Binance.US to halt dollar deposits after SEC crackdown

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Vania Krouse спросил 3 месяца назад

I think what they are engaging in is a coordinated campaign to essentially destroy the crypto economy in the United States,» Stuart Alderoty, chief legal officer at Ripple, told the Piper Sandler Global Exchange & Fintech Conference in New York on Wednesday. «I don’t think that this SEC under this leadership necessarily cares whether they win or lose in the courts. A day later, the SEC asked a federal court to freeze Binance.US’ assets, including more than $2.2 billion held in crypto and some $377 million in U.S. dollar bank accounts. The SEC expressed concern that the exchange could move those funds offshore. The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls. Binance disputes the SEC charges. June 15 (Reuters) — BlackRock is close to filing an application for a bitcoin exchange-traded fund (ETF), CoinDesk reported on Thursday, citing a person familiar with the matter. In its tweet on Thursday, Binance.US said crypto-denominated trading, deposits, withdrawals and «staking» — where users deposit cryptocurrencies for use in blockchain transactions — would remain fully operational. (Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath) Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry. June 8 (Reuters) — The chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a «calculated economic decision» to flout its rules. The payment includes $1.17 million of refunds to 4,691 investors, which may be reduced if they withdraw crypto assets during a specified 90-day period, plus a $626,000 fine. The traders can take advantage of this trading method for managing their risks and maximizing their profits. Traders who prefer quick returns can set up the trading bot to function for short-term to earn profits from the small price movements while the long term traders can set up a huge grid range where trades can run for longer periods. Grid trading strategy can be used in trading by all kinds of traders. Binance, which was founded by Changpeng Zhao in Shanghai in 2017, 币安折扣 (click the next webpage) has grown to dominate the crypto industry but also faces scrutiny from regulators keen to clamp down on money-laundering. Gaming Guilds Consumer-focused firms typically require a distribution network of some kind. Gaming guilds, which function as a distribution network, can distribute GameFi platforms. Why is P2E vital and what is their role in it? «In previous spot ETF rejections, the SEC has cited concerns about market manipulation, and BlackRock’s application appears to take a different approach to address this sticking point,» said Riyad Carey, a research analyst at Kaiko. Grid trading is when the orders are placed above and below the set price, creating a grid of orders at decreasing and increasing prices. Grid trading is a useful feature of Binance that can help traders to automate the crypto trading process of trading futures contracts. With this, you can place as many buy or sell orders as you want and realize the profits within the predefined price range. Finally, since there is no centralized institution engaged that could process them, KYC and AML procedures are not necessary. IDOs Initial DEX Offering is the newest fundraising fad in cryptocurrency. But instead of a panel of experts choosing projects, the DEX community casts a vote on whether to approve a particular project’s request for IDO on the platform. Furthermore, no actual third party is involved because smart contracts regulate all money transfers. Similar to IEO, only vetted projects are allowed access to IDO, and their tokens are automatically listed on the decentralized exchange. The final item, however, could soon change following the laws that various nations have imposed on IDOs. The bank said it would also from Thursday hold certain payments to crypto exchanges for 24 hours and soon introduce a monthly A$10,000 ($6,666) transfer limit to crypto exchanges. The CBA spokesperson declined to say whether those measures would apply to all crypto exchanges or a select few. Since then, the digital asset market has seen a high-profile bankruptcy of crypto exchange FTX and lawsuits from the U.S. securities regulator against Binance and Coinbase Global.