SEC Denies Coinbase’s Plea for Clarity on Crypto Regulations, But the Fight Continues
Despite SEC denial, Coinbase stays hopeful in crypto regulation fight.
Bittrex Filing for Bankruptcy Amidst Legal Challenges
Bittrex Inc., a Seattle-based crypto exchange, files for Chapter 11 bankruptcy following a lawsuit from the SEC. Despite this, Bittrex Global continues its operations, serving customers outside the U.S.
Coinbase Faces Lawsuit Over Alleged Biometric Privacy Violations
Coinbase faces a lawsuit for allegedly violating Illinois' Biometric Information Privacy Act (BIPA) by improperly collecting, storing, and distributing customers' biometric data. The plaintiff seeks $5,000 in damages for each intentional and reckless violation, plus an additional $1,000 for every discovered violation.
Binance Removes Russian Account Restrictions Amid Crypto Solutions for Sanctions
Binance lifts restrictions on Russian accounts, allowing crypto purchases with Russian bank cards, as the country explores alternative payment technologies like CBDCs and cryptocurrencies to bypass international sanctions.
Bybit sets up global HQ in Dubai, reports 50% user growth
Bybit, the crypto trading platform, has established its global headquarters in Dubai and is reporting a significant 50% growth in users. The move to Dubai signifies Bybit's commitment to expanding its presence in the Middle East, and its enthusiastic user growth indicates the platform's rising popularity.
