
April 21st, 2025
The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong.
The exchange saw a 43% jump in its number of new users from the Latin America region in just three days.
While Hong Kong welcomes cryptocurrency, digital asset trading remains banned in mainland China.
The SEC lawsuits last week led to a heavy correction in the altcoins space as the SEC names several altcoins as securities. This, in turn, has helped the Bitcoin dominance to grow.
Binance is also pausing its OTC Trading Portal services in the US. The exchange said that it will notify users if and when the portal opens in the coming weeks and months.
Bitcoin’s strong bounce back despite the SEC lawsuits has made analysts optimist about the beginning of the next bull run.
Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good.
Per the latest allegations, Coinbase is operating as an unregistered national securities exchange and broker.
Following a recent strike at major crypto exchanges, the SEC has inadvertently caused an over 400% rise in trading volumes on DeFi platforms.
According to Coinbase CEO Brian Armstrong, the company’s legal team is well prepared to represent the crypto industry in court to get regulatory clarity.
From the multiple crashes of last year to the crypto banking saga in March, there are a lot of reasons why investors may be looking for ways to get their funds out of centralized exchanges.
The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules.
Representatives from Coinbase, Robinhood, and the Commodity Futures Trading Commission, among others, will speak at a House Agriculture Committee hearing on digital asset regulation about the recently released draft crypto bill.
The German researchers found out that AI-related crypto assets jumped as much as 35 percent after the launch of ChatGPT.
The SEC filing against Binance had a significant impact not only on Coinbase but also on other linked entities and cryptocurrencies.