Binance plans to hire 1,000 new employees this year, with a substantial focus on compliance roles. A large portion of these hires is specifically aimed at expanding the company’s compliance team from its current 500 members to 700 by the end of 2024. CEO Richard Teng, who is currently in the US for discussions with monitors and officials, shared these hiring targets in an interview with Bloomberg News in New York on Wednesday. Focus on Compliance Bloomberg’s report revealed...
Read More »Terraform Labs Faces Crucial Chapter 11 Hearing on September 19 amid Bankruptcy Crisis
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Read More »SEC Charges NovaTech Promoters in Alleged $650M Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its principals, Cynthia and Eddy Petion, for allegedly organizing a crypto fraud that defrauded over 200,000 investors worldwide, including many within the Haitian-American community. The SEC’s complaint details that NovaTech, under the leadership of the Petions, was promoted as a multi-level marketing (MLM) and crypto asset investment program. $650 Million Crypto Ponzi Scheme...
Read More »XRP Lawsuit: SEC Has Only 10% Chance of Winning an Appeal, Ripple CLO Boasts
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Read More »Coinbase Blasts SEC’s Arbitrary Approach to DEX Compliance
Coinbase submitted its third comment letter highlighting significant flaws in the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter argued that the agency has failed to assess the rule’s economic impact on efficiency, competition, and capital formation. Despite acknowledging a lack of critical information on decentralized exchange (DEX) operations and compliance costs, Coinbase said the SEC has proposed vague benefits that...
Read More »US Court of Appeals Revives HEX Manipulation Case against Binance.US
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Read More »XRP Ledger Makes History with 90 Million Ledgers Closed
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Read More »XRP Options Market Surges as Traders Bet on $1.10 Price Spike by End of August
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Read More »XRP Whale Holdings Hit All-Time High Amid Ripple v SEC Lawsuit Update
XRP has decoupled from the broader crypto market, outperforming all top assets in terms of daily gains. While the rest of the market struggles, XRP experienced a sharp price increase of nearly 20% in the past day, reaching $0.64 on Thursday before slightly retracing to $0.61. As a result of the continued uptrend, XRP has managed to post an impressive 42% in monthly gains. This bullish trend is backed by a certain group of whale wallets that have accumulated a significant...
Read More »SEC and Ripple Mighty Pursue Appeal after Landmark Ruling
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