Some crypto companies might message that the laws are unclear rather than admitting that their platforms don’t have sufficient investor protection. He wrote, “I find the talking point that there’s a lack of clarity in the securities laws unpersuasive. Gary Gensler, the SEC Chair, refuted these claims in an opinion piece in the newspaper. The exchange, along with other key players from the industry, rebutted these allegations claiming that the US SEC has not provided a clear framework for regulations. On top of that, the complaint claims that the exchange has been selling unregistered crypto assets to investors in the US. The US SEC’s complaint alleges that Binance has been running an unregistered exchange, broker, and a clearing agency. Take a look at whether these platforms actually are used by millions of people, if these platforms were tested through time, or if these platforms can guarantee that they have billions in assets so that you will decrease your counterparty risk.”Įarlier this month, the US SEC filed thirteen charges against Binance entities and co-founder Changpeng Zhao. Take a look at which platforms are most popular. He added, “My advice is do your own research. Unfortunately, there are many criminal actors who are using the popular narrative of cryptocurrencies and they are creating scams and different Ponzi schemes to attract naive investors,” he said. more 449.9K 9 posts / month Subscribe Get Email Contact 4. 1 day ago &0183 &32 For several weeks, the crypto space has been waiting to hear the developments of the resounding lawsuit filed on Jun. “I'm not pretending that cryptocurrency is immune to criminal activities. Cayman Islands + Follow RSS Read blogs posts and Press releases about newly-launched DApps and crypto apps from Binance Labs Binance Labs identify, invests, and empowers viable b. Jakubcek, who was formerly a Europol analyst, noted that the crypto space is littered with several bad actors trying to defraud investors, and investors need to remain wary. Just one day after suing Binance, the US Securities and Exchange Commission (SEC) has now sued Coinbase, the largest cryptocurrency exchange operating in the US. Later, the ED noted that the value of the frozen assets stood at $ 8.4 million. As per current exchange rates, the value of the frozen assets would stand at Rs 32,52,39,012.97. During this investigation, we have provided extensive support to the ED, that too often under very short deadlines It allowed identification of the suspects and ultimately led to a substantial seizure of funds,” the Head of Law Enforcement said.Īs per a release by the ED from November 2022, India's Enforcement Directorate (ED) asked the crypto exchange Binance to freeze 150.22 bitcoins as part of a money-laundering investigation relating to a gaming app called E-Nuggets. “An example of such a practical cooperation would be our support of the E-Nuggets investigation. So far we have had a very positive experience supporting the Enforcement Directorate in India, its investigations, as well as working with other law enforcement agencies in the country.” He said, “We do support criminal investigations in India and other jurisdictions. A reference BEP3 implementation for BEP2 and ERC20 tokens was open-sourced. Libraries now available in Golang and ES6+, and are API compatible with existing Solidity tooling.īNB Chain launched BEP3 Support on MainnetīEP3 allows atomic swaps between BNB Chain and other blockchains with smart contract capabilities. Fees from the lawsuits the SEC filed last week could stretch from 50 million to 100 million, said Farshad. Summa has partnered with the Interchain Foundation to build Bitcoin SPV tooling for the Cosmos ecosystem. Binance and Coinbase are making lawyers big winners in life-or-death struggles against the US Securities and Exchange Commission, as the crypto companies start spending what will ultimately tally tens of millions of dollars in legal fees. GoBNB, a WeChat-UX wallet & merchant solution supporting BNB & USDSB, is now live on TestFlight.īitcoin SPV utilities available in Go and JS Click here to read the full newsletter and all the previous ones.īrowserBNB is a Metamask-like browser extension for the BNB Chain by the Button Wallet team. Here we provide a glimpse of the latest newsletter. Binance X, the developer-focused division of Binance, regularly releases newsletters to keep the blockchain industry abreast of the latest technological developments.
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