Ripple Lawsuit Outcome to Impact SEC's Legal Cases Against Binance and Coinbase, Says MetaLawMan
Crypto-friendly legal analyst MetaLawMan has stated that the outcome of the SEC vs. Ripple lawsuit will have a significant impact on the commission's cases against Binance and Coinbase. If Judge Torres rules that XRP tokens trading on secondary markets are not securities, it would undermine the basis of the SEC's case against Coinbase and much of the Binance case.
Poolin Miner Pool Sends 1,200 Bitcoin to Binance Amid Distress
According to CryptoSlate, a large amount of Bitcoin was recently transferred from miner balances to exchanges. Further investigation has revealed that a significant portion of this outflow was from the Poolin miner pool, which sent 1,200 Bitcoin to Binance on June 5th. This brings their total BTC outflow to 5,800 since May 30th.
Binance Launches Summer Internship Program With 23 Selected Interns From 8,000+ Applicants
Binance has launched a ten-week summer internship program, selecting 23 interns from over 8,000 applicants. The program aims to offer hands-on experience and training in the ever-evolving crypto space, with a goal of increasing adoption rates in Web 3 communities and projects.
Crypto Community Stands United with 'Stand With Crypto' NFTs Amid SEC Lawsuit Against Binance and Coinbase
The SEC has filed a lawsuit against Binance and Coinbase, accusing them of violating federal security laws. This has caused a drop in the value of cryptocurrencies and has left many token traders worried about future crypto regulations.
Binance Launches New Batch of Cloud Mining Products for Bitcoin Mining Amidst Regulatory Actions
Binance has announced the launch of a new batch of Cloud Mining products for BTC mining, which will be available for subscription starting June 8.
SEC Asks Court To Allow ‘Alternative Means’ of Serving Documents on Binance and CEO as CEO Hides His Whereabouts
The U.S. Securities and Exchange Commission (SEC) is asking a court to allow "alternative means" of serving documents on cryptocurrency exchange Binance and its CEO Changpeng Zhao, as the executive is "known for protecting his whereabouts." The SEC on Monday sued Binance and Zhao for violating securities laws and asked the District Court for the District of Columbia to allow it to serve any legal documents during the investigation leading to the legal case by sending copies of the documents to attorneys representing the parties. The move hits the heart of the struggling crypto industry, with the SEC's regulatory web now covering $120 billion in cryptocurrencies following the actions by Coinbase and Binance.
Binance CEO Warns Employees About Private ‘Ranting’ That Could Show Up in Court
Binance CEO warns employees to be wary of private conversations as it could lead to court action and damage the company's reputation. Anything you say could, and will, show up in court (or on the internet), and this warning comes after the SEC sued Binance, citing chat records, alleging executives knowingly broke the law. Changpeng Zhao called it "outrageous" but said lawyers would handle the matter.
Binance CEO CZ Issued a Letter to All Employees, Emphasizing That the SEC’s Use of Employee Chat Records as Evidence Is Absurd and Called on Employees To Seriously Consider Their Career Choices
Binance CEO CZ issued a letter to all employees, emphasizing that the SEC’s use of employee chat records as evidence is absurd, and called on employees to seriously consider their career choices and not waste their lives on jobs they don’t like. At the same time, he said that Binance will still adhere to high ethical standards and protect the interests of users. In addition, CZ also shared a tweet about Binance Pay’s cooperation with Latin America and thanked users for their support in building the company.
Binance Accused of Misleading US Lawmakers About Business Dealings and Relationship with Local Unit
Binance is facing allegations that it misled US lawmakers about its business dealings and relationship with its American unit. Senators Elizabeth Warren and Chris Van Hollen have asked the Justice Department to investigate whether Binance made false statements to Congress earlier this year.
Binance Hit with Massive Outflow of Funds Amid SEC Lawsuit, OKX Emerges as Beneficiary
Binance, a major cryptocurrency exchange, has experienced a massive outflow of funds worth $850 million in the last 24 hours and $2 billion in the last seven days, according to DefiLlama. This comes after the SEC filed a lawsuit against Binance, Binance US, and its CEO for alleged violations of US securities regulations.
