With its progressive stance on cryptocurrencies, Hong Kong’s legislator invites Coinbase and other crypto exchanges to establish operations in the region, fostering a favorable environment for the industry’s growth. Legislative Council member Johnny Ng took to Twitter, expressing support and offering assistance to crypto trading operators like Coinbase. He also hinted at potential stock listing opportunities. This comes in the…
Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve regulatory cryptocurrency, “even if it takes a while.” However, he believes this is the vital component to luring entrepreneurs back to the country. Armstrong sat down for an interview with Wall Street Journal on June 11, just days after the SEC filed a lawsuit…
The names of FTX’s individual customers will not be revealed to the public in an effort to protect them from potential scams and identity theft. Source: https://cointelegraph.com/public/index.php/news/ftx-permission-permanently-redact-customer-names
Bankrupt cryptocurrency exchange FTX has been granted permission to remove individual customers from all court filings in its bankruptcy case. Meanwhile, the names of companies and institutional investors will be sealed for another 90 days. In recent times, mainstream media outlets have pushed for access to the list of FTX customers, arguing that the press and public have a “presumptive…
In a court ruling that could have broad implications for the popular Decentralized Autonomous Organization (DAO) structure, a federal district judge ruled in favor of the Commodity Futures Trading Commission (CFTC) and its civil enforcement action against the Ooki DAO last year. In what the CFTC declares “a sweeping victory,” the court found that the DAO is a “person” under…
According to Nigeria’s securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. Source: https://cointelegraph.com/app/public/index.php/news/nigeria-regulator-halts-binance-operations-report
Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens, and failing to register as…
The U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, has been clamping down big time on the cryptocurrency industry. This week it filed charges against Coinbase and Binance, the two largest cryptocurrency exchanges, for violating U.S. securities laws—claimed some cryptocurrencies are unregistered securities, while others remained, puzzlingly, unmentioned. In fact, of the countless cryptocurrencies on the market, only…
Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase. As compared to daily averages, new users in the region increased by 43% from June 6 to 9, with Brazil and Argentina leading market share growth, a spokesperson from Bitget told Cointelegraph. According to the…
The multimedia artist has embraced the blockchain as a means to safeguard his work and explore the intersection of technology and humanity. Source: https://decrypt.co/144033/foodmasku-food-mask-proof-of-eat-nft
