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Terraform Labs' lawyers argued UST was not a security because it was designed for commerce, rather than as an investment. Terraform Labs CEO Do Kwon on CoinDesk TV in December 2021. (CoinDesk) The question of what exactly an "investment contract" is and whether that phrase applies to TerraUSD (UST) became the heart of the Thursday night hearing on Terraform Labs'...
The federal judge ordered the Securities and Exchange Commission and Binance lawyers to keep negotiating about limits on the company, reporting back to her by Thursday. (Nikhilesh De/CoinDesk) WASHINGTON, D.C. — The federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance andBinance.USdeclined to order a temporary restraining order freezing the U.S. trading platform's assets. That would allow...
Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders. Red arrows pointing down falling drop (Getty Images) Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit...
The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in "extremely aggressive and intimidating tactics" against the company. Binance Logo (Danny Nelson/CoinDesk) Binance.USsays it's transitioning to an all-crypto exchange as of June 13, citing pressures from the U.S.Securities and Exchange Commission(SEC), which targeted the company with a major enforcement action this...
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as it seeks to freeze company assets. The U.S. Securities and Exchange Commission (SEC) has been investigating Binance.US since at least 2020, court filings published late Tuesday show. In the filings, the regulator detailed evidence hundreds of millions of dollars in profiteering by...
Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed. Join us on social networks At least $35 million worth of crypto assets has beenstolenfrom Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account...
The ICO boom is remembered as an orgy of fraud and scammy behavior. But ICOs funded many crypto success stories - and might still have benefits, says David Z. Morris. This story is part of our series looking back at the biggest stories from the last decade. The ICO boom is our choice for 2018. Dan Larimer who led the...
Investors awaited a House vote on the debt limit deal, scheduled for Wednesday. President Joe Biden(Getty Images) Bitcoin (BTC) fell below $28,000 during U.S. trading hours on Tuesday but then steadied as investors monitored progress on a debt ceiling deal, whose passage remained likely but not assured. The largest cryptocurrency by market capitalization was recently trading at around $27,740, up...
ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China's Web3 policy, but it didn't broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards (Pixabay) Good morning. Here’s what’s happening: Prices:Crypto and Asian stock markets opened strongly as the White...
The largest cryptocurrency is suddenly a talking point in the 2024 race, after Florida Governor Ron DeSantis declared he would “protect the ability to do things like Bitcoin” during the launch of his campaign on Twitter on Wednesday. Bitcoin has suddenly found itself at the center of campaign trash-talking and chest-thumping ahead of the 2024 U.S. presidential election. Biotech-entrepreneur-turned-Republican-candidate Vivek...
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