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Alabama Securities Regulator Issues Show Cause Order to Coinbase, Joined by 9 Other States, Over Unregistered Securities

June 6, 2023 0

After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from selling unregistered securities in the state.

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Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations

June 6, 2023 0

After the U.S. Securities and Exchange Commission (SEC) sued Binance, it has now filed a legal case against the San Francisco-based exchange, Coinbase. The SEC alleges that Coinbase breached multiple securities regulations and has been functioning as an unregistered broker since 2019. SEC Alleges Coinbase Operated an Unregistered Brokerage and Committed Multiple Securities

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Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as SEC Sues Binance

June 6, 2023 0

Bitcoin plunged to its lowest point in over two months, as markets continue to react to the SEC versus Binance lawsuit. The Securities and Exchange Commission (SEC) is suing the crypto exchange for violation of U.S securities laws. Ethereum was also in the red, dropping below $1,800 in the process. Bitcoin Bitcoin (BTC) sank to […]

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More Crypto Holders Now Realize the Importance of Having an Inheritance Plan — Venket Naga, Serenity Shield CEO

June 6, 2023 0

According to Venket Naga, the CEO of Serenity Shield — a privacy-preserving decentralized application — many of today’s crypto holders understand the importance of not just protecting and preserving their assets but the ability “to pass them on in case of unexpected events.” In written answers to questions sent by Bitcoin.com News, Naga also argued […]

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Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’

June 6, 2023 0

The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment ecosystem.” Central Bank Will ‘Continue to Monitor’ Need […]

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Bank of America Predicts Milds Recession After Fed’s Tightening Action

June 6, 2023 0

Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to fight inflation, and how this will increase unemployment to 4%. Bank of America […]

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Japan Blockchain Week 2023 Supported by Ministry of Economy, Trade and Industry

June 6, 2023 0

PRESS RELEASE. The Japanese Ministry of Economy, Trade and Industry (METI) has confirmed its support for Japan Blockchain Week 2023, establishing it as a significant platform for both the global and Japanese blockchain communities to convene, building upon the success of the previous year’s event in 2022. Official Website: https://japanblockchainweek.jp/ The Ministry of

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Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020

June 6, 2023 0

Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive Guangying Chen to sign off on payments including payroll. Binance U.S. […]

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Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains

June 6, 2023 0

Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow the interoperation of these licensed stablecoins along several blockchains

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US SEC Identifies 12 Crypto Tokens as Securities in Binance Lawsuit

June 6, 2023 0

The U.S. Securities and Exchange Commission (SEC) has identified 12 crypto tokens as securities in a new lawsuit filed against Binance and its CEO, Changpeng Zhao (CZ). The securities regulator asserted that Binance platforms “have made available for trading on them crypto assets that are offered and sold as investment contracts, and thus as securities.” […]