Binance has not sold either bitcoin or Binance Coin, CEO says

Arsenal Football Club’s promotion of its fan token with partner Socios on its website and Facebook in August 2021 was also deemed by the ASA to have trivialised investing in crypto.

markets being drained of cash. NEW YORK/LONDON June 9 (Reuters) – U.S.

shares struck new highs for the year on Friday, setting world stocks up for gains for the week, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S.

In statements on Monday, Binance said it had been cooperating with the SEC’s probes and had “worked hard to answer their questions and address their concerns”, including by trying to reach a negotiated settlement.

“We intend to defend our platform vigorously,” it said in a blog.

The lawsuit, which cited a number of practices first reported by Reuters in a series of investigations into the exchange, marks the most significant step against a crypto company by the SEC in its sweeping crackdown on the industry this year.

Ethereum is trading down 2.66 per cent at $1,832, while Binance’s BNB cryptocurrency fell to a near three-month low of $278.20 after the price tumbled 9.2 per cent on Monday.

“We’d gone through this long period of just consistently negative news to make the space look pretty grimy, and everyone was shaking their heads,” said Chris Weston, head of research at brokerage Pepperstone in Melbourne.

June 27 (Reuters) – Asset manager Fidelity is expected to file with the U.S.

securities regulator for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs, the Block reported on Tuesday citing a source familiar with the matter.

Regulating bitcoin in more countries is one factor that can affect the prices as the real world usage would increase.

On the other hand, some countries like Dubai and Venezuela have their own cryptocurrency while others like Japan, Estonia, and Sweden have planned to launch their cryptocurrency. Japan has become the highest bitcoin trading country in the world.

Japan was the first nation to regulate bitcoin and treats it the same way as Yen. As more and more countries introduce their cryptocurrency, the competition against bitcoin will be higher which will affect the demand and price volatility. The country also has more than 200,000 stores that accept bitcoin.

In its complaint filed in Manhattan federal court, the SEC said Coinbase has, since at least 2019, made billions of dollars by operating as a middleman on crypto transactions, while evading disclosure requirements meant to protect investors.

Bitcoin, the world’s biggest and best-known cryptocurrency, was last up 5.5% on Wednesday at 29,881.00 after hitting a high of $30,755.00.

It is up roughly 81% for the year-to-date.

Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binance. on alleged violations of securities laws.

Earlier this month, the U.S.

Soft service sector surveys for May on Monday underlined that idea. A relatively quiet week for U.S.

macroeconomic and market news has investors resting on an assumption the Federal Reserve will skip a rate rise at next week’s policy meeting, while considering one last hike in its campaign next month.

“Altcoins … represent assets who remain in the much earlier stages of development compared to bitcoin, with investors willing to give them the benefit of doubt, holding on their investment, hoping they will come to fruition,” said CoinShares analyst James Butterfield.

The move comes amid renewed regulatory scrutiny at the world’s largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued by the U.S.

Securities and Exchange Commission.

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In all the cases, it said the filings did not meet the standards designed to prevent fraudulent and manipulative practices and protect investors and the public interest.

(Reporting by Carolina Mandl and John McCrank, in New York, and Manya Saini in Bengaluru; Additional reporting and editing by Michelle Price. Editing by Shinjini Ganguli, Michelle Price, Alexander Smith and David Gregorio)

June 15 (Reuters) – BlackRock is close to filing an application for a bitcoin exchange-traded fund (ETF), CoinDesk reported on Thursday, citing a person familiar with the matter.