Vitalik Buterin said in a Twitter Space with Eric Wall and Udi Wertheimer that BTC has effectively merged its technical and cultural systems, resulting in “really weird politics holding it back."
Germany’s Bafin had decided against issuing Binance a license to custody digital currencies, stating that this decision had been communicated to the exchange’s local representatives.
Neither the SEC's suit nor the CFTC civil suit filed against Binance/CZ includes money laundering charges—suggesting that the DoJ's long-anticipated criminal case against CZ is just around the corner.
Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is cracking down on.
Most prominent exchanges are likened to casinos and tokens as chips, with no practical purpose, leading to crypto wash trading being endemic to the digital asset sector.
The FT cited five people with knowledge of the matter, one of whom said exchange execs provided external trading houses with "sworn statements that Crypto.com was in no way involved in trading."
Binance Nigeria was ordered to halt operations for operating an unregistered exchange by the country’s securities regulator, but CZ now claims that the entity is a scam.
Challenges plague Binance since the SEC charges came to light, this time concerning its failure to secure a license in the Netherlands and a probe in France tied to alleged money laundering.
With the latest SEC lawsuits, Binance and other exchanges are in hot water, legally and business-wise, as most reasonable investors turn elsewhere with their capital.
Binance faces a series of unfortunate events following the SEC's charges, with Binance.US announcing layoffs and a pay cut, while the exchange's BNB value plummeted.
Nevada-based 'crypto-friendly' payment processor Banq Inc's Chapter 11 bankruptcy filing lists around $18 million worth of assets, nearly all of which consists of the allegedly stolen property.