The US securities regulator was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory that could pave the way for the first product of its kind. A three-judge panel of the District of Columbia Court of Appeals in …
The head of the US Securities and Exchange Commission (SEC), Gary Gensler, announced that the agency is working on regulations to govern the use of artificial intelligence (AI) on trading platforms. Gensler acknowledged that AI poses a risk of conflicts of interest and highlighted the need for innovative approaches to address the challenges it presents …
The US branch of Binance, a prominent cryptocurrency company, has recently undergone a series of layoffs following allegations of securities law violations and a subsequent asset freeze by regulators. According to sources familiar with the matter and employee social media posts, approximately 50 individuals were let go. However, Reuters was unable to independently verify the …
The Securities and Exchange Commission in Nigeria has taken action against Binance, the world’s largest cryptocurrency exchange, ordering it to cease operations in the country due to a local unit that solicited Nigerian investors via an illegal website. The directive, which came in a statement dated June 9th, specifically named Binance Nigeria Limited, stating that …