Avantgarde, Agio Digital Unveil Institutional Onchain Funds Platform
The platform will allow for users to set up fully regulated on-chain funds. Source
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Funds
Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
According to a new report published by blockchain analytics firm Nansen on June 14, most reputable cryptocurrency exchanges adopted user protection funds amid the collapse of FTX. Together, exchanges such as Binance, OKX and Bitget have more than $2 billion combined in nominal fiat protection funds. Meanwhile, Huobi’s insurance fund
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DeFi protocol Sturdy Finance offers $100K bounty to hacker if funds are returned
Decentralized finance (DeFi) platform Sturdy Finance has offered a $100,000 bounty to the hacker that exploited the protocol. The lending platform said that its team won't pursue the issue further if the attacker accepts the offer. On June 12, the DeFi platform suffered a loss of almost $800,000 in digital assets
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Binance.US counters SEC’s motion to freeze funds as it threatens its business
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance.US has vehemently opposed the US Securities and Exchange Commission’s (SEC) proposed temporary restraining order, claiming that it would effectively end its business operations. The crypto exchange filed a response on June 12, criticizing the SEC’s emergency
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‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business.In a June 12 filing, Binance.US slammed the SEC’s emergency motion for a temporary restraining order on its business,
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Bitcoin (BTC) Outflows of $52M Lead Exits From Crypto Funds
“We believe this is monetary policy related, with currently no clear end in sight to interest rate rises, leaving investors cautious,” said CoinShares. Regulatory policy no doubt played a role as well, with the SEC’s lawsuits last week against Coinbase and Binance the catalyst behind the latest leg down in
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Vitalik Buterin’s Shiba Inu Donations to Power New Round of India Covid Relief Funds
Buterin said the new donation would work toward reducing the long-term impact of coronavirus. Source
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Binance.US clarifies CoinDesk claim about user funds and platform security
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy
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SEC accuses Binance CEO of diverting billions in customer funds
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC alleges that Binance CEO Changpeng Zhao and financial manager Guangying Chen channeled billions from customers through a holding company, igniting new concerns over the crypto exchange’s business practices. In a new court filing, the
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SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’
The United States Securities and Exchange Commission (SEC) has filed another document in its lawsuit against Binance.US, saying investors’ funds are at risk. In the filing entered on June 5, the regulators claim that the defendants, including Binance CEO Changpeng Zhao and Binance Holdings Ltd., “have enriched themselves by billions of
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