Gary Gensler had close ties to Binance’s CZ, offered to serve as exchange advisor: lawyers

Lawyers in Binance’s securities case claim that SEC chair Gary Gensler once offered to serve as an advisor to their company, CNBC said on June 7. Gensler met CZ, offered to act... Read more »

What asset freeze? Binance BTC outflows muted as users shun panic selling

Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows. According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles. On-chain... Read more »

Binance and CZ sued by the SEC

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange. Most likely, the... Read more »

SEC filings reveal testimony of former Binance.US CEOs

The SEC’s complaint against Binance.US includes excerpts of testimony given to the regulator by two of the firm’s former CEOs, one of whom has been radio silent since stepping down in 2021.... Read more »

El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

A public-private partnership in El Salvador pledging to pump $1 billion into creating a Bitcoin (BTC) mining farm has received its first $250 million. This first release of funds kickstarts a 241-megawatt... Read more »

Seven bombshells from the SEC’s Coinbase suit

On June 6, the U.S. Securities and Exchange Commission (SEC) filed charges against Coinbase, alleging that the company violated securities regulations. These are the most notable takeaways from those charges. 1. Coinbase... Read more »

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a... Read more »

Coinbase CEO Brian Armstrong hits back at SEC lawsuit on social media

Coinbase CEO Brian Armstrong spoke out against the SEC’s decision to file a lawsuit against the exchange. The SEC’s charges, filed early today, are based on the accusation that Coinbase has been... Read more »

Sequoia Capital announces three-way split to separate China business

Venture capital firm Sequoia announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately.  The move, announced on June... Read more »

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group. On June 5, blockchain... Read more »