In the midst of increasing regulatory scrutiny, Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself entangled in a storm of legal challenges and a wave of executive departures. As the company grapples with these issues, it faces significant hurdles in maintaining its operations and rebuilding trust among regulators, investors, and users. The departure
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Coinbase, a prominent player in the cryptocurrency industry, is currently under scrutiny for alleged improper conduct in U.S. courts. Despite these accusations, the legal representatives of the platform have vehemently denied any wrongdoing and have even requested the dismissal of the case. While institutional investors and policymakers generally view Coinbase and its CEO, Brian Armstrong,
For a significant period, Solana’s value has been closely associated with Sam Bankman-Fried, the founder of the now-insolvent crypto exchange FTX and hedge fund Alameda Research. As an early investor in Solana, he invested in various projects within the Solana ecosystem during the 2020-2021 bull run. However, when FTX collapsed in late 2022, Solana and
In an extraordinary collaboration, Joy Division’s drummer, Stephen Morris, and Peter Saville from Factory Records have joined forces to create a groundbreaking NFT that pays homage to the band’s masterpiece album, “Unknown Pleasures”. This innovative initiative, titled CP1919, is set to be unveiled next month through Pace Verso. The project serves as a digital archive
Coinbase CEO Brian Armstrong recently spoke out against the United States Commodity Futures Trading Commission (CFTC), urging them not to take enforcement actions against decentralized finance (DeFi) protocols. Armstrong believes that it is highly unlikely that the Commodity Exchange Act applies to these protocols and suggests that the cases should be taken to court to
In the past, stories of crypto millionaires were abundant, capturing the imagination of both seasoned investors and newcomers to the cryptocurrency market. However, with the cryptocurrency winter season, these tales seemed to fade away, leaving many wondering if such success stories were a thing of the past. But now, with the introduction of PEPE and
The European Parliament has recently given its approval to DAC8, a measure that aims to introduce tax reporting requirements for cryptocurrency transactions across the European Union (EU). With an overwhelming majority of 535 in favor, 57 against, and 60 abstentions, the proposed rule has successfully passed its final legislative hurdle and is on its way
The recent early dismissal of BlackRock’s planned spot Bitcoin exchange-traded fund (ETF) may seem like a setback, but according to Nasdaq executive Giang Bui, it is unlikely to affect the eventual success of the product. While the rejection by the U.S. Security and Exchange Commission (SEC) was based on regulatory procedural issues, it does not
Pixels, the popular social browser game, is making significant strides in the Web3 gaming sector. Initially launched on the Polygon blockchain, it has garnered a solid user base and achieved remarkable success. With over 1.5 million on-chain transactions recorded monthly, Pixels has firmly established itself as a force to be reckoned with in the gaming
Stablecoin issuer Paxos has recently released the first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin. The report has provided insights into the backing of the coin, reassuring users that it is fully backed by assets. As of August 31, 2023, the total tokens outstanding amount to $44.4 million, while the total assets held
