Binance saw net outflows of $1.34 billion of crypto tokens on the ethereum blockchain, with its U.S. affiliate, Binance.US, registering net outflows of $70.8 million, Nansen tweeted. ‘Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, Recommended site proper disclosure, safeguards against conflicts of interest, and routine inspection,’ said SEC Chair Gary Gensler in a statement. “Crypto will be…

After surprise rate hikes in Australia and Canada, and as the Federal Reserve forecasts two learn more hikes, investors are now betting that interest rates will remain higher for longer. “We wish to see from regulators a bit more proactive guidance and legislation rather than regulation by enforcement,” said Paolo Ardoino, chief technology officer at Bitfinex, a cryptocurrency trading company that was fined by another…

The lawsuits against Binance and peer Coinbase Global underpin SEC Chair Gary Gensler’s tough approach towards the industry, but a U.S. judge recently siding with crypto firm Ripple Labs highlights that the regulator is facing an uphill battle. Hong Kong’s push for banks to accept crypto clients comes at a time when countries such as the U.S. are doubling down on crypto exchanges, with the…

However, the asset remains less than half its all-time high of $69,000. (Reporting by Tom Wilson in London; Editing by Sharon Singleton) Top token bitcoin last week hit $31,818, its highest for a year, and is up more than 80% in price so far in 2023. Securities and Exchange Commission (SEC) also sued Mashinsky and Celsius on Thursday, according to a court filing, alleging he…

One of the biggest drawbacks of Binance as a futures trading platform is that it requires traders to first deposit Tether to trade. The platform relies on the controversial Tether stablecoin. The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S. securities regulator on alleged violations of securities laws. With the price fluctuations in the…