The Securities and Exchange Commission (SEC) says Binance’s recent plea deal gives it new ammunition against the cryptocurrency exchange. As Bloomberg News reported, the SEC contended in a hearing Friday (Dec. 8) that the court should take into consideration the guilty pleas by Binance and its former...
Binance founder Changpeng Zhao must remain in the United States while awaiting his sentencing on Feb. 23. A judge ruled Thursday (Dec. 7) that Zhao was a flight risk, The New York Times reported Friday (Dec. 8). Another judge had ruled earlier that the cryptocurrency exchange founder could return...
Jamie Dimon, the CEO of JPMorgan Chase & Co., has again expressed his strong opposition to the cryptocurrency industry. During a Senate Banking Committee hearing on Wednesday (Dec. 6), Dimon said that if he had the power, he would shut down the entire industry, Bloomberg reported Wednesday. This is not the...
Coinbase Wallet has added new features that aim to simplify and expedite money transfers globally. The updates allow Coinbase Wallet users to send money through any platform that supports link sharing, including popular messaging apps, social media apps and email, Coinbase said in a Tuesday (Dec. 5) blog post....
Cryptocurrency firm Phoenix Group has launched its debut on the Abu Dhabi market, the first of its kind in the region. The debut of the firm, which saw its shares surge by 35% on its first day of trading, to $3.3 billion, alongside a rally a bitcoin,...
Cryptocurrency firms are reportedly spending record amounts of cash to advance their cause in Washington. Digital asset companies spent $18.9 million on lobbying during the first three quarters of 2023, Reuters reported Tuesday (Dec. 5), citing data from nonprofit research group OpenSecrets. That figure was up from $16.1...
For the first time in nearly two years, bitcoin’s price has exceeded $41,000. The price of the most popular cryptocurrency reached $41,600 on Monday (Dec. 4), Coindesk reported, noting this was the first time bitcoin had gotten to that level since the collapse of Terra in April 2022. According...
Soccer star Cristiano Ronaldo is reportedly being sued for promoting embattled cryptocurrency exchange Binance. The $1 billion class-action suit, filed last week in the District Court for the Southern District of Florida, alleges that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered...
The Algorand Foundation has made a strategic investment in HesabPay, an interoperable digital payments platform in Afghanistan that uses the Algorand blockchain. The investment was revealed at the Algorand Impact Summit in New Delhi, where global leaders gathered to explore the potential of blockchain technology in addressing pressing...
