In a statement the SEC said it has sued the founder of a now-defunct cryptocurrency exchange platform BitConnect over the alleged role of the founder’s role in fraudulently raising nearly $2 billion from thousands of retail investors. The SEC expanded its civil lawsuit against BitConnect founder Satish Kumbhani, which it had announced in May, with…
In a statement the CEO of global cryptocurrency exchange Binance said, its U.S. arm could potentially see an initial public offering in the next three years. “Binance.US is just going to do what Coinbase did,” said Zhao. He went on to add, Binance.US is set to close on a large private funding round in the…
Binance’s users will not affected by the hack since the crypto currency exchange would use its secure asset funds to cover the loss. On Wednesday, in a significant development, hackers have managed to steal bitcoins worth $41 million from Binance, one of the world’s largest cryptocurrency exchanges. The development marks the latest theft in a…
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