“We want to be licensed everywhere,” said Changpeng Zhao. Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters.According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to… More
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June. Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records.The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late… More
Alongside Coinbase itself, the class action names CEO Brian Armstrong, CLO Paul Grewal, other top executives and several of its venture capital backers as defendants. A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto… More
Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance.Changpeng Zhao, founder and CEO of the… More
The state’s financial regulator join its counterparts in New Jersey and Alabama in taking action against the crypto lending platform. The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm BlockFi for not offering a security licensed at the state or… More
Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time. The South Korean government announced today that crypto exchanges will face punishment if they have not voluntarily registered with the country’s authorities by September 24.This new set of regulations will reportedly affect both exchanges based… More
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land. Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as the company continues to attract local investors. In the latest run-in with the government, the Directorate… More
A new legal initiative in Australia wants to allow DAO project governors to contract with other legal entities through DeFi tools. Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs).The country’s Digital Law Association and global law… More
Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country. Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy.The regulator specified… More
Contrary to JPMorgan’s analyst, the major GBTC unlock on July 18 might not put any downside risk on BTC’s spot price. As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock.A total of nearly 40,000… More
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance’s CEO said. Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder, Changpeng Zhao, has underscored the exchange’s commitment to cooperating with regulators.In an open letter on Tuesday, Zhao emphasized that the… More
Now pursuant to approval from the United Kingdom’s financial regulator, TP ICAP’s crypto platform will initially offer Bitcoin trading. Major global interdealer broker TP ICAP is launching a cryptocurrency trading platform with Fidelity Investments and British banking giant Standard Chartered.TP ICAP’s upcoming crypto exchange is scheduled for launch in the second half of 2021 and… More
Bitcoin price briefly surged above $35,000 to spark a relief rally in altcoins but a number of bearish factors still surround BTC. Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or… More
Sellers pressed Bitcoin’s price back below $40,000, while analysts believe BTC will remain rangebound until the $42,000 level is breached. The cryptocurrency market is in the midst of another lackluster day on June 16, with the price of Bitcoin (BTC) dipping below $40,000 ahead of the Federal Open Market Committee meeting, where United States officials… More
Chinese journalist Colin Wu speculated that the move from the crypto exchange would likely drive users to Binance for higher leveraged trades. Huobi, one of the largest cryptocurrency exchanges in the world, has reportedly restricted derivatives for new and existing users over concerns about China’s regulatory crackdowns.Chinese journalist Colin Wu reported on Twitter Thursday that… More
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