• CFTC investigating Binance
    Cryptocurrencies,  Regulation

    CFTC investigating Binance for American crypto customers: Report

    The enforcement agency may be investigating whether the No. 1 cryptocurrency exchange still serves American clients, despite claims that it does not

    Binance began kicking U.S. customers off its platform in November—even though it had closed its platform to Americans on June 14, 2019—after setting up the independent exchange Binance.US in the country. At the time, Binance CEO Changpeng “CZ” Zhao said Binance.US would “bring the security, speed, and liquidity of Binance.com to North America,” in full regulatory compliance with all U.S. laws.

  • ripple SEC bank accounts
    Regulation,  Ripple,  XRP

    Ripple Execs to SEC: Stay out of our bank accounts

    Brad Garlinghouse and Chris Larsen accuse the Securities and Exchange Commission of seeking a ‘fishing expedition’ through their personal finances

    “The SEC’s multi-front attempt to troll through the Individual Defendant’s personal financial information in a non-fraud litigation, where the Defendants have already agreed to produce the relevant information regarding the challenged transactions, is a wholly inappropriate overreach,” the pair’s lawyers said in March 11 filing.

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin aims for top 3 weekly close

    All-Time highs remain untouched as continued rejection at $58,000 means that the bull run may be on ice over the weekend

    The past week’s trading has been one big guessing game for hodlers as Bitcoin edges ever closer to all-time highs—but avoids hitting them. Rumors that Oracle was about to announce a giant 72,000 BTC buy-in looked set to obliterate the trading channel once and for all, but a let-down instead brought a solid reinforcement of the current range.

  • Simplify ETF circumvent SEC restrictions
    Bitcoin,  Regulation

    U.S. ETF firm looks to circumvent SEC restrictions

    Simplify Exchange Traded Funds’ proposed ETF would hold up to 15% Grayscale Bitcoin Trust, with the rest being invested in the U.S. stock market

    The filing shows how desperate United States financial firms are to launch a Bitcoin ETF despite the SEC’s longstanding opposition, which is based on market volatility, alleged manipulation, and the purported lack of liquidity. A number of straight Bitcoin ETF proposals are pending before the SEC, including projects by Valkyrie, Bitwise, VanEck, and even Goldman Sachs. Appetites have been whetted by the success of Canada’s Purpose Bitcoin ETF, which attracted more than a half billion dollars in its first few days.