Binance, facing scrutiny from the US Securities and Exchange Commission (SEC), is taking steps to reorganize its business strategies. In a recent development, the crypto exchange reportedly closed its fiat-to-crypto platform, Binance Connect, on Wednesday. The platform was launched just a year ago in March 2022, with the goal of enabling retailers to accept payments …
The Huobi crypto exchange has sparked concern within the crypto industry, with many speculating that the exchange may be facing insolvency. Several factors contribute to these rumors, suggesting that the exchange is in serious financial distress. This includes significant outflows from the exchange in recent days, leading to a drastic drop in the total value …
Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, asserted on Tuesday that he never intended to intimidate witnesses during his upcoming fraud trial in October. He wrote a letter to US District Judge Lewis Kaplan in Manhattan, explaining that the prosecutors had misinterpreted his actions when he provided a New York Times …