Before suing Coinbase, SEC asked it to trade only in bitcoin -FT

Written by on August 3, 2023

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)

July 31 (Reuters) – The U.S.

Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies except bitcoin before suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing CEO Brian Armstrong.

Elsewhere, the Turkish lira slid nearly 2% to a fresh record low of 21.99 per U.S.

dollar, while the Canadian dollar rose to a fresh one-month high of C$1.3388 to the greenback ahead of an interest rate decision later on Wednesday.

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Last week, Binance was sued by the U.S.

Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S.

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Top token bitcoin last week hit $31,818, its highest for a year, and is up more than 80% in price so far in 2023. However, the asset remains less than half its all-time high of $69,000.

(Reporting by Tom Wilson in London; Editing by Sharon Singleton)

Readymade script or Bitcoin clone script which is the prebuilt or inbuilt script.

Which is taken as a clone for the various famous and popular bitcoin exchange websites like Bitfinex, Binance, Bittrex and more. By the way, your website merely appears to them with the appearance and functionalities.

SEC Chair Gary Gensler has long said tokens constitute securities and has steadily asserted its authority over the crypto market, focusing initially on the sale of tokens and interest-bearing crypto products.

More recently, it has taken aim at unregistered crypto broker dealer, 바이낸스 exchange trading and clearing activity.

Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry. (Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath)

A slew of altcoins – a catch-all for most cryptocurrencies except bitcoin and ether – have been harpooned in lawsuits filed by U.S.

regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens.

With its automation feature, it helps traders to place trades automatically without watching the market trends continuously.

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This way, the traders can automate their positions exits by placing OCO in two instances of taking profits and realizing losses.

Coinbase also announced on Friday that it would limit its crypto staking services for retail customers in California, New Jersey, South Carolina and Wisconsin, pending proceedings several states initiated against the exchange last month, claiming that the program violated securities laws.

Eyes will now be trained on the Bank of Canada’s latest policy decision on Wednesday, with many forecasting it will resume tightening interest rates after a four-month pause.

Delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the US,” Armstrong told the FT. “We really didn’t have a choice at that point.

arm of Binance said it would remove digital asset token tron from its trading platform. (Reporting by Mehnaz Yasmin and Medha Singh in Bengaluru)

The SEC charged the Tron Foundation and its founder Justin Sun with fraud in March.

A month later the U.S.

The most important thing to remember is to conduct thorough research and develop your own trading strategy without being hasty or overconfident before you buy Bitcoin or any other cryptocurrency.

In this article, we wanted to make sure that you can find some answers to your most curious questions before investing. Attempting to answer these questions is a commendable achievement.


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