As the crypto market enters into what could be considered to be another bull market, one analyst known as MacnBTC has come forward to give a list of altcoins that could do well going forward. The list includes altcoins currently listed on the largest crypto exchange in the world, Binance,…
The U.S. SEC has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, presenting the argument that the crypto assets should be classified as securities under legal definitions. The letter, dated Dec. 4, outlines the regulator’s position and proposes that the court, rather than a…
New Binance CEO Richard Teng’s debut on center stage was a bit bumpy. In his first public interview since getting the job last month after founder Changpeng “CZ” Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were…
Newly appointed Binance CEO Richard Teng attempted to draw a line under the crypto exchange’s past issues, conceding that compliance controls were “inadequate” and arguing that the company could “move past a challenging chapter.” Speaking at the Financial Times Crypto Winter Summit, Teng said that, “The compliance controls that we had in…
A senior U.S. regulator has suggested that the $4.3 billion settlement with Binance last month could represent a peak in enforcement actions against cryptocurrency firms. The settlement, which was for breaching U.S. anti-money laundering and sanctions laws, may provide a governance “template” for the crypto industry. CFTC Commissioner Kristin Johnson…
While Bitcoin (BTC) hovers around $42,000, sentiment has been extremely positive. This is evident from the data of digital asset investment products’ inflows. Crypto Inflows Reach October 2021 Highs According to data from CoinShares, there were inflows of $176 million in the past week for the digital assets products. BeInCrypto…
Multi-billion dollar penalties levied by the U.S. Commodity Futures Trading Commission (CFTC) against crypto exchange Binance were “heightened” because of the regulator’s prior public warnings for crypto firms to comply, Commissioner Kristin Johnson said during a Tuesday event hosted by the Financial Times. Johnson clarified that the agency took enforcement…
The Chainlink network continues to experience significant growth, and whales appear committed to holding their LINK tokens. Interest in LINK Remains Elevated The Chainlink network is growing at an impressive rate. Since early September, the number of new and unique addresses appearing in a transaction for the first time has…
Pyth, an oracle service that provides low-latency pricing data to blockchains, distributed its new PYTH governance tokens to more than 90,000 crypto wallets in November. The token was introduced as a way to decentralize Pyth’s governance process – a system that will allow token-holders to vote on how the platform…
DeFi platform Curvance has emerged from stealth to secure a $3.6 million seed funding round, with contributions from over 20 decentralized autonomous organizations and leading developers. The round included investment from Arbitrum developer Offchain Labs, cross-chain messaging platform Wormhole and angel investors, including Polygon co-founder Sandeep Nailwal, according to a…