Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with various asset managers regarding their proposals for spot Bitcoin exchange-traded funds (ETFs). In late November, the SEC met with Grayscale and seven other applicants for spot Bitcoin ETFs. Grayscale, a prominent digital asset management firm, has had multiple meetings with the SEC, including […]
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with various asset managers regarding their proposals for spot Bitcoin exchange-traded funds (ETFs). In late November, the SEC met with Grayscale and seven other applicants for spot Bitcoin ETFs. Grayscale, a prominent digital asset management firm, has had multiple meetings with the SEC, including […]
In a recent revelation, it has been reported that Binance, the world’s largest cryptocurrency exchange, discreetly informed its VIP traders about its impending $4.3 billion settlement with US authorities. This exclusive disclosure took place during a private dinner in Singapore, two months before the official settlement was announced. The event, attended by some of Binance’s […]
In a recent revelation, it has been reported that Binance, the world’s largest cryptocurrency exchange, discreetly informed its VIP traders about its impending $4.3 billion settlement with US authorities. This exclusive disclosure took place during a private dinner in Singapore, two months before the official settlement was announced. The event, attended by some of Binance’s […]
Lawyers representing the United States Securities and Exchange Commission (SEC) and Terraform Labs, along with co-founder Do Kwon, recently clashed in court over allegations of fraud involving the LUNA token. The SEC claims that Terra and Kwon committed fraud, citing evidence provided by an anonymous whistleblower. However, Kwon’s legal team argued that the SEC was […]
Lawyers representing the United States Securities and Exchange Commission (SEC) and Terraform Labs, along with co-founder Do Kwon, recently clashed in court over allegations of fraud involving the LUNA token. The SEC claims that Terra and Kwon committed fraud, citing evidence provided by an anonymous whistleblower. However, Kwon’s legal team argued that the SEC was […]
In a recent revelation, it has come to light that VIP traders on Binance, a major cryptocurrency exchange, were given advance knowledge of the exchange’s massive $4.3 billion fine. This information was reportedly shared during an exclusive dinner in Singapore, attended by key figures including Richard Teng, who was expected to succeed Binance founder Changpeng […]
In a recent revelation, it has come to light that VIP traders on Binance, a major cryptocurrency exchange, were given advance knowledge of the exchange’s massive $4.3 billion fine. This information was reportedly shared during an exclusive dinner in Singapore, attended by key figures including Richard Teng, who was expected to succeed Binance founder Changpeng […]
Paxos, a crypto infrastructure firm, has received in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to introduce stablecoins in the United Arab Emirates (UAE). This means that Paxos will soon be able to issue US dollar-backed stablecoins and provide crypto-brokerage and custody services in the region. The FSRA is a financial regulator […]
