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Crypto News
Binance.US Suspends Use of Fiat as Legal Troubles Mount
The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in "extremely aggressive and intimidating tactics" against the company.
First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout
ALSO: Valkyrie's chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness…
NFT Inspect Introduces New PFP Discovery Tool for Twitter
The recently-resurrected NFT analysis platform has a new Chrome browser extension that provides real-time data on Twitter PFPs.
Solana Foundation: SOL is ‘Not a Security’
SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.
Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.
Binance Says Gensler Once Offered to Be an ‘Informal Advisor’
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.
U.S. Judge Dismisses Lawsuit Against DeFi Startup PoolTogether
The lawsuit, filed in 2021, alleges the platform operated in a way that enabled users to evade financial regulation and scam consumers.