Cathie Wood: Coinbase Could Benefit from SEC Crackdown on Binance
Cathie Wood, a top investor, believes that Coinbase could benefit from the recent crypto crackdown by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Wood criticized the SEC and claimed that the regulator going after Binance, the world's largest crypto exchange, could ultimately help Coinbase.
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.
Animoca Brands Diversifies Beyond USA Amid SEC Lawsuits and Potential Delisting for SAND Token
Hong Kong-based blockchain unicorn Animoca Brands is shifting its focus towards global markets following regulatory scrutiny from the US Securities and Exchange Commission (SEC). The SEC recently labelled Animoca's SAND cryptocurrency as an unregistered security, targeting exchanges such as Binance and Coinbase Global.
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.
Ripple Invests $25 Million in Financial Inclusion to Make Global Financial Services More Equitable
Ripple Labs Inc, known for its cross-border payment processing using On-Demand Liquidity, has invested $25 million in NGOs to promote financial inclusion globally. This is part of the company's Ripple Impact Initiative, which has donated a total of $170 million since 2018 towards areas such as blockchain research, sustainability, employee impact, and philanthropy.
eToro Commits to Crypto and Working with Regulators Amid SEC Lawsuits Against Binance and Coinbase
eToro, a financial trading platform, has stated its commitment to cryptocurrency and working with regulators following the recent lawsuits against Binance and Coinbase by the SEC. The platform currently offers 80 cryptocurrencies, including some that have been deemed unregistered securities by the SEC.
SEC Accountant Alleges Binance and CEO Moved “Large Amounts of Money” From 2019 To Present
According to a court filing released on Wednesday, an accountant for the US Securities and Exchange Commission claims that Binance, CEO Changpeng Zhao, and related entities moved "large amounts of money" from 2019 up to this year. Binance and its entities held numerous accounts with the now-failed Silvergate Bank and Signature Bank during that time, with large amounts of money flowing in and out of the accounts.
Cardano Creator Warns SEC Lawsuit Against Binance Is Part of Crypto Suppression Efforts, Says End Goal Is a CBDC
Charles Hoskinson, the creator of Cardano (ADA), believes that the recent legal action taken by the U.S. Securities and Exchange Commission (SEC) against Binance is part of a larger effort to suppress the digital assets industry.
BNB Price Eyes Technical Bounce Despite SEC Lawsuit Impact
Since the SEC filed a lawsuit against Binance on June 5, the market capitalization of BNB has decreased by over $7 billion. BNB has dropped almost 15% this week due to the impact of the lawsuit. The SEC has requested that Binance's U.S. assets be frozen worldwide, which could force the exchange to repatriate customers' fiat currency and crypto assets.
Binance Lawyers Call for SEC Chair Gensler's Recusal in Case Due to Job Offer and Informal Advisor Status
Binance has reiterated its request for SEC Chair Gary Gensler to remove himself from the agency's case against the exchange due to his past interactions with Binance. The exchange claims that Gensler once offered to serve as an advisor to the exchange and had lunch with Binance CEO Changpeng Zhao in 2019 to discuss BNB and launching a US offshoot.
