Recent legal challenges faced by KuCoin with US authorities have led to a significant decrease in user assets on the exchange. According to the latest proof-of-reserve certificate, KuCoin users have experienced a reduction in their Bitcoin holdings by 25.4% to 12,114 BTC in March. Similarly, Ethereum balances have dropped by around 22% to approximately 112,000
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Coinbase CFO Alesia Haas recently expressed her belief that Ethereum (ETH) should not be classified as a security. She pointed out that both the SEC and the CFTC have previously stated the same opinion. Haas emphasized that the lack of regulatory clarity surrounding cryptocurrencies in the US is at the core of the classification issue.
CFTC Commissioner Caroline Pham recently voiced her concerns regarding her agency’s charges against KuCoin. She pointed out that the aggressive enforcement action may be encroaching on the duties of the SEC, raising questions about the delineation of jurisdiction between the two regulatory bodies. Pham’s critique delves into the interpretation of the allegations against KuCoin. She
The recent collaboration between the US and UK governments to investigate crypto transactions amounting to over $20 billion has shed light on potential violations of Russian sanctions. The focus of this joint effort is aimed at uncovering illicit financial activities that may be funding military operations in Ukraine. This development underscores the increasing scrutiny on
KuCoin, a well-known crypto exchange, has recently faced a surge in withdrawal requests after facing criminal charges from the US authorities. Various on-chain analytics firms have reported a significant increase in withdrawals across different categories of traders such as whales, funds, smart money, and market makers. During the reported period, KuCoin witnessed substantial withdrawals of
The recent US criminal charges against KuCoin, a popular cryptocurrency exchange, have caused a stir in the crypto community. CEO Johnny Lyu was quick to address the situation, stating that the charges would not impact the platform’s operational stability and reassuring users that their funds are safe. He took to social media to communicate with
Recently, Binance announced that it would be ending support for Tron network-based USD Coin (USDC) stablecoins by April 5. This decision comes in light of Circle pulling out of the Tron blockchain entirely. Users on the Binance platform now have less than two weeks to withdraw their assets or convert them to USDC on alternative
The recent escape of Nadeem Anjarwalla, a Binance executive, from Nigerian custody has caused a stir in the cryptocurrency community. Anjarwalla, who holds dual citizenship from Kenya and the UK, allegedly absconded on March 22 during Friday prayers at a mosque in Abuja. He managed to use a Kenyan passport to board a flight operated
The recent implementation of EU anti-money laundering regulations has caused a stir among various stakeholders, sparking a heated debate on the balance between combating financial crime and preserving citizens’ rights. The new laws, which have been proposed and approved by the majority of the EU Parliament’s lead committees, have drawn both criticism and support from
A disturbing trend has emerged within the Solana community, as unknown parties have capitalized on the platform’s token creation feature to introduce a plethora of memecoins laden with racist, antisemitic, and anti-China content. This exploitation of Solana’s capabilities has not only tarnished the reputation of the ecosystem but has also sparked outrage among members of