SEC Chief: Gary Gensler Criticizes Crypto Industry
In his most recent crypto remarks, Gary Gensler singled out Binance, Coinbase, and exhorted crypto projects to comply with regulations. Gary Gensler, chairman of the U.S. Securities and Exchange Commission, used his speech at the Piper Sandler Global Exchange & FinTech Conference to criticize significant crypto exchanges, including Binance, Coinbase, and Bittrex, and to outline […]
CZ Refutes Claims Of User Fund Diversion From Binance
Binance CEO “CZ” refuted allegations that the cryptoc exchange diverted $12 billion of user funds to other companies controlled by the CEO. According to reports, CZ diverted customer funds to a company called Merit Peak. In response to the US Securities and Exchange Commission’s (SEC) complaint, Senators Elizabeth Warren and Chris Van Hollen have asked […]
Adverse Fed Policies Could Restrain Ethereum Price
Mike McGlone, a Bloomberg strategist , asserts that the Fed’s adverse policies and Ethereum’s bleak technical backdrop can impede development. Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is experiencing a rough week after the US Securities and Exchange Commission (SEC) submitted securities violation charges against Binance and Coinbase Exchanges, respectively. At the time […]
Official Launch of Kraken NFT with Polygon Integration
Kraken, a leading cryptocurrency exchange, will launch its NFT Marketplace on the Polygon ($MATIC) network. They announced that Kraken NFTs are officially launch-ready, which means they are no longer in beta. The market could attract NFT artists, enthusiasts, and similar parties. In addition to the blockchain integration, more than 250 collections will be available on […]
US SEC Propose New Rules for Securities-Based Swaps
The US SEC has issued a new set of regulations for all Securities-Based Swap platforms, which includes many cryptocurrency exchanges. The United States Securities and Exchange Commission (SEC) has been in the news recently, and today, the market regulator announced the introduction of new rules to prevent fraud on Securities-Based Swap (SBS) entities. In addition […]