Platform Financial News

The Ethereum price has inched upwards by 0.4% in the past 24 hours, rising to $1,729 after Ethereum developers proposed raising the deposit requirement for validators from 32 to 2,048 ETH.

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One of the latest trends in the crypto industry is virtual reality (VR). Various innovative projects are using VR to build metaverses, games, and other experiences. 

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In the rapidly evolving realm of cryptocurrencies, Litecoin has established itself as a prominent player. 

The US Securities and Exchange Commission was recently heavily criticized by a Coinbase executive after it provided rather evasive responses to questions from the US federal court. 

Popular sports brand Nike has hinted at the possibility of launching a collection of sneaker-themed non-fungible tokens (NFTs) within the popular game Fortnite.

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The XRP price has gained by 1% in the past 24 hours, inching up to $0.490659 as the cryptocurrency market as a whole dips by 0.5%.

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New cryptocurrency AiDoge (AI) is set to be listed on its first crypto exchanges tomorrow, on MEXC and Uniswap DEX - both at 9am UTC on Monday, June 19th. 

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Binance, the world's largest cryptocurrency exchange, has been ordered to repatriate and maintain within the country all its U.S. customers' assets, ensuring Binance.US users can access funds while the exchange battles a lawsuit by federal regulators.

Binance crypto exchange has decided to withdraw from the Dutch market following an unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator.

Artificial intelligence (AI) has gained significant traction across various sectors, including the blockchain industry.

New York Attorney General Letitia James has successfully recovered over $1.7 million from CoinEx (COINEX) following a lawsuit against the cryptocurrency platform. CoinEx was found to be operating without the necessary registration as a securities and commodities broker-dealer and falsely representing itself as a crypto exchange. The resolution of the lawsuit requires CoinEx to refund more than $1.1 million to New York investors and pay over $600,000 in penalties to the state.

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South Korea’s financial industry thinks the nation’s security token offerings (STO) market could be worth $287 billion by 2030, with the biggest commercial banks in the country “lining up” to get involved.

Cryptocurrency exchange Binance said it will leave the Netherlands after the company's application to register under the Dutch crypto authorization regime was rejected.

Among other things, the SEC alleges that, while Zhao and Binance publicly claimed that US customers were restricted from transacting on the firm's international exchange, in reality they "subverted their own controls" to skirt this rule.Further, the SEC alleges that, while Zhao and Binance publicly claimed that the company's US exchange was created as a separate, independent trading platform for US investors, they secretly controlled Binance.US operations behind the scenes.According to the SEC, Zhao and Binance have been able to commingle customer assets or divert customer assets as they please, including to an entity Zhao owned and controlled called Sigma Chain. SEC chair Gary Gensler says: "Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law."As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied.