IOG Defends ADA Against SEC’s Security Claims
IOG, the development company behind Cardano, has rejected the SEC’s allegations that ADA is a security under U.S. laws. The company has stated that the SEC’s lawsuits against Binance and Coinbase, which listed ADA among other tokens, contained factual inaccuracies and did not affect its operations. IOG also emphasized its commitment to collaborating with regulators […]
SEC Chair Offers to Serve as Advisor to Binance – Report
Amidst the SEC-Binance lawsuit, Binance’s attorneys have revealed that the Chairman of the Securities and Exchange Commission, Gary Gensler, had offered to serve as an advisor to the crypto exchange in 2019. According to documents filed by the SEC on Wednesday, attorneys from two of Binance’s law firms, Gibson Dunn and Latham & Watkins, allege […]
Binance’s Gopax Acquisition Delayed by SEC Lawsuit
Binance’s plan to buy a South Korean crypto exchange Gopax faces regulatory hurdles due to the SEC lawsuit against the global crypto giant. In February 2021, Binance announced that it had acquired a majority stake in Gopax and that it was spending funds from its industry recovery initiative on the acquisition. Binance and its partners […]
Kim Kardashian Faces Lawsuit over EMAX Crypto Promotion
Kim Kardashian is facing a lawsuit for allegedly scamming investors by promoting the EthereumMax cryptocurrency without disclosing her compensation. EthereumMax (EMAX) is a cryptocurrency with no legal or business connection with Ethereum, despite its name. It is a large language model that can generate text for various tasks, such as writing creative stories, solving mathematical […]
Binance Debuts Bitcoin NFTs Amidst SEC Lawsuit
Just one day after the U.S. SEC filed a lawsuit against them, Binance swiftly added bitcoin non-fungible tokens (NFTs) to its marketplace. The marketplace offers a variety of collections. These include BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, and Bitcoin Punks, with over 25 collections of Bitcoin NFTs available. Bitcoin-related NFTs have gained significant […]