Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.
The U.S. securities regulator charged several well-known celebrities, including actress Lindsay Lohan and social media personality Jake Paul, with participating in paid promotional schemes for digital assets without disclosing their compensation.
The SEC claims TRX and BTT prices were driven by "wash trading," Sun and his employees manipulated prices for those assets with over 4.5 - 7.4 million tokens used in 600,000 fake trades between 2018 and 2019.
The job cuts at the start of 2022 are not stopping Huobi from expanding into other markets, as it bares its plan to apply for a trading license in Hong Kong and create a new entity.
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.
After unveiling its global expansion strategy and barely a week after dispelling rumors of a merger, Huobi join hands with Poloniex in an effort to provide fresh offerings to users.
Changpeng Zhao leverages FTX's downfall to paint a picture of Binance as a savior of fallen digital asset projects in a bold attempt to wash away the reputational stains of the 'crypto' industry.
This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations that threatens to engulf the entire digital asset sector.
The “crypto bros” self-serving response to Russia’s war on Ukraine is providing all the ammunition regulators need to bring the hammer down on their laser-eyed heads.
The lawsuit concerns the seizure of $5 million of Steem tokens from some 65 accounts in May 2020, which was tracked to the exchange.
Steem is going to freeze roughly $5 million in Steem tokens that belong to supporters of Hive.IO.
Tron has received $2.4 million from the U.S. government, and that the company is expecting to receive another cash assistance in the future.
