Regulatory Victory: Binance Awarded Full Virtual Asset Service Provider License In Dubai | Bitcoinist.com

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Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license.  Opening Doors For Retail And Institutional Investors According to a local media report, the VASP license obtained by Binance FZE allows the company to expand its offerings […]

Binance’s $4.3 Billion Settlement Faces DOJ Scrutiny Over FTX Ties In Monitorship Decision | Bitcoinist.com

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In recent developments, the US Department of Justice (DOJ) has been reevaluating its choice of law firm to oversee the cryptocurrency exchange Binance as an independent monitor.  The decision concerns the firm’s previous work for the now-bankrupt FTX exchange. The monitorships were part of the $4.3 billion deal in which Binance pleaded guilty to violating […]

First-Ever Conviction For Crypto Smart Contract Hacking: Nirvana Exploiter Sentenced To 3 Years | Bitcoinist.com

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After orchestrating a series of hacks on two decentralized cryptocurrency exchanges (DEXs) that stole more than $12 million worth of crypto, former security engineer Shakeeb Ahmed was sentenced today to three years in prison, this is the first-ever smart contract hacking conviction in the US.  Ahmed was also ordered to forfeit the stolen crypto and pay […]

Binance CEO’s Thrilling Revelation Sets New Course For Global Headquarters Strategy | Bitcoinist.com

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In a recent interview with CNBC, Binance’s CEO, Richard Teng, addressed the company’s “cultural issues” and its commitment to compliance following a $4.3 billion fine settlement with the US Department of Justice (DOJ).  Teng also highlighted Binance’s transition to “greater maturity” and plans for the potential establishment of a global headquarters, the lack of which […]

Binance Establishes First-Ever Board Of Directors Following Legal Setbacks | Bitcoinist.com

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Binance, the world’s largest cryptocurrency exchange by trading volume, has taken a significant step towards reshaping its operations by appointing a board of directors for the first time. This move comes after the exchange pleaded guilty last year to US charges related to anti-money laundering (AML) and sanctions violations.  Binance Unveils Inaugural Board Of Directors […]

House GOP Pressures SEC To Clarify Ethereum’s Security Designation For Prometheum’s Custody | Bitcoinist.com

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In a joint effort, Republican lawmakers led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson have called upon Securities and Exchange Commission (SEC) Chair Gary Gensler to provide further clarification on the agency’s stance regarding the custody of Ethereum (ETH) by Prometheum.  The lawmakers, including Representatives French Hill, […]

Ethereum Designated As Commodity By CFTC, Triggering Regulatory Conflict With SEC | Bitcoinist.com

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A recent development highlights the ongoing interagency drama between the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC): the classification of major cryptocurrencies has become a focal point of contention.  Once again, the CFTC has affirmed its position that Ethereum (ETH) and several other cryptocurrencies should be classified as commodities, […]

SEC Faces Lawsuit Over Crypto Airdrops, Defendants Push For Non-Security Status | Bitcoinist.com

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The US Securities and Exchange Commission (SEC) is facing a new lawsuit that aims to challenge the regulator’s failure to provide a clear regulatory framework for the crypto industry, specifically regarding classifying crypto airdrops as securities.  The lawsuit, filed by the DeFi Education Fund (DEF) and Beba Collection, an apparel company based in Texas, seeks […]

Spot Bitcoin ETF Issuer WisdomTree Receives Approval For Crypto App Launch In New York | Bitcoinist.com

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In a significant development, spot Bitcoin exchange-traded fund (ETF) manager WisdomTree, has been granted a trust company charter by the New York State Department of Financial Services (NYDFS), marking another regulatory victory for the company following its ETF approval by the US Securities and Exchange Commission on January 10.  This regulatory win allows the company […]

Coinbase Gains Strong Support From Paradigm And Industry Leaders In SEC Battle | Bitcoinist.com

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The cryptocurrency industry is pushing the US Securities and Exchange Commission (SEC) to establish clear rules and regulations for the crypto market. Major players, including Paradigm, the Crypto Council for Innovation, and the US Chamber of Commerce, have argued with the district court to support Coinbase’s appeal to the SEC to provide specific guidelines for […]

Genesis Faces $21 Million Penalty As SEC Charges Are Settled | Bitcoinist.com

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Crypto lender Genesis Global, has agreed to a final judgment imposing a $21 million civil penalty and a permanent injunction as part of a settlement with the US Securities and Exchange Commission (SEC). The settlement resolves charges against Genesis related to the unregistered offer and sale of “securities” through its crypto asset lending program, the […]

Binance Adopts Stricter Token-Listing Framework Amid Regulatory Headwinds | Bitcoinist.com

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Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly introduced stricter requirements for listing new digital tokens. The move aims to strengthen investor protection against “rug pulls,” or fraudulent tokens, and address concerns about the alleged “lack of oversight” of token listings in the crypto industry.  According to Bloomberg, the changes began rolling […]