Tag: Binance
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The SEC’s Battle Against Coinbase And Binance, Explained
[ad_1] by Peter Eberle, President & Chief Investment Officer of Castle Funds In early June, the US Securities and Exchange Commission (SEC) filed separate lawsuits against cryptocurrency companies Coinbase and Binance. The central allegation of both is that the companies were running unregistered securities exchanges. In other words, the SEC believes these companies set up…
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Binance Launches New Domain In UK Ahead Of New Financial Promotions Regime
[ad_1] The world’s largest exchange, Binance, has launched a new domain for United Kingdom users in compliance with the incoming financial promotions rules of the island nation. This development was announced on October 6 via a blog post as Binance looks to maintain its services under the UK’s new financial marketing regime, which is set…
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Binance and Changpeng Zhao Seek Dismissal of SEC Lawsuit, Citing Regulatory Overreach
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Binance Holdings and its CEO, Changpeng Zhao, requested the dismissal of a lawsuit brought against them by the Securities and Exchange Commission (SEC), arguing the regulator had overstepped its authority. In a 60-page motion filed on Sept. 21, Zhao and his…
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Financial Woes: Binance France Discloses €4 Million Loss In 2022 Financial Reports
[ad_1] The French arm of Binance, established on November 8, 2021, disclosed its financial statement for the year 2022 on Friday. The leading auditing service firm RSM Paris audited the Binance platform and concluded that the exchange had faced a loss of €4 million in France. It happened because the revenue earned from the exchange’s…
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Binance Labs Invests $15M in Web3 Gaming Startup Xterio
[ad_1] “The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities,” said Yi He, co-founder of Binance and head of Binance Labs. “The Xterio core team brings together experienced Web2 professionals with Web3 expertise; we look forward to closely working with them to allow gamers around…
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Maverick Protocol Announces $9m Funding Round, Backed By Binance and Coinbase
[ad_1] Maverick Protocol, a provider of Decentralized Finance (DeFi) infrastructure, has completed a funding round, raising $9 million. Founders Fund, an American venture capital firm, led the funding. It was also supported by other prominent Venture Capitalists (VCs) firms such as Binance Labs, Coinbase Venture, Pantera Capital, and Apollo Crypto. Maverick Protocol To Focus On…
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Judge Signs Off on Binance, SEC Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore in Lieu of Restraining Order
[ad_1] Decide Jackson informed the events that it will be higher for them to return to an settlement on a proposed stipulation than to have her craft a restraining order, which might include a two-week time restrict. Two weeks would give inadequate time to organize, given the greater than 4,000 pages of displays the events…
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Binance CEO’s Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
[ad_1] Advantage Peak, an offshore buying and selling firm managed by Binance CEO Changpeng Zhao, acquired round $11 billion (practically Rs. 90,890 crore) of shopper property by a Seychelles-based agency set as much as take buyer deposits, a US Securities and Alternate Fee submitting reveals. The SEC submitting, which on Tuesday requested a US court…
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SEC’s Latest Crackdown Against Coinbase and Binance Could Drive Crypto Firms Out of the U.S.
[ad_1] “I believe we are going to see an increasing number of strikes like this,” Andrew Lawrence, co-founder and CEO of Censo Inc., an on-chain custody answer mentioned. “Sure, the U.S. is the most important market, however people who find themselves constructing within the crypto business are doing so not due to the dimensions of…
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The SEC unveils 13 charges in a lawsuit against crypto exchange Binance : NPR
[ad_1] The Securities and Change Fee has filed greater than a dozen fees in opposition to Binance which runs the most important crypto buying and selling website on this planet. MICHEL MARTIN, HOST: On the planet of crypto, one other main firm is in hassle. STEVE INSKEEP, HOST: Binance – like finance however with a…
