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Crypto giant Binance's US affiliate fires staff after SEC charges…

LUS QuestionsCategory: AqaeedCrypto giant Binance's US affiliate fires staff after SEC charges…
Hayley Tuckfield asked 11 months ago

June 28 (Reuters) – Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray.

\u5e01\u5b89Binance\u63a8\u8350\u9080\u8bf7\u7801ATY3F9LB,\u4eab40%\u624b\u7eed\u8d39\u8fd4\u4f63\u4f18\u60e0 - CryptoTradingCafeBitcoin jumped more than 15% last week, rising above $30,000 for the first time since April, its best week since March, in large part driven by BlackRock filing an application with the U.S.

Securities and Exchange Commission to launch an exchange-traded fund (ETF) backed by bitcoin.

Earlier this month, Binance and its U.S.

affiliate entered an agreement with the Securities and Exchange Commission to ensure U.S. customer assets remain within the country until a sweeping lawsuit filed by the regulatory agency is resolved.

The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls.

Binance disputes the SEC charges.

“We’re thrilled to open our first international office in a jurisdiction that welcomes blockchain technology and is committed to creating a predictable business environment by pursuing regulations that both embrace Web3 and protect consumers,” said Chris Dixon, founder and managing director of Andreessen’s a16z crypto fund, which is setting up the office.

these prohibitions are essential to protecting investor assets,” Gurbir Grewal, director of the SEC’s enforcement division, said in the statement. “Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please …

It is the latest in a string of setbacks for 币安币 Binance including the June 5 decision by the U.S.
Securities and Exchange Commission (SEC) to charge the company with evading securities laws. Binance disputes the SEC charges.

June 16 (Reuters) – Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance.

Separately, the SEC is itself being sued by Grayscale Investment over the regulator’s rejection of Grayscale’s application to convert its flagship spot Grayscale Bitcoin Trust into an ETF.

FRANKFURT, June 29 (Reuters) – German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with direct knowledge of the matter said on Thursday, the latest in a string of setbacks for the world’s biggest cryptocurrency exchange.

(Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)

The industry has since been reeling amid the scrutiny of global regulators, while FTX founder Bankman-Fried faces a criminal lawsuit by the U.S.
government for alleged fraud.

Bitcoin, the world’s biggest and best-known cryptocurrency, was last up 5.5% on Wednesday at 29,881.00 after hitting a high of $30,755.00.

It is up roughly 81% for the year-to-date.

PaxFul is another cryptocurrency exchange platform based on the USA. Paxful have started in the year of 2015 which allows you to perform, simple, fast and secure crypto trading process.

This platform supports more than 300 payment methods and got restricted in various countries.

In addition to the 2% fee, you’ll have to pay a gas fee to have the transaction recorded on the Ethereum network. LooksRare is one of the Ethereum blockchain’s many non-fungible token marketplaces. LooksRare is a web3 NFT Marketplace where traders and collectors have earned more than $1.3 billion in rewards. LooksRare charges a flat 2% fee on all NFT sales.

The LooksRare’s charges are lower than other top marketplaces, which typically charge 2.5% or more.

Bankman-Fried said some charges relied on a fraud theory — where a defendant could be convicted for depriving someone of economically valuable information and not just tangible property — the U.S.

Supreme Court last month deemed invalid.

Last week, the SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US’s operation alleging in 13 charges that Binance had engaged in a “web of deception,” artificially inflated trading volumes and diverted customer funds, and that Binance and Zhao were secretly controlling the U.S.

entity while publicly claiming that it was independent.

Earlier this month, the U.S.

Securities and Exchange Commission (SEC) sued Binance and Coinbase, another two of the largest crypto exchanges, for allegedly breaching its rules.