Crypto exchange

On Sept. 21, Binance, its US subsidiary Binance.US, and CEO Changpeng Zhao ‘CZ’ filed a joint motion in the US District Court of the Columbia state to dismiss the SEC lawsuit against them. Crypto exchanges and CZ stressed that the SEC had overstepped its authority while filing the lawsuit.  The financial regulator filed the lawsuit […]

Binance Conne­ct, the regulated buy-and-se­ll crypto arm of Binance’s exchange­, will close on August 16. They  confirme­d this closure on August 15 through an email conversation with a spoke­sperson from Binance. According to a spokeswoman, the decision was made in reaction to “changing market and customer needs.” On the same­ day, Biswap, a BNB Chain-based […]

On August 10, the United States Securities and Exchange Commission disclosed the agreement with the crypto exchange Bittrex and its co-founder and ex-CEO, William Shihara. The deal comes in response to accusations by SEC that this unregistered platform offered services to customers illegally. Bittrex and Bittrex Global, its associated entity, have agreed to $24 million, […]

Huobi, one of the largest cryptocurrency exchanges, faced an outflow of $64 million between Aug. 5-6. This occurred due to rumors about the financial stability of the exchange and allegations that Chinese agencies were investigating its officials. However, the company’s total value locked (TVL) fell sharply, from $3.09 billion last month to only $2.5 billion […]