Tag Archives: CFTC

The Radiant Capital-Binance Launchpool development reflects the growing dynamism in the exchange’s staking platform.  Decentralized, non-custodial lending protocol Radiant Capital (RDNT) has become the 32nd project onboarded to the Binance Launchpool. Reports say users can stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm RDNT tokens across 40 days. Farming commences on March 31st with a total Radiant Capital token supply of 1,000,000,000 RDNT. Binance also...

The collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading. A new report from The Information suggests that Gemini will soon launch an international cryptocurrency derivatives exchange. According to the report, Gemini has been silently working behind the scenes in the past few months to bring the plan to fruition. As part of its efforts, the exchange has reportedly reached out to several firms that can provide it with enough...

Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. A person familiar with the matter...

The crypto analytics provider – Santiment – revealed that almost 90% of Ethereum’s supply is currently stored in self-custody addresses. The last time the figure was so high was in 2015, shortly after the protocol’s native token saw the light of day.  The new data comes at a time when investors seem to have lost some of their faith in centralized exchanges. Withdrawals from Binance soared in the past 24 hours, prompted by the recent clash between the platform and the CFTC. ...

CZ recently rebuffed the CFTC complaint calling for a permanent US injunction against Binance and its executives. Binance CEO Changpeng ‘CZ’ Zhao has responded to the Commodity Futures Trading Commission (CFTC) complaint against the exchange. Responding to the federal agency’s call for a US injunction against Binance, CZ raised several issues alleged in the complaint. CZ also said that the CFTC filed the “unexpected and disappointing civil” complaint despite Binance’s prior cooperation...

Since the time of the auction and the bidding process, US regulators have expressed a lack of confidence in the sale of the company to Binance. Judge Jennifer Rearden, a new Federal Judge for the US District Court in New York has temporarily halted the proposed sale of Voyager Digital to Binance.US. According to the judgment passed, the proposed $1 billion sale will now only be concluded once a decision has been made concerning the final details of the bankruptcy proceedings. The decision...

Hundreds of millions of dollars in crypto was withdrawn from Binance shortly after the exchange was slapped with civil charges by US regulators on Monday, on-chain data shows.  According to Nansen, the exchange has experienced $400 million in net outflows over the past 24 hours alone. By comparison, Binance has undergone over $2 billion in outflows over the last seven days, meaning Monday was above average.  Meanwhile, entities Nansen calls “smart money” traders withdrew at...

A US Federal regulatory agency just filed a lawsuit against Binance – the world’s largest crypto exchange – for a sweeping range of regulatory violations, spooking Bitcoin back down to $27,000.  Here’s what the Commodities and Futures Trading Commission (CFTC) believes the company and its CEO, Changepeng Zhao (CZ), are guilty of. Binance’s Violations According to the CFTC’s complaint, Binance has accepted orders and facilitated trade involving multiple digital assets for...

The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M. According to reports, developers behind crypto lender Kokomo used Wrapped Bitcoin (wBTC) to perpetuate a $4 million exit scam. A CoinDesk report alleges developers pulled off the scam over the weekend after manipulating tokens to steal millions in user funds. The report further stated that these developers attacked the smart contract of wrapped...

The Commodity Futures Trading Commission (CFTC) announced the addition of key industry members to the newly constituted Technology Advisory Committee (TAC). The official press release stated that the agency has appointed White House official Carole House as the new chair, while blockchain analysis company TRM Labs’ Ari Redboard has been onboarded as the vice chair of its Technology Advisory Committee. Committee Members The Technology Advisory Committee will be joined by...