Tag Archives: Exchange News

Could a crypto world exist without Binance? Many analysts and traders are weighing in on this subject given the world’s largest digital currency exchange is facing a huge lawsuit from the Securities and Exchange Commission (SEC). Could Binance Come to an End? Not long ago, the SEC filed charges against Binance and claimed the company had broken securities laws for many years. It also said Binance had commingled company funds with those of customers. The exchange...

Japan just established a whole new level of clarity to its crypto tax agenda. Up to this point, all unrealized gains from crypto assets were subjected to the country’s present 30 percent corporate tax rate, though now, it appears this is coming to an end. Japan is Putting an End to Some Crypto Taxation The news came from Japan’s National Tax Agency (NTA). The agency explained in a statement that crypto assets will be excluded from any company’s asset valuation...

Coin Ex is a digital currency exchange based in Hong Kong. Not long ago, the company was faced with a lawsuit from New York Attorney General Leticia James, who said the firm had violated various financial laws and put traders and investors in danger. Coin Ex Settles, Set to Exit America Now, it looks like Coin Ex has agreed to settle with James for nearly $2 million to get the suit off its back. In addition, the company is also ceasing all its U.S. operations, and...

Kevin O’Leary – a wealthy investor and the star of the show “Shark Tank” – says it’s time for the current CEO of Coinbase, Brian Armstrong, to be fired, and that a new CEO that will work hand in hand with the Securities and Exchange Commission (SEC) should be brought aboard. Kevin O’Leary on the Coinbase Lawsuit Not long ago, the SEC announced plans to sue Coinbase, claiming it was operating as an unregistered broker. O’Leary believes it’s time to take Armstrong...

Many crypto investors are working hard to get rid of their altcoins out of fear that several of them are going to get delisted thanks to ongoing action from the Securities and Exchange Commission (SEC). SEC Action is Making Traders Wary The financial agency has been working hard to practically eliminate crypto altogether from the American monetary spectrum. There have already been multiple lawsuits filed against some of the nation’s leading digital currency...

The identities of customers affected by last November’s FTX collapse can stay hidden per a bankruptcy judge in Delaware. Judge John Dorsey – the man overseeing the case involving the now notorious exchange’s asset liquidation process – says all names of former traders associated with the firm fall under the category of “trade secrets.” FTX Customers Can Stay Out of the Public Eye He explained in a recent interview: It’s the customers that are the most important...

Do the present lawsuits against Binance and Coinbase raise any red flags? A law professor at Rutgers University named Yuliya Guseva believes they do, and she thinks it’s highly unlikely nations like the U.S. will be able to dole out proper regulation before financial agencies do irreparable damage. Yuliya Guseva on the State of Crypto in America In a recent interview, Guseva said: The future of crypto-asset regulation in the U.S. is not fully predictable. Right...

Has justice arrived in the Mt. Gox case? Perhaps that’s the scenario as after nearly ten years, two Russian men have been charged with conspiring to steal more than 600,000 bitcoin units. Is the Mt. Gox Case Coming to an End? The federal government has laid charges out against Alexey Bilyuchenko and Aleksandr Verner. They’re accused of conspiring to launder as much as 647,000 BTC funds stolen from the exchange. At the time of the theft, these units would have been...

Merely hours after the Securities and Exchange Commission (SEC) filed lawsuits against both Binance and Coinbase – two of the biggest and most popular digital currency trading platforms in the world – the agency’s head Gary Gensler made comments that the entire crypto industry is “built on non-compliance” and that the U.S. doesn’t “need more digital currency.” The SEC Is Mixed Up With that latter comment, it truly becomes clear what Gensler is all about… Getting...

Just yesterday, it was announced that popular digital currency trading platform Coinbase was being sued by the SEC. The news came as a shock to many, and it’s clearly another step in the agency’s agenda to rid the country of crypto for good. Coinbase Gets Its Way Against the SEC The good news is that Coinbase doesn’t appear to be taking the abuse sitting down, and it recently got a legal win in its corner. Not long ago, the exchange made headlines when it filed...