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Binance
How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance
The exchange must face a lawsuit, an appeals court ruled. The SEC is all over it.
El Salvador Bags Major Bitcoin Gains; Hong Kong's Stablecoin Push
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including El Salvador's major gains from the recent bitcoin (BTC) rally. The Central American nation is sitting on $84 million in unrealized profit on the holdings it first started acquiring in September 2021. Plus, the Binance saga continues in Nigeria, and Hong Kong starts a regulatory sandbox for potential stablecoin issuers.
Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports
"We are working collaboratively with Nigerian authorities to bring Nadeem and Tigran back home safely to their families,” a Binance spokesperson told CoinDesk.
Appeals Court Revives Aspiring Class Action Lawsuit Against Binance
The ruling doesn't have any implications on whether certain crypto tokens are securities.
'Groundhog Day' in Crypto as Bitcoin Again Plunges Following New Record
The world's largest crypto briefly rose above $70,000 Friday, but immediately tumbled about 5% to below $67,000.
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition.
Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
Binance CEO Richard Teng was summoned by a committee of Nigeria's House of Representatives to appear for an investigation on alleged money laundering and financing of terrorism, according to a report from Punch. CoinDesk Regulator Reporter Camomile Shumba weighs in on the latest news and Binance's plans to discontinue its Nigerian Naira (NGN) services amid increased scrutiny from the country’s regulators.
Bitcoin Tumbles 10% After Hitting Record High; Triggers $1B Crypto Liquidations
Bitcoin's new all-time high Tuesday quickly turned into a bloodbath, flushing out overzealous leveraged traders.
