Tag Archives: Exchange News

The U.S. Commodity Futures Trading Commission (CFTC) is suing Binance and its founder Changpeng Zhao after the crypto exchange allegedly violated the Commodity Exchange Act and other regulations. The CFTC Is Going After Binance The agency claims Binance has had no regard for current financial laws and has been violating them for the past several years. Heads of the CFTC are now seeking financial penalties and a permanent ban in the United States. CFTC chair Rostin Behnam...

Sam Bankman-Fried – the former crypto executive behind popular digital currency trading platform FTX – has been charged with violating the Foreign Corrupt Practices Act by allegedly attempting to bribe officials from China. Sam Bankman-Fried Is Facing New Charges Prosecutors claim that Sam Bankman-Fried attempted to send money to Chinese officials so they would unfreeze roughly $1 billion under his name. The money is being held through his secondary company Alameda...

The relationship between Venezuela and crypto has always been a bit wonky, and this month is no exception. The arrest of the nation’s superintendent of crypto assets Joselit Ramirez has caused a huge uproar in the nation, and President Nicolas Maduro has ordered the region to completely upend its digital currency regulatory agency. Venezuela Is Acting Fishy Regarding Crypto Right now, it is widely rumored that all the crypto exchanges that have been established in...

Binance – the world’s largest and most popular digital currency exchange per daily market data – gave traders a bit of a scare in late March when it put a temporary halt in place on spot trading, citing system glitches as the reason for doing so. The move only lasted a few hours and trading was quickly restored on the platform, but it had a few people shaking in their boots. Binance Briefly Stopped Trading Over a Month Ago The trading firm issued a statement claiming...

Just a day ago, we talked about how Coinbase was served a Wells notice by the Securities and Exchange Commission (SEC). The situation is scary given that Coinbase has met with the SEC over 30 times in recent years, and thus the exchange really doesn’t appear to be in a position of any wrongdoing. The situation just comes off as more evidence that Biden and his nation and innovation-hating cronies will do anything to ensure crypto dies in America and that residents cannot...

Coinbase just can’t seem to catch a break. Not long ago, the company was the subject of a lawsuit that’s now being examined by the U.S. Supreme Court, and the trading platform is also the receiver of a Wells notice sent by the Securities and Exchange Commission (SEC), proving once again that the agency has just become a complete bully to all digital currency firms. Will the SEC Go After Coinbase? To be clear, Coinbase has not been charged with anything at the time of...

A crypto-centered lawsuit with popular digital currency exchange Coinbase as the defendant is heading to the Supreme Court. This marks the first time such a high-ranking court in the U.S. has ever considered such a case. The Supreme Court Is Examining a Coinbase Suit The plaintiff is a man who was, at one point, a customer of Coinbase. It’s alleged the man gave a scammer (who was pretending to be a representative of PayPal) remote access to his Coinbase account. This...

NatWest – a retail and commercial bank – is limiting how much money its customers can transfer to digital currency exchanges as a means of preventing fraud. NatWest Is Halting Major Crypto Activity Customers of NatWest will no longer be able to transfer more than 1,000 pounds to crypto exchanges. They also cannot exceed 5,000 pounds per month. The bank put out a statement claiming there are too many “crypto criminals” out there, and it doesn’t want its customers taking...

Open banking firm Tarabut Gateway is joining hands with Bahrain-based crypto exchange Rain to ensure customers can add digital currencies to their wallets for less money and in half the time. Rain and Tarabut Will Work to Ensure Things Move Faster Transactions are set to be sped up tenfold through the partnership. Customers can also top up on their wallets without having to leave the Rain platform. In addition, errors from traditional bank wire transfers are slated to...

Binance – the world’s largest and most popular digital currency exchange – is converting more than $1 billion of its stable currency BUSD (Binance USD) into bitcoin, Ethereum, and various other digital assets. Binance Is Converting a Lot of Its Stable Asset The news came about in a tweet issued by the company’s CEO Changpeng Zhao, who stated: Given the changes in stablecoins and banks, Binance will convert the remaining of the one billion Industry Recovery Initiative...