Tag Archives: sec

Wird Binance sein US-Geschäft aufgeben müssen? Die grossen Kryptobörsen haben stürmische Monate hinter sich, doch die schlechten Nachrichten reissen nicht ab. Im Fadenkreuz diesmal: Branchenprimus Binance. Die US-Börsenaufsicht SEC hat gestern stolze 13 Klagen gegen das Unternehmen sowie deren Gründer Changpeng Zhao eingereicht. Die Vorwürfe dabei wiegen schwer: Der Anbieter habe unter anderem auf illegale Weise Finanzgeschäfte und Dienstleistungen...

Representatives from Coinbase, Robinhood, and the Commodity Futures Trading Commission, among others, will speak at a House Agriculture Committee hearing on digital asset regulation about the recently released draft crypto bill. United States legislators put forth a crypto bill to provide clear regulations for cryptocurrency, its users, and companies. The 162-page bill attempts to establish regulatory jurisdiction and definitions. However, it was also acknowledged that the bill would...

The US SEC has mysteriously deleted Hinman’s biography from its website ahead of the court’s imminent order to disclose unredacted emails from Hinman’s communications. The United States Securities and Exchange Commission (SEC) erased the biography of former commissioner William Hinman from its website eight days before the court demanded the financial watchdog to provide unedited copies of all of Hinman’s emails in its case against Ripple Labs. Before now, the SEC’s website contained...

The CFTC has officially given Cboe Digital the approval it needs to offer margined futures contracts trading to clients. Cboe Global Markets’ digital asset exchange has received approval to allow users to trade crypto futures contracts. Customers of the Cboe Digital platform will now trade Ether (ETH) and Bitcoin (BTC) futures contracts later this year following the CFTC’s approval for an amended order of registration. The Commodity Futures Trading Commission (CFTC) gave Cboe Digital...

After SEC’s action on Binance, Bitcoin and the broader crypto market tanked instantly. Altcoins face heavy correction to the tune of 7-8% with Binance BNB suffering the most. The filing of the lawsuit by the US SEC against crypto giant Binance sent shockwaves across the entire cryptocurrency market on Monday, June 5. Over the last 24 hours, Bitcoin (BTC) and the broader cryptocurrency market have corrected by over 4%. As of press time, the Bitcoin (BTC) price is down by 4% and is...

On Monday, the U.S. Securities and Exchange Commission (SEC) pressed a slew of charges against Binance, marking one of the agency’s most significant enforcement actions against the crypto industry in history.  Let’s have a look at the regulator’s most stunning allegations against the exchange, alongside Binance’s response to its claims.  What Did Binance Do? The 136-page filing accused Binance and Binance US of partaking in “unregistered offers and sales” of crypto asset...

The U.S. Securities and Exchange Commission (SEC) has mysteriously removed former commissioner William Hinman’s biography from its website. This occurs only 8 days before the court requires the SEC to provide unredacted copies of all of Hinman’s emails – widely viewed as paramount to the agency’s lawsuit with crypto industry giant Ripple.  Are Hinman’s Emails the Smoking Gun? On the SEC’s site, Hinman’s biography now only includes his name, photo, and his previous role as the...

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance – the world’s largest crypto exchange – on Monday, alongside its CEO Changpeng Zhao (CZ) and partner firm, Binance US. Allegations include securities law violations such as self-dealing market manipulation, and the sale/offer of multiple unregistered securities.  According to a press release from the SEC on Monday, the agency alleged that both Binance and Binance US operated “unregistered...

In addition to the series of layoffs, Spotify was forced to cancel 11 original podcasts from its in-house studios including ‘How to Save a Planet’, ‘Crime Show’, and ‘Medical Murders’. Music streaming platform Spotify Technology SA (NYSE: SPOT) has announced plans to cut its workforce by 2% leaving up to 200 employees without jobs. According to the announcement, Spotify is carrying out this exercise as part of an effort to diversify how the company handles partnerships with podcasters...

As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal. The long-awaited conclusion of the Credit Suisse Group AG (SWX: CSGN)  acquisition by investment banking giant UBS Group AG (SWX: UBSG) may happen “as early as June 12”. This will signify the birth of a massive Swiss bank with a balance sheet of $1.6 trillion. All that is left for the deal to be completed is its...