Binance.US, the American subsidiary of the global cryptocurrency exchange Binance, is grappling with significant challenges that are hindering its growth.
Regulation News
In a significant move towards global financial stability, the G20 Leaders’ Summit, held in New Delhi, has endorsed a comprehensive roadmap for cryptocurrency regulations.
In recent developments, Coinbase, one of the world’s leading cryptocurrency exchange platforms, has been making headlines with its ambitious plans for global expansion and its ongoing tussle with regulatory bodies, especially the U.S. Securities and Exchange Commission (SEC).
The World Federation of Exchanges (WFE), a London-based industry group, released a report on Tuesday revealing a significant divide among major financial exchanges on the adoption of cryptocurrency-related products and services.
In a series of events that have raised eyebrows in the financial world, Binance, one of the largest cryptocurrency exchanges, is facing multiple challenges. These include the departure of high-level executives, a noticeable outflow of assets, and looming legal scrutiny from the U.S. Department of Justice.
In a remarkable revelation that has sent ripples through the cryptocurrency market, Joe Burnett, an analyst at Blockware Solutions, has disclosed that a staggering 94.6% of all Bitcoin has remained stationary over the past 30 days.
The cryptocurrency landscape is undergoing a seismic shift, and at the epicenter of this transformation is the burgeoning field of decentralized finance (DeFi).
An independent report prepared for a New Zealand House of Representatives committee says there is no rush to regulate cryptocurrencies, despite growing calls for them to be regulated in many parts of the world.
John Reed Stark, former head of the Internet Enforcement Office of the US Securities and Exchange Commission (SEC), stated on the social media platform X that the US cryptocurrency field is suffering unprecedented financial regulatory shocks.
The Federal Reserve has announced plans to oversee new activities that include cryptocurrencies and other emerging asset classes.
Larry Fink, CEO of BlackRock, the world’s largest asset management company, made a groundbreaking shift, publicly declaring that Bitcoin is a global asset and recommending that investors switch from gold to digital currencies as a countermeasure An effective hedge against inflation.
Grayscale Chief Legal Officer Craig Salm issued an open letter saying that the Grayscale legal team submitted a comment letter to GBTC’s pending 19b-4 application and seven other spot Bitcoin ETF filings, including the new-proposed supervision sharing agreement (SSA ), which is to illustrate why the SEC should approve all spot Bitcoin ETF applications.
OpenAI co-founder Sam Altman has captured the attention of the global tech community with the launch of an innovative cryptocurrency project called WorldCoin.
The U.S. House of Representatives Financial Services Committee will vote this week on several bills that would create a regulatory framework for cryptocurrencies.
In a heated discussion with Coinbase Chief Legal Officer Paul Grewal, famed billionaire entrepreneur Mark Cuban launched a fiery critique of the U.S. Securities and Exchange Commission (SEC).
The cryptocurrency space is no stranger to controversy, with debate surrounding issues of regulation and institutional adoption. Amid the din, however, some voices are authoritative.
European Central Bank Governing Council Nott said that there are restrictions on the actual regulation of cryptocurrencies, which makes the issue very complicated.
The European Banking Authority (EBA) said on Wednesday that issuers of stablecoins should start preparing for new EU rules, even though they will come into force next June.
Since the LUNA thunderstorm and the Silicon Valley Bank thunderstorm triggered a series of black swan events such as the decoupling of the world’s second largest encrypted stablecoin USDC, the market’s distrust of the concept of stablecoins seems to have reached a threshold.
Binance.US tweeted to clarify some FUD regarding recent BCH withdrawals. Binance.US maintains a 1:1 reserve, which means that every BCH held by customers on the platform is fully backed by the reserve.
Fang Hongjin, co-chairman of the Hong Kong Blockchain Association, said in a recent statement that he disagrees with the Hong Kong government’s proposal to issue a Hong Kong dollar stablecoin backed by foreign exchange reserves.
To help fund managers understand and comply with securities laws pertaining to public investment funds holding cryptocurrency assets, the Canadian Securities Administration (CSA) today issued guidance.
In recent weeks, the price of bitcoin has been capped by regulators and macroeconomic conditions. Since June 22, the bitcoin price has been trading in a tight 4.4% range, fluctuating between $29,900 and $31,160 based on daily closes.
Ripple executives Andrew Whitworth and Susan Friedman have praised the UK’s approach to cryptocurrency regulation, claiming that the country has surpassed the US in this regard.
Yat Siu, founder of Animoca Brands, said Hong Kong, known for nurturing the Web3 ecosystem, is emerging as a potential beneficiary of regulatory uncertainty in the United States.
56% of ERC-20 tokens listed on three top centralized cryptocurrency exchange (CEX) platforms are suspected of being involved in insider trading, according to an investigation by cryptocurrency analytics firm Solidus Labs.
In a recent research note, the Bank of Italy highlighted the need for a balance between regulation and innovation in the cryptocurrency industry. The report highlighted that the consequences of the cryptocurrency winter provide a clearer case for policy intervention.
In a groundbreaking report, the UK Law Commission, funded by the Ministry of Justice, called for the creation of a custom framework in the UK to allow the use of cryptocurrencies as collateral.