The Philippines Securities and Exchange Commission (SEC) recently issued a cautionary advisory regarding Binance, one of the world’s largest cryptocurrency exchanges, and its operations within the country. The advisory, released on November 28, warns that Binance is not registered as a corporation in the Philippines and operates without the necessary license and authority. While the
Exchanges
Coinbase, one of the leading cryptocurrency exchanges, dropped a bombshell this week when it announced that it had received a subpoena from the U.S. Commodity Futures Trading Commission (CFTC). In an email sent to its users, Coinbase revealed that it was requested to provide information about its users’ accounts and transaction activity, although the specifics
The digital asset investment market has experienced a remarkable influx of capital in recent weeks, marking a significant turning point that reflects renewed investor enthusiasm. CoinShares’ latest data reveals that the total assets under management (AuM) in digital asset investment products have reached a staggering $45.3 billion, propelled by a consecutive nine-week run of inflows.
In a surprising move, Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, recently announced plans to reward users and cover losses. On November 24th, Sun took to social media to express his deepest apologies to the users affected by the hacker attacks on HTX and Poloniex and reassured them that all
Former Binance CEO Changpeng Zhao recently faced a temporary restriction on his social media profile on X, which sparked controversy and raised questions about the platform’s policies. This article examines the incident, explores the reasons behind the restriction, and delves into the implications it has for both Zhao and the broader social media landscape. On
The U.S. Department of Justice (US DOJ) has taken action to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States before his sentencing. This move comes after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations and agreed to pay a staggering $4.3 billion to settle
The imminent closure of Bittrex Global, a well-known cryptocurrency exchange, has had a significant impact on the price of Bitcoin (BTC). According to data from the exchange’s website, the BTC/US Dollar pair surged to an astonishing $46,300 before retracing to $44,613 at the time of writing. This price is significantly higher than the current average
In a shocking turn of events, Binance CEO Changpeng Zhao, commonly known as CZ, has reportedly pled guilty to violating U.S. anti-money laundering requirements. This startling news comes alongside reports that Binance itself will also plead guilty to money laundering violations. As a result, CZ will be stepping down from his role at the exchange,
Bittrex Global, a popular cryptocurrency exchange, recently delivered a significant blow to its users by revealing its decision to wind down most of its operations. This unexpected announcement has left many customers feeling disappointed and inconvenienced. As of December 4th, Bittrex Global will disable all trading activity on its platform and terminate its client relationships.
The South Korean National Pension Service (NPS) has made a significant profit of 40% from its recent investment in Coinbase, a leading cryptocurrency exchange based in the United States. This comes as a surprise, as the NPS typically avoids direct investments in cryptocurrencies due to their volatile nature. Instead, the fund seeks exposure to the
