Financial News

NEW YORK (AP) — The Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform and brokerage service.

Wall Street crept modestly lower for a second straight day Tuesday, following a weekslong rally that carried markets to an 10-month high.

Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law.

Major crypto exchange Kraken investigated an issue with crypto funding gateways, including BTC, ETH, and ERC-20, with users experiencing delays in deposits and withdrawals.

Total liquidations have topped $280 million in 12 hours on June 5 as crypto market sentiment has turned more fearful.

Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.

When Elon Musk’s reign of toxic chaos began, Christopher Bouzy didn’t just go looking for a rival place to post. He joined the crowded race to create one. (It got difficult.)

The SEC alleges that the world’s largest crypto exchange and its founder, Changpeng Zhao, lied to regulators and put customers and investors at risk.

The former part owner of the NFL team was ordered to forfeit more than $700 million to the defunct Alliance of American Football.

Binance and its founder Changpeng Zhao were sued by the SEC on Monday for allegedly misusing customer funds and diverting some to a trading entity owned by Zhao.

Both are significant tokens in the Binance ecosystem and had their prices drop by more than 8% over a four-hour period.

The SEC on Monday charged the crypto exchange and its CEO with violating a number of securities laws, including offering unregistered securities to the public.