In response to the Biden administration’s intensified scrutiny of the cryptocurrency sector, Binance is set to restrict dollar withdrawals from its US-based cryptocurrency exchange in the coming days.
Cryptocurrencies continue downward spiral following lawsuit from American regulators
The ongoing decline in Bitcoin and Ethereum continues, as uncertainty is projected to keep influencing the market. Bitcoin, the cryptocurrency with the largest market capitalization, dropped 1.3% to US$26,432, while
Regulators Initiate Legal Action Against Coinbase Amid Increasing Scrutiny on Crypto Industry in the US
Coinbase, the leading US crypto asset exchange, faces a lawsuit from American regulators, marking a growing clampdown on the digital token sector.
Pending enforcement action may put over a third of Coinbase’s revenues at risk.
US regulator, the Securities and Exchange Commission (SEC), has sent a Wells Notice to Coinbase Global Inc (NASDAQ: COIN), a cryptocurrency exchange listed on Nasdaq.
Biggest US crypto exchange joins Gemini, BlockFi in staff cuts, Coinbase to Lay Off 18% of Workers.
Coinbase Global Inc. announced Tuesday that it would lay off 18% of employees in an additional sign of a worsening cryptocurrency downturn that has slashed hundreds of millions of dollars