserve currency.

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SEC Issues Enforcement Action Notice to Coinbase over Potential Violations of Securities Law

By Tolu Ajiboye Mar 23, 2023

Amid its ongoing crackdown on crypto entities, the SEC issued an enforcement action Wells notice to Coinbase.