Former Binance.US CEO Catherine Coley, who is transparently known as “BAM CEO A” in the suit against Binance filed by the United States Securities and Exchange Commission (SEC) on June 5, has kept a low profile since her departure. However, she provided testimony to the SEC in 2022 when it was investigating the company for insider trading. That testimony has…
Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission (SEC) against Binance entities and their leadership. “After careful consideration, Binance.US will remove selected Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT. We have also decided…
A new phase in the Tel Aviv Stock Exchange’s integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token. The bond mint is part of the proof of concept (PoC) phase of Project Eden, a partnership between the Israeli Ministry of Finance and the stock…
Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some…
Cointelegraph presents Pitch Room, a new stage in the effort to boost innovation in the crypto space, dedicated to investors interested in deal flow. Pitch Room opens doors for promising startups in the Web3 space, exploring new markets and building solutions with the potential to disrupt the industry. Investors can view a one-page summary of each company, a two-minute elevator…
Outgoing Montenegro Prime Minister Dritan Abazovic has reportedly urged the Special State Prosecution to initiate an investigation into allegations of business connections between Do Kwon, the founder of the defunct cryptocurrency project Terra, and Milojko Spajic, the leader of the Europe Now political movement. According to a Balkan Insight report, the allegations of business relations between Do Kwon and Spajic…
This week has seen Noel Gallagher’s High Flying Birds—the current band of the famed Oasis rocker—locked in a battle with the Foo Fighters in a bid to top the Official UK Album Charts. And now Gallagher is turning to music NFTs to potentially help close the gap between them. Noel Gallagher released “Council Skies,” his fourth studio album with the…
In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange. Most likely, the U.S. population will be barred from using the international version of Binance, and those who opt for VPN services will be at risk of being prosecuted. Pechman believes…
Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows. According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles. On-chain losses “remain quiet” BTC/USD dipped to just $25,350 on June 6, its lowest since mid-March — but it seems existing holders simply do not care. The latest data…
Blockchain Association CEO Kristin Smith said that while the SEC’s approach to regulation is expected due to its anti-crypto stance, it’s still “unacceptable.“ Source: https://cointelegraph.com/phpPgAdmin/index.php/news/sec-lawsuit-binance-coinbase-crypto-industry-comments
