Binance Finally Responds To U.S. Regulatory Concerns; But Fails To Provide Financials
The latest news from Binance indicates that the exchange has issued a response to the accusations made by three prominent US senators.
Vietnam has a Growing Cryptocurrency Market
Vietnam has become the second Southeast Asian country, after Thailand, with the highest number of crypto investors, with over 16.6 million cryptocurrency holders, according to a local media outlet report citing the "Vietnam Crypto Market Report 2022." The report also shows that around 200 blockchain projects are currently operating in Vietnam, with the majority focused on DeFi, NFTs, Web3, Infrastructure, and GameFi. The crypto sector in Vietnam continues to grow, despite the government's efforts to limit investor activities with crypto.
Signature Bank Was Under Criminal Investigation Prior To Its Downfall
New York-based Signature Bank, which had a large connection to the bitcoin market, has been shut down by state authorities due to a serious loss of trust in its management, following the failure of Silicon Valley Bank. Investigations were ongoing before its closure into possible money laundering by cryptocurrency customers.
Anchorage Digital lays off 20% of staff as other crypto-friendly banks shutdown
On March 14, Bloomberg reported that Anchorage Digital, a bank specializing in cryptocurrency, will be reducing its workforce by approximately 20%.
After SVB's Failure, Regulators Close Signature Bank, A Cryptocurrency-Friendly Bank
The continuing financial catastrophe in the US has claimed its newest victim: Signature Bank. On Sunday, the New York-based financial organization suddenly stopped operating, raising concerns among both clients and authorities.
Coinbase Challenges US SEC “Regulation By Enforcement” As Crypto Recovers
Coinbase is urging the U.S. SEC to prioritize developing appropriate rules and guidance for securities, rather than pursuing misguided securities lawsuits.
Bitcoin Price Soars to $22.6K As A Result Of Binance Converting $1 Billion Into BTC, BNB, And ETH
Binance CEO Changpeng Zhao announced on Twitter that they plan to convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB, and ETH.
After US Officials End Parent Firm, Bank of England Closes Silicon Valley Bank's UK Office
The Bank of England has closed Silicon Valley Bank (SVB), which was shut down by American authorities on Friday. The company will be subject to bank bankruptcy processes, the central bank stated.
NY Attorney General Sues KuCoin for Alleged Violations of Securities and Commodities Laws
The KuCoin cryptocurrency exchange is being sued by the New York Advocate General's office for reportedly breaking state securities and commodities rules. Attorney General Letitia James asserts that Ethereum (ETH), is the second-largest cryptocurrency by market value, as well as Terra (LUNA) and TerraUSD (UST) stocks.
KuCoin Crypto Exchange Sued By NYAG Over Selling Securities
The crypto market has been relatively quiet today, however, the New York Attorney General has recently filed a lawsuit against KuCoin exchange.
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