Crypto-currency is crapto-currency. Naturally, the U.S. Securities & Exchange Commission wouldn’t put it that way. The commission is much too proper. But take it from FTF News, that’s the gist of the SEC’s recent complaint against Binance Holdings Ltd. and Changpeng Zhao, its founder. It’s also the gist of a second legal complaint, alleging similar… Read More >>
CFTC Charges Binance Founder With Evading U.S. Law
The U.S. Commodity Futures Trading Commission (CFTC) reports it has “filed a civil enforcement action charging [Binance founder] Changpeng Zhao [CZ] and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.” The CFTC complaint, filed in the U.S. District Court for the Northern District of… Read More >>
Crypto-Currency Exchange Loses $40M via Hackers
Major crypto-currency exchange Binance recently shocked financial markets with the news that it suffered a “large-scale security breach” on May 7 that led to the theft of 7,000 bitcoins (BTC), valued at $40 million in total. The security breach comes as market interest in crypto-currency trading appears to be hitting its stride, according to a… Read More >>
