The story in question, “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators,” claimed that Binance set up American crypto exchange Binance.US as a way to “intentionally deceive regulators and surreptitiously profit from crypto investors in the United States.”
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JPMorgan Chase CEO Jamie Dimon is not about to join other big investors on the Bitcoin Train (Photo: World Economic Forum)Still a skeptic: JPMorgan Chase boss Jamie Dimon says ‘Bitcoin is not my cup of tea’
The CEO also predicts there’s trouble brewing for the cryptocurrency if its market cap gets any bigger, warning the U.S. ‘can regulate whatever they want’
Bitcoin’s tantalizing rise to $18,000—a 13% increase in the space of a week—still isn’t enough to impress JPMorgan Chase chief executive Jamie Dimon. However, that isn’t to say that Dimon is skeptical about digital assets or the power of blockchain technology.
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Are Chinese legal troubles are interfering with acquisitions by Huobi Group and its founder Leon Li (Photo: Huobi Group)Is China’s top crypto exchange Huobi looking to acquire South Korea’s and Japan’s top exchanges?
A reporter suggests that Huobi is willing to acquire Japan’s largest exchange Bitflyer and Korea’s largest exchange Bithumb, but an investigation has put the deals on hold
The acquisition of the two competitors would make Huobi one of the most powerful firms in crypto, considering that according to CoinMarketCap data Huobi is already the second most liquid cryptocurrency spot exchange. Bitflyer, on the other hand, is the seventh, and Bithumb the fifth.
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SEC Chair Jay Clayton stepping down early
An unpopular figure in the cryptocurrency and digital asset industry, under Clayton the Securities and Exchange Commission declared almost all cryptocurrencies were securities, led a legal assault on ICOs, and blocked bitcoin EFTs
Clayton’s SEC brought 56 cases since its July 25, 2017 DAO report first declared virtually all ICO tokens were securities. It added that the SEC stopped 18 suspected frauds involving blockchain, digital assets, or distributed ledger technology.
