SEC asks Congress for more cash, takes legal lumps for fibbing in digital currency TRO
The SEC is asking Congress for $2.594 billion in funding for the coming year, justifying the boost based on the “significant growth and change in our markets.”
The SEC is asking Congress for $2.594 billion in funding for the coming year, justifying the boost based on the “significant growth and change in our markets.”
Recent reports allege that Binance had "entered into an agreement to sell the entirety of its Russia business to CommEX," an exchange that launched only the day before.
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
A big chunk of crypto-focused financial losses in Q1 are a result of hacking activities, while rug pulls only make up a mere 4.3% of the criminal pie.
The hackers took over the account for a short time to promote RBH, a scam token on the Binance BNB Chain, and made over $7,000 before the account was recovered.
Binance is reportedly ramping up its legal department amid a DOJ probe and a slew of charges tied to the exchange's alleged money laundering conspiracy and breach of criminal sanctions, among others.
Changpeng Zhao tweeted that his team had persuaded Berik Sholpankulov, the First Deputy of the Governor of the National Bank of Kazakhstan, to test integrating the Digital Tenge with the BNB chain.
A back-door entry for Binance in the Philippines may now be in limbo following the BNB Chain hack last week, sending a signal to regulators about the exchange's security woes.
Not all blockchains are decentralized as they ought to be, with the recent suspension of Binance's BNB Chain as proof, posing risks among enterprises building on this technology in hopes of change.
BNB's price dropped from $293 to $282 after the hacking news broke, though it had recovered slightly at press time.