Largest Cryptocurrency Exchange in US, Coinbase, Targeted by SEC

In yet another blow to the cryptocurrency industry, the Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States. The SEC alleges that Coinbase has been operating as a securities exchange without registering as one, making billions of dollars illegally facilitating the buying and selling …

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Binance and Coinbase Executives’ Fortunes Decreased by Billions of Dollars

The Securities and Exchange Commission (SEC) has filed lawsuits against two of the largest cryptocurrency exchanges globally — Binance and Coinbase. The lawsuits led to billions being slashed from the net worth of both CEOs. Bloomberg reported that over the past two days, Binance CEO Changpeng Zhao’s wealth dipped by $1.4 billion to $26 billion, …

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