Binance CEO Dismisses Criticism, Claims ‘no liquidity issues’
Changpeng Zhao stated that despite the FUD, the crypto industry has scored a number of significant victories in recent weeks. Changpeng ‘CZ’ Zhao, co-founder and CEO of Binance, has dispelled recent rumors about his company, affirming that its balance sheet and employee retention remain robust despite recent market volatility. In a Sept. 7 post on […]
Bankruptcy judge has permitted FTX to sell LedgerX, other assets
The assets that will be sold include the platform LedgerX, Embed and its regional arms, FTX Japan and FTX Europe. The judge presiding over the FTX bankruptcy proceedings has given the struggling cryptocurrency exchange permission to sell some of its assets to help it pay off its creditors. The sale of four important FTX units […]
Brazilian President Signs Crypto Bill Into Law
Brazil President Jair Bolsonaro approved a crypto regulation bill recently passed by that country’s Chamber of Deputies and the Senate. A bill intended to legalize the use of cryptocurrencies as a form of payment within the country has been approved by Jair Bolsonaro, the president of Brazil who is scheduled to step down on December […]
3AC bankruptcy faces issues amid unknown location of founders
The liquidators claim 3AC Co-founders are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce. Judge Martin Glenn ruled on Dec. 2 during a virtual hearing for the Southern District of New York Bankruptcy Court that Three Arrows Capital (3AC) liquidators must provide more paperwork before he will allow them […]
SEC Emphasizes Crypto Enforcement Cases To Legal Experts
Gary Gensler referenced the SEC ‘s actions as instances of how the agency has enforced securities laws to support his position. As part of the “economic realities” of securities regulation, United States Securities and Exchange Commission Chair Gary Gensler mentioned significant enforcement proceedings against crypto businesses. Gensler referenced examples of SEC enforcement against crypto lending […]