The Securities and Exchange Commission on Monday charged cryptocurrency trading platform Kraken with operating as an unregistered securities exchange.
Ramaswamy’s Crypto Deregulation Plan Is Scaring the Industry
Presidential candidate Vivek Ramaswamy’s call for mass deregulation of the cryptocurrency industry and drastic cuts to the Securities and Exchange Commission are the makings of crypto regulators’ nightmares,
Binance’s CZ and the End of the ‘Borderless’ Crypto Company
We probably will never see another company quite like Binance. Crypto itself might be borderless, but crypto companies are not beyond the reach of US law.
SoftBank-backed Carro in talks to raise over $100 million ahead of potential US IPO – exec
Carro, a Southeast Asian online automotive marketplace, is in talks with potential investors to raise over $100 million ahead of a possible U.S. listing in 18 months, said a senior executive at the ...
Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History
But on Tuesday, a jittery Changpeng Zhao showed up in a Seattle federal court to plead guilty to violating U.S. money-laundering rules.“I’ve not caused problems before, I’ve never been a criminal. And ...
Tough times for Japan’s chemical makers
Japan’s three biggest chemical companies are seeing their earnings suffer from a slump in basic chemicals. All three experienced a sharp drop in profits in the first half of fiscal 2023, which ended ...
Prices of AI Crypto Tokens Surge as Elon Musk Reveals Investment
Rising interest in artificial intelligence, buoyed by shareholding from Musk's X Corp and drama at OpenAI, impacted the crypto market.
Regulators Are Coming for Rule-Breaking Crypto Founders Like Binance’s CZ
Changpeng “CZ” Zhao has become the latest in a long line of crypto founders facing potentially significant legal consequences. The founder of Binance Holdings Ltd., the world’s largest crypto exchange ...
What is Binance, why is it in so much trouble, and what does it mean for crypto?
There are few figures in crypto that have loomed quite as large in the past few years than Changpeng Zhao — better known as CZ — and the company he founded in 2017, Binance.
Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance’s Gulity Plea
Binance chief Changpeng 'CZ' Zhao on Tuesday stepped down and pleaded guilty to violating U.S. anti-money laundering laws as part of a $4.3
US SEC sues Kraken for operating crypto trading platform without registering
The U.S. Securities and Exchange Commission sued Kraken on Monday, accusing it of illegally operating a trading platform for cryptocurrency assets without first registering with the regulator. In a complaint against Payward Inc and Payward Ventures Inc,
Singapore-based Carro in talks to raise over US$100m ahead of potential US IPO: Exec
The fundraising could value Carro, which has valuation of over US$1 billion, even higher. Read more at straitstimes.com.
Japan to ease investment rules for banks to boost startups
The Financial Services Agency is expected to amend the Banking Act by June 2024 after soliciting opinions from the public. Prime Minister Fumio Kishida has made invigorating Japan's startups a pillar ...
Over $200M in Crypto Futures Bets Liquidated as Bitcoin Slumped Under $36K on Binance Settlement
Binance’s settlement with the U.S. Securities and Exchange Commission (SEC) on multiple charges spurred a market decline, with the impact felt
SEC accuses crypto’s Kraken of running unregistered exchange
The SEC also argued that the firm was operating as an exchange, broker, dealer and a clearing agency — all without the proper registration.
Crypto Boosted by Possible End to US Criminal Probe of Binance
The prospect of a resolution of the US criminal investigation into Binance, crypto’s linchpin exchange, led to a bout of cautious optimism in digital-asset markets.