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Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Coinbase is a very large organization. As one of the biggest digital currency trading platforms out there, it didn’t reach its present size and scope by sitting around doing nothing, and now, the company is taking even further action by filing a lawsuit against the Securities and Exchange Commission (SEC) and...

After a resilient performance on Tuesday, the crypto market buckled under the strong bearish sentiments created by the SEC’s hawkish regulatory actions. Bitcoin fell below the $27K mark, while Ethereum is barely holding on to $1.8k. Once again, Cardano is taking the major brunt of the widespread FUD in the market. The 7th largest cryptocurrency fell almost 10% over the last week, with most of the loss coming in the last 2 days. Experts are now gravely concerned over the...

At the time Gensler was offered to be an advisor to Binance, he was teaching at Massachusetts Institute of Technology’s Sloan School of Management. According to the lawyers of Binance and its CEO Changpeng Zhao, SEC chair Gary Gensler was offered to be an advisor to Binance’s parent company in 2019. Interestingly, Gensler has been spearheading the crackdown against the crypto industry over the past year. Binance and other crypto companies are currently under the radar of the US regulator...

The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person. As per the lawsuit filed by the US Securities and Exchange Commission (SEC), Binance chief Changpeng Zhao has been summoned to Malta. The SEC has accused the exchange of indulging in shady activities in Malta between 2018 and 2019. Binance chief Zhao cleared the air stating that he won’t need to appear in person to address the summons. “I was told this is just part of the...

Binance is also pausing its OTC Trading Portal services in the US. The exchange said that it will notify users if and when the portal opens in the coming weeks and months.  The US arm of top crypto exchange Binance has removed 10 advanced trading pairs from its platform. In an announcement, the exchange said it would let go of select BTC and BUSD Advanced Trading pairs by 9 am PDT on June 8, 2023. Notably, the company earlier planned to eliminate over 100 crypto assets. The initial...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price is trading in a bearish zone below the $0.90 support against the US Dollar. The price is now trading below $0.89 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.8760 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a steady increase above $85 against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $91.65 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish...

Binance CEO Changpeng Zhao (CZ) has been issued a summons by the U.S. District Court for the District of Columbia following a lawsuit against himself and his exchange on Monday.  The CEO must respond to the summons within 21 days, but is not required to appear in person.  Other entities named in the lawsuit, including Binance and Binance US, must also answer the summons.  “If you fail to respond, judgment by default will be entered against you for the relief demanded in the...

Binance’s U.S. subsidiary announced the removal of over 100 advanced trading pairs on Wednesday and paused its OTC trading portal following legal pressure from the SEC to freeze its assets earlier this week. Some of the targeted pairs include AAVE/USDT, COMP/USDT, EOS/USDT, and BCH/BTC.  Binance US Legal Trouble Binance US did not specify why the sudden pair removals were necessary, but assured users that their assets “remain safe” on the platform. The action will take effect...

The crypto market is back with a bang, spearheaded by popular projects like Pepe and Wall Street Memes, which are both seeing a significant uptick in investor interest. Pepe is now up over 10% in 24 hours, with Bitcoin, XRP, and Lido DAO also seeing significant gains, while the Wall Street Memes presale nears $5m. Prices are rallying across the board as investors recuperate following the SEC’s crackdown on Binance and Coinbase. With PEPE and WSM setting the pace, a wave of...