US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice
«The cash rate is now 4.1%, which we think is in a deeply restrictive territory, so that obviously means that the risk of a hard landing in the Australian economy has increased,» said Carol Kong, a currency strategist at Commonwealth Bank of Australia. A spokesperson for Binance, which had been operating in the Netherlands without permission from regulators, said that the company had tried «many alternative avenues» to meet Dutch registration requirements. June 12 (Reuters) — Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin’s liquidity. A slew of altcoins — a catch-all for most cryptocurrencies except bitcoin and ether — have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens. In essence, BCH was developed to help Bitcoin overcome two significant problems specifically scaling and transaction costs. Bitcoin Cash — Bitcoin Cash (BCH) is a hard fork of Bitcoin that occurred on August 1st, 2017. After the advent, the network rewarded every Bitcoin holder with an amount of BCH. Last July, Coinbase disclosed an SEC probe into its asset listing processes, staking programs and yield-generating products. In the first quarter of this year, Coinbase lawyers had been discussing a potential settlement with the SEC that would involve the company paying a penalty, and provide a path to registering with the agency, a source with knowledge of the discussions said. Making use of leverage on the crypto derivative dealing allows them for better capital efficiency. Moreover, short-selling gives them a better chance to earn profits even if the price of an asset drops. But when we talk about futures trading, this kind of dealing allows traders to diversify their portfolios and increase their exposure to a variety of cryptocurrencies without even having to hold the underlying asset. The Binance trading bots also work on grid trading strategy and when properly deployed, these bots will help you earn optimal gains. And, these orders are executed by the grid bots at these predefined price intervals. In each grid, the trader has to set the price manually for setting the upper and lower limit. Employees in Binance.US’ legal, compliance and risk departments were among those dismissed, the people told Reuters, requesting anonymity because the matter is private. We had an on-site visit last week by the relevant authorities,» a Binance spokesperson said. «In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere. The crypto industry has attacked Gensler in recent days after the SEC sued two of the world’s largest crypto exchanges, Coinbase and Binance, for allegedly breaking securities laws by failing to register their operations with the agency. The SEC sued major U.S. The SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US’s operator on Monday, in a dramatic escalation of a crackdown on the industry by U.S. regulators. exchange Coinbase a day later. NICOSIA, June 14 (Reuters) — Binance’s Cyprus unit has applied to be removed from Cyprus’ register of crypto asset service providers, the securities regulator website showed on Wednesday, in a move Binance said would allow it to focus on its larger European businesses. Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit «Binance Nigeria Limited» that courted Nigerian investors through a website was not registered or regulated, making it illegal. In addition, the many crypto organisations that used Telegram to conduct their operations in Indonesia are now defunct and should not be used. Antonny Teo, the creator of the Kriptonesian channel and one of the biggest cryptocurrency communities in Indonesia, said that after hitting a record number of members, he has lost around half of his followers. There are just around 7,000 people who belong to the Kriptonesian group at the moment. In the meantime, Agus Artemiss, 币安身份認證 the creator of the Cryptoiz group, which has more than 13,500 members on Telegram, said that the area of cryptocurrency has become a game of survival due to «crypto winter.» Mr. «Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,» the Securities and Exchange Commission (SEC) said in a statement dated June 9. It said the company was not registered or regulated, making it illegal.