Exploring the similarities between crypto exchanges Binance and FTX
While the civil charges brought by the SEC against Binance and FTX are unique to each business, there are still some striking similarities.
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Binance still using Ethereum account suspected of commingling funds
Binance was indicted by the SEC in June and was accused of commingling funds into accounts at entities run by Binance CEO Changpeng Zhao.
Gary Gensler hasn’t always believed everything but bitcoin is a security
In a video filmed in 2018, Gensler claims that neither Bitcoin, Ether, Litecoin, or Bitcoin Cash should be regarded as securities.
Winklevii warn Dems that young voters “won’t forget” war on crypto
The Winklevoss twins claim young voters won't forget the "destruction" Senator Elizabeth Warren and SEC chief Gary Gensler have caused.
— Binance US, SEC
Banks cut fiat on-ramps for Binance US, dollar deposits suspended
Banks partnered with Binance US are jumping ship. In a tweet, the crypto exchange warned users US dollar withdrawals and deposits are over.
Binance wants SEC chair Gary Gensler recused for ‘advising’ the crypto exchange
Binance says Gary Gensler approached the firm in 2019 and served as an "informal adviser" but internal messages paint another picture.
SEC claims Binance spent commingled funds on $11M yacht
Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
Why did the SEC let Coinbase go public?
The SEC sued Coinbase on Tuesday for selling unregistered securities. So why did it allow the crypto exchange to go public in 2021?
Coinbase trader makes $25M on options bets day before SEC suit
The trader placed $100K in options bets against Coinbase on Monday morning. The company's share price dropped nearly 19% just 24 hours later.
Explained: How Binance’s stablecoin BUSD can be a security
In its lawsuit against Binance, the SEC has clearly explained for the second time how a stablecoin can be offered to investors as a security.