Binance.US will delist Flexa’s AMP token on Aug. 15 after the U.S. Securities and Exchange Commission deemed the token a security. The exchange said it is carrying out this action “out of an abundance of caution.” We operate in a rapidly evolving industry, and our listing and delisting processes are designed to be responsive to market and…
The Securities and Exchange Commission (SEC) is investigating whether Coinbase allowed Americans to trade unregistered security assets, Bloomberg News reported on July 26. The SEC has doubled its investigation of the crypto exchange since it increased the number of listed tokens on its platform. Coinbase now lists over 150 cryptocurrencies; after keeping the number of…
Coinbase has strongly denied that it listed securities on its platform, according to a July 21 blog post by Paul Grewal, the firm’s Chief Legal Officer. 1/ Coinbase doesn’t list securities. Period. ⬇️ — paulgrewal.eth (@iampaulgrewal) July 21, 2022 SEC classifies nine crypto assets as securities The Securities and Exchange Commission (SEC), in a July…
US lawmaker Brad Sherman has questioned why the Securities and Exchange Commission (SEC) has not gone after crypto exchanges facilitating Ripple (XRP) trades if it considers it to be a security. Sherman raised this question during the Investor Protector subcommittee oversight hearing on July 19. Sherman said: “The division has determined that XRP is a…
Popular crypto analyst Will Clemente, citing Glassnode data, revealed that Binance now holds more Bitcoin (BTC) units than its rival Coinbase. The flippening: Binance has surpassed Coinbase for having the most BTC of any exchange pic.twitter.com/oNt4boKdBL — Will Clemente (@WClementeIII) July 18, 2022 The data showed that Binance BTC holdings crossed the 600,000 mark, and…
Cryptocurrency trading volumes fell to their lowest point since 2020 at the end of June due to current market conditions, Bloomberg News reported. The report cited data from CryptoCompare to reveal that derivatives and spot trading volumes have fallen over 15% since May across crypto exchanges. Spot trading volume was down 28% on a monthly…
Crypto exchange Bitstamp has announced it will start charging an inactivity fee of €10 per month from August 1. The fee will not apply to users in the U.S. or those with an account balance of over €200. Bitstamp clarified that most customers are not affected by the new “inactivity fee.” The exchange said that affected…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Leading investment bank Goldman Sachs has downgraded Coinbase’s stock rating to sell from neutral and reduced its price target from $70 to $45 in its latest note, CNBC reported June 27. The downgrade was caused by the bear market, leading to…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! New York Post reveals that cryptocurrency companies are cutting costs by pulling out of sponsorship and marketing deals as the crypto market crashed to its lowest in almost two years. FTX pulls out of sports deal Leading crypto exchange FTX, one…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes introduced by the U.S. Federal Reserve to counter the rising inflation, he said during an interview with NPR. SBF said…