The SEC has filed lawsuits against Coinbase and Binance, categorizing numerous cryptocurrencies, including Chiliz, Flow, Dash, and Near, as securities, further solidifying its aggressive stance on crypto regulation. On May 6th, the…
Category: Blockchain
Coinbase Users Withdraw Over $600 Million in One Day, Here’s Why
From the multiple crashes of last year to the crypto banking saga in March, there are a lot of reasons why investors may be looking for ways to get their funds out…
Robinhood Scrutinizing Tokens Designated as Securities by SEC
Crypto market prices have tumbled significantly since the news began to make rounds. Altcoins like Solana (SOL), Cardano (ADA), Polygon (MATIC) and many other tokens face the possibility of being delisted from…
South Korea Regulator Delays Binance Acquisition of Gopax Due to SEC Lawsuit
While Binance saw the acquisition of Gopax as a means of re-entering South Korea, it was also meant to be a turning point for the local trading platform. The SEC’s lawsuit against…
Sweat Economy to Launch Governance Vote to Decide Fate of 2B Tokens
The new governance requires at least 75,000 votes for the proposal to be either accepted or rejected. Sweat Economy, the label behind the Sweatcoin and Sweat Wallet apps, plans to roll out…
Binance.US Says SEC Lawsuit Is Unjustified
Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good. The United States arm of the Binance exchange, Binance.US has responded to the…
Coinbase to Continue Working as Usual despite SEC Charges, CLO Paul Grewal Tells House Committee
According to Coinbase CEO Brian Armstrong, the company’s legal team is well prepared to represent the crypto industry in court to get regulatory clarity. Amid heightened crypto regulatory scrutiny in the United…
SEC Crypto Crackdown on Coinbase and Binance Generates 444% Spike in DeFi Trading Volumes
Following a recent strike at major crypto exchanges, the SEC has inadvertently caused an over 400% rise in trading volumes on DeFi platforms. The ongoing crypto crackdown by the US Securities and…
SEC Requests Emergency Order in Freezing Binance Funds, Exchange Responds
Binance called the SEC’s actions as somewhat vendetta rather than actual concern for safety of Binance.US customers. The exchange said it remains determined to defend itself in court. A day after filing…
Louis Vuitton Launches Treasure Trunk Digital Collectible Priced at €39,000
Each Treasure Trunk from Louis Vuitton is a soulbound token that opens owners to exclusive experiences and designs. French luxury fashion house Louis Vuitton has launched its iconic travel trunk as a…
