Binance has filed for a protective court order against the US Securities and Exchange Commission (SEC) in response to what it calls “overbroad” and “unduly burdensome” requests for communications and deposition testimony from its executives. According to Reuters, the exchange
According to former SEC Attorney John Reed Stark, the SEC is unlikely to approve a Bitcoin Spot ETF under the current leadership of Gary Gensler. Stark claims that cryptocurrency is a partisan issue in the U.S., and the only thing
The Securities and Exchange Commission’s (SEC) lawsuit against Coinbase has rattled the US crypto landscape. However, the firm’s motion to dismiss has gained high-profile support. Senator Cynthia Lummis recently filed an amicus brief siding with the crypto exchange. Coinbase, a
The United States Securities and Exchange Commission (SEC) recently moved significantly in the crypto space, announcing an agreement with crypto trading platform Bittrex and its co-founder and former CEO, William Shihara. The SEC accused Bittrex and Shihara of operating an
Sam Bankman-Fried (SBF) was jailed on Friday, August 11, after a New York judge revoked the FTX founder’s $250 million bail on allegations he tampered with witnesses in his upcoming fraud trial. U.S. District Judge Lewis Kaplan made the decision
The world’s leading news agencies have signed an open letter that seeks a relook into regulations around the use of AI in journalism while calling for transparency and clear copyright laws. The letter was signed by organizations like Getty Images,
Congresswoman Maxine Waters voices concerns as PayPal unveils PYUSD stablecoin, highlighting potential implications for financial markets. Meanwhile, reports suggest an alarming surge in counterfeit PYUSD tokens across blockchains. The influential Democrat on the House Financial Services Committee has recently articulated
PayPal’s new stablecoin, dubbed PayPal USD (PYUSD), is not so much a program to boost blockchain-based payment services as a marketing stunt designed to cash in on the cryptocurrency hype, according to some analysts. The company launched its dollar-pegged stablecoin
In an unfolding twist to the ongoing controversies within the cryptocurrency space, Ripple Labs’ Chief Legal Officer, Stuart Alderoty, amplified calls initiated by former SEC official John Reed Stark to probe ex-SEC official Bill Hinman over potential conflicts of interest
Leading cryptocurrency exchanges are readjusting their services for U.S. investors in reaction to the shifting regulatory landscape. Bitstamp, founded in 2011, has announced the suspension of seven cryptocurrencies, including Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near Protocol
British researchers have developed a new AI-powered hacking technique that can crack bank account numbers and passwords with up to 95% accuracy. According to a preprint of the study posted on arXiv, the AI can learn different sounds that each key makes
In a recent revelation, CoinsPaid, an Estonia-based crypto payments provider, disclosed details of a cyber heist that resulted in a loss of $37 million. It appears the culprits capitalized on the vulnerability of human trust. By masquerading as potential employers
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