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 Binance and CZ renew calls to dismiss CFTC lawsuit

Binance and CZ renew calls to dismiss CFTC lawsuit


Published: 2023-10-24


1. Binance CEO Changpeng Zhao (CZ) and call to dismiss CFTC lawsuit. - The article focuses on the lawsuit faced by Binance and its CEO,Changpeng Zhao (CZ),by the U.S. Commodity Futures Trading Commission (CFTC). - The CFTC claims that Binance allowed U.S. residents to trade derivatives on their platform without proper registration. - CZ has responded by calling for the dismissal of the lawsuit,arguing that Binance is not based in the United States and therefore not subject to U.S. regulations. - Binance has previously announced plans to establish a robust compliance program to meet regulatory requirements in various jurisdictions.

2. Jurisdictional concerns: Binance's non-U.S. presence. - One of the main points emphasized in the article is Binance's argument that it is not subject to U.S. regulations due to its non-U.S. presence. - Binance operates as a decentralized cryptocurrency exchange,and its servers are spread across multiple countries,making it challenging for any single jurisdiction to regulate its activities fully. - CZ argues that the CFTC does not have jurisdiction over Binance,and the lawsuit should be dismissed on this basis.

3. Compliance efforts and regulatory challenges. - The article highlights Binance's commitment to implementing a robust compliance program to meet regulatory requirements. - Binance plans to work closely with regulators and strengthen its compliance measures to ensure appropriate customer protection and adherence to regulations. - However,the article also points out the challenges faced by cryptocurrency exchanges in navigating the complex and evolving regulatory landscape. - Binance is not the only exchange facing legal scrutiny,as regulators worldwide are increasingly focusing on regulating cryptocurrency trading and related activities. Note: The information provided in each topic is summarized and should not exceed 250 words in total.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 67,119.99 1,426,442,773.46
2 ARS title=ARS 1,109.70 907,325,823.20
3 ETH title=ETH 3,096.24 709,358,824.10
4 SOL title=SOL 177.19 659,759,441.28
5 PEPE title=PEPE <0.01 178,564,052.37
6 WIF title=WIF 2.72 171,861,306.72
7 RUNE title=RUNE 6.82 116,242,430.49
8 XRP title=XRP 0.51 112,020,997.40
9 DOGE title=DOGE 0.15 102,632,090.21
10 LINK title=LINK 16.52 90,631,223.07
11 BONK title=BONK <0.01 87,031,500.38
12 NEAR title=NEAR 7.90 79,673,413.21
13 FTM title=FTM 0.90 75,128,508.92
14 PYTH title=PYTH 0.45 74,820,174.94
15 BOME title=BOME 0.01 71,970,356.73
16 CREAM title=CREAM 72.53 68,957,110.46
17 RNDR title=RNDR 10.22 66,190,309.30
18 ENA title=ENA 0.72 59,364,098.10
19 AVAX title=AVAX 35.94 45,685,432.04
20 FLOKI title=FLOKI <0.01 44,575,938.94
21 PENDLE title=PENDLE 5.34 43,868,692.28
22 UNFI title=UNFI 5.00 42,817,379.26
23 ORDI title=ORDI 39.50 42,010,851.71
24 WLD title=WLD 4.76 41,704,086.31
25 PEOPLE title=PEOPLE 0.04 41,553,484.79
26 BCH title=BCH 486.60 40,718,019.88
27 AR title=AR 47.44 39,377,840.13
28 ADA title=ADA 0.47 36,415,226.02

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Unifi Protocol DAO title=UNFI 5.00 +26.69
2 Viction title=VIC 0.49 +17.34
3 Pendle title=PENDLE 5.34 +11.81
4 Raydium title=RAY 1.98 +9.90
5 dogwifhat title=WIF 2.72 +9.04
6 Ooki title=OOKI <0.01 +8.11
7 Pyth Network title=PYTH 0.45 +7.52
8 Theta Network title=THETA 2.32 +7.47
9 Cream title=CREAM 72.53 +7.04
10 Gnosis title=GNO 311.80 +5.70
11 Sui title=SUI 1.10 +5.64
12 Solana title=SOL 177.19 +4.70
13 Injective title=INJ 25.58 +4.41
14 BinaryX title=BNX 1.15 +4.38
15 TrueFi title=TRU 0.13 +4.19
16 BOOK OF MEME title=BOME 0.01 +3.45
17 Fantom title=FTM 0.90 +3.09
18 Orion title=ORN 1.39 +3.01
19 Golem title=GLM 0.53 +2.88
20 Aevo title=AEVO 0.83 +2.86
21 Pepe title=PEPE <0.01 +2.84
22 Marlin title=POND 0.02 +2.72
23 Ampleforth Governance title=FORTH 4.02 +2.61
24 Arweave title=AR 47.44 +2.50
25 IOTA title=IOTA 0.22 +2.47
26 SSV Network title=SSV 44.05 +2.32
27 BEAMX title=BEAMX 0.03 +2.27
28 Arkham title=ARKM 2.42 +2.24
29 Voyager title=VGX 0.08 +1.85
30 Reserve Rights title=RSR <0.01 +1.83

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Bluzelle title=BLZ 0.28 -8.56
2 Manchester City Fan Token title=CITY 3.18 -8.49
3 Keep3rV1 title=KP3R 75.04 -7.19
4 ForTube title=FOR 0.02 -6.33
5 DIA title=DIA 0.45 -6.23
6 Alchemix title=ALCX 23.26 -6.13
7 Lisk title=LSK 1.73 -5.68
8 ORDI title=ORDI 39.50 -5.07
9 Portal title=PORTAL 0.73 -4.84
10 DeXe title=DEXE 12.27 -4.82
11 0x Protocol title=ZRX 0.54 -4.68
12 Fusionist title=ACE 4.50 -4.54
13 Bonk title=BONK <0.01 -4.33
14 Synapse title=SYN 0.75 -4.19
15 Celestia title=TIA 8.70 -4.19
16 Renzo title=REZ 0.10 -4.17
17 Hive title=HIVE 0.31 -4.15
18 Wanchain title=WAN 0.23 -4.11
19 PlayDapp title=PDA 0.07 -4.08
20 Yield Guild Games title=YGG 0.86 -4.05
21 SuperRare title=RARE 0.12 -3.69
22 OAX title=OAX 0.22 -3.65
23 eCash title=XEC <0.01 -3.61
24 Akropolis title=AKRO <0.01 -3.59
25 xMoney title=UTK 0.08 -3.59
26 AC Milan Fan Token title=ACM 2.27 -3.57
27 1000SATS (Ordinals) title=1000SATS <0.01 -3.44
28 AdEx title=ADX 0.19 -3.32
29 Phala title=PHA 0.20 -3.31
30 Decred title=DCR 19.48 -3.23

Bitcoin's Greed and Fear Index.

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70
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Bitcoin bulls take charge as SOL AR GRT and FTM flash bullish signs 2024-05-20
2 Ripple publishes math profs warning public key cryptosystems should be replaced 2024-05-20
3 Crypto exchange Kraken has no plans to delist USDT in Europe for now 2024-05-20
4 Pumpfun exploiter claims he was arrested in UK and now on bail 2024-05-20
5 Spot Ether ETFs will come down to a 5 person vote Gensler the decider 2024-05-20
6 5 of 7 on chain indicators suggest the bull run is just beginning 2024-05-20
7 Microsoft faces multibillion dollar fine in EU over Bing AI 2024-05-19
8 Bitcoins 669K price holds strong casts doubts on a deep correction 2024-05-19
9 Phantom Wallet climbs Apple app store charts Bullish sign for Solana 2024-05-19
10 XRPL on chain transactions jump 108 in Q1 2024 2024-05-19
11 Venezuela bans crypto mining to protect power grid 2024-05-19
12 Bitcoin clings to 67K but analysis warns of 10 BTC price drop next 2024-05-19
13 Tornado Cash verdict has chilling implications for crypto industry 2024-05-19
14 OpenAI leadership responds to former employee safety allegations 2024-05-19
15 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
16 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
17 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
18 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
19 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
20 Genesis Global secures court approval for 3B payout 2024-05-18
21 US authorities bust 73M crypto scam make two arrests 2024-05-18
22 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
23 What is the Ethereum ETH burn address 2024-05-18
24 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
25 Godfather of AI advises UK government to start UBI 2024-05-18
26 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
27 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
28 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
29 Blockchain gaming investments reached nearly 1B in April 2024-05-18
30 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
31 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
32 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
33 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
34 Crypto personality pleads guilty to fraud after promising 60 039fictitious039 returns 2024-05-18
35 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
36 Over 80 of recent Binance token listings are bleeding red 2024-05-17
37 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
38 Sony warns 700 AI devs music streaming companies against content misuse 2024-05-17
39 How to trade crypto in the UK using Revolut X 2024-05-17
40 Binance backed Magic Square IDO platform to democratize retail investor access 2024-05-17
41 Is onboarding too hard Crypto adoption still faces major obstacles 2024-05-17
42 Bitcoin preps 039golden cross039 which last sparked 170 BTC price gains 2024-05-17
43 Dolce amp Gabbana face class action lawsuit after NFT delivery kerfuffle 2024-05-17
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45 Harvard built hacker proof quantum network in Boston using existing fiber cable 2024-05-17
46 French regulator warns investors Bybit provided services illegally 2024-05-17
47 Bitwise CIO says BTC ETFs are huge success and 13F filings make him incredibly bullish 2024-05-17
48 Big miners pose a growing existential threat to Bitcoin 2024-05-17
49 VC Roundup Web3 infrastructure tokenization of everything drawing investors 2024-05-17
50 Bitcoin moves toward range highs but derivatives traders watch from the sidelines 2024-05-17

US news that has a significant impact on the market

at news day date time
1 FOMC Member Bostic Speaks Monday 20-05-2024 12:30
2 FOMC Member Bostic Speaks Monday 20-05-2024 13:45
3 FOMC Member Waller Speaks Monday 20-05-2024 14:00
4 FOMC Member Barr Speaks Monday 20-05-2024 14:00
5 FOMC Member Jefferson Speaks Monday 20-05-2024 15:30
6 FOMC Member Mester Speaks Monday 20-05-2024 19:00
7 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
8 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
9 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
10 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
11 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
12 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
13 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
14 Existing Home Sales Wednesday 22-05-2024 15:00
15 Crude Oil Inventories Wednesday 22-05-2024 15:30
16 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
17 Unemployment Claims Thursday 23-05-2024 13:30
18 Flash Manufacturing PMI Thursday 23-05-2024 14:45
19 Flash Services PMI Thursday 23-05-2024 14:45
20 New Home Sales Thursday 23-05-2024 15:00
21 Natural Gas Storage Thursday 23-05-2024 15:30
22 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
23 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
24 Durable Goods Orders m/m Friday 24-05-2024 13:30
25 FOMC Member Waller Speaks Friday 24-05-2024 14:35
26 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
27 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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