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☆ Nigeria regulator says local Binance operations 'illegal'
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

LAGOS, June 10 (Reuters) - Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. "Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," the Securities and Exchange Commission (SEC) said in a statement dated June 9. The U.S. Securities and Exchange Commission this week sued Binance and Coinbase for allegedly breaching its rules. That was after Nigeria's central bank in 2021 banned banks and financial institutions from dealing in or facilitating transactions in digital currencies. Nigeria's young, tech-savvy population has eagerly adopted cryptocurrencies, for example using peer-to-peer trading offered by crypto exchanges to avoid the financial sector ban.

Persons: Binance, MacDonald Dzirutwe, Helen Popper Our Organizations: Binance, Securities and Exchange Commission, SEC, U.S . Securities, Exchange Commission, Thomson Locations: LAGOS, Binance Nigeria

☆ Here's where a possible sale of Bed Bath & Beyond and Buy Buy Baby stands
▼ + stars: | 2023-06-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

"Everything on Sale" signs at a Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. The auction process for Bed Bath & Beyond and its assets was extended once again as discussions progress with potential bidders, namely for its Buy Buy Baby chain of stores. In court papers filed Thursday, Bed Bath & Beyond said it would delay its sale timeline by a few days "to ensure the most value maximizing transaction is achieved." The assets of the baby gear retailer Buy Buy Baby had earlier attracted interest from at least two bidders, including Babylist, CNBC previously reported. Buy Buy Baby has been considered the crown jewel of the assets, reportedly attracting interest in 2022 and in the months ahead of the bankruptcy filing.

Persons: Janie, Jack Organizations: Babylist, CNBC, Street Locations: Brooklyn, New York, Bath

☆ Binance.US tells customers to withdraw their cash from the exchange as the SEC pursues its 'ideological' attack on the crypto industry
▼ + stars: | 2023-06-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Binance.US urged its customers to withdraw cash from the crypto exchange in a recent notice. The moves are part of an "ideological campaign" against the US crypto industry, Binance said. After June 13, Binance.US will become a crypto-only platform until it can find "more stable" banking partners, it said. "The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. Binance is facing 13 charges from the SEC, after being scrutinized by regulators for months over its compliance with US securities laws.

Persons: Binance.US, Binance, — Organizations: Service, Securities and Exchange, SEC Locations: American

WASHINGTON, June 8 (Reuters) - Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world's largest crypto exchanges, for allegedly breaching its rules. Both Coinbase and Binance deny the SEC's allegations and have pledged to vigorously defend themselves in court. The Coinbase and Binance suits this week expand that list to include some commonly traded tokens, such as Solana, Cardano and Polygon. While big crypto companies can afford to fight the SEC, smaller companies have filed for bankruptcy following SEC enforcement actions, including crypto exchange Beaxy. "I think if there's a real value in these crypto tokens, then compliance will build trust and the business model might change," he said.

Persons: Coinbase, Binance, Jason Allegrante, Gary Gensler, “, Scott Freeman, Crypto, Kraken, OKCoin, Ripple's, Stuart Alderoty, Piper Sandler, Gensler, Bernstein, Katharine Wooller, Hannah Lang, John McCrank, Susan Heavey, Michelle Price, Stephen Coates Organizations: Securities and Exchange Commission, SEC, Cornerstone Research, Department of Justice, JST, Justice Department, Piper Sandler Global, Fintech Conference, CNBC, U.S, Executives, Thomson Locations: Solana, Cardano, U.S, United States, New York, Washington

☆ I'm a TikTok and YouTube creator with 10 million followers. Here are my top 3 tips to make videos go viral.
▼ + stars: | 2023-06-08 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

He's built a formula to make short-form videos go viral after working with other creators for years. This as-told-to essay is based on a conversation with Brandon Baum, a short-form content creator. One of my YouTube videos, "Turning Statues into Food," has almost 750 million views. After six years of creating short-form video content, here are my top-three tips to make videos that go viral. One creator that does this well in his short-form videos is MrBeast.

Persons: Brandon Baum, He's, Woody, Kleiny, I'd, we'd, you've, Guy Organizations: YouTube, Facebook, Sky, Adidas, Pixar Locations: TikTok

But the Coinbase case will be the biggest test yet of the regulator's jurisdiction over the industry. To argue that crypto assets are securities, the SEC has relied on a U.S. Supreme Court case from 1946. WHAT MAKES A CRYPTO ASSET A SECURITY? In the few cases that have been decided in court, judges have agreed with the SEC that specific crypto assets are securities. The SEC has alleged in the Coinbase case that 13 different digital assets sold on the platform are securities.

Persons: Binance, Coinbase, Howey, XRP, Carol Goforth, Goforth, Brian Armstrong, Jody Godoy, Tom Hals, Nick Zieminski, Lisa Shumaker Organizations: SEC, Securities, Exchange Commission, European Union, Supreme, Ripple Labs, University of Arkansas, Twitter, Thomson Locations: U.S, Manhattan, Solana, Cardano, Florida, XRP, New York

☆ Rep. French Hill: We have confusion in the marketplace on digital asset regulation
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill: We have confusion in the marketplace on digital asset regulationHouse Financial Services Committee vice chair Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the SEC's lawsuit against Binance and Coinbase, and the initial draft of a new bill that seeks to provide a framework for digital asset regulation.

Persons: Binance Organizations: Rep, Financial

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBNB token dips 7%, and SEC pushes for emergency order to freeze Binance US assets: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kavita Gupta, the founder of Delta Blockchain Fund, weighs in on the push from digital asset companies to move overseas amid the SEC's continued crackdown on crypto exchanges.

Persons: explainers, Kavita Gupta Organizations: SEC, CNBC Crypto, CNBC, Delta Blockchain Fund

☆ Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets
▼ + stars: | 2023-06-07 | by ( Ephrat Livni | ) www.nytimes.com time to read: +2 min

said Coinbase made billions of dollars facilitating the sale of crypto assets as an unregistered exchange and deprived investors of significant protections. Coinbase and the S.E.C. Last year, Coinbase petitioned the S.E.C. Binance is accused of funneling billions of dollars of customer money to a company owned separately by Mr. Zhao. In addition to those charges Binance, like Coinbase, is accused of operating an unregulated exchange and issuing crypto currencies that the agency said should have been registered as securities.

Persons: Coinbase, Paul Grewal, Mr, Grewal, Binance, Zhao Locations: U.S

The lawsuit is the SEC's second in two days against a major crypto exchange, following its case against Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao. Crypto companies including Coinbase have said SEC rules are unclear, and the regulator is overreaching by asserting oversight of their industry. Coinbase customers pulled more than $57 million from the exchange within a couple of hours of the filing, according to data firm Nansen. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. The case is SEC v Coinbase Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Coinbase, Binance, Changpeng Zhao, Gary Gensler's, Gensler, Paul Grewal, Coinbase's, Nansen, Dado Ruvic, Gurbir Grewal, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Manya, Jason Neely, Louise Heavens, Chizu Nomiyama, Nick Zieminski Organizations: YORK, U.S . Securities, Exchange Commission, SEC, CNBC, Global Inc, Reuters Graphics, REUTERS, Coinbase, New, Blockchain Association, Court, Southern District of, Manya Saini, Thomson Locations: U.S, California, Manhattan, Solana, Cardano, New Jersey, Southern District, Southern District of New York, New York, Washington ,, Bengaluru

The U.S. Securities and Exchange Commission sued Coinbase, accusing it of illegally operating without registration with the regulator. That happened a day after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao. Coinbase shares were down 13.4% at $50.81 after earlier hitting their lowest level since January. Also, after falling earlier, Bitcoin , the world's biggest cryptocurrency, was up 1.4%. Coinbase had disclosed in March that it received a "Wells notice" from the SEC threatening a potential lawsuit over certain products.

Persons: Coinbase, Changpeng Zhao, Matt Stucky, Shannon Stapleton, Binance's cryptocurrency, Paul Grewal, we'll, Grewal, Manya Saini, Shristi, Sinéad Carew, Paul Simao Organizations: Coinbase, U.S . Securities, Exchange Commission, SEC, Binance, Global, Northwestern Mutual Wealth Management Company, Coinbase Global Inc, Nasdaq, Times, REUTERS, Mining, Marathon, Thomson Locations: Manhattan, New York, U.S, Bengaluru

☆ SEC sues Coinbase, calling it an unregistered crypto broker
▼ + stars: | 2023-06-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

On Tuesday, the US Securities and Exchange Commission sued Coinbase, America’s largest crypto exchange, for allegedly acting as an unregistered broker. “Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities,” the SEC said in a press release. The Coinbase lawsuit comes on the heels of a similar SEC complaint against Binance, which is by far the world’s biggest crypto exchange. Since then, digital asset prices have tanked and regulators have stepped up their scrutiny of the industry. “It should get crypto closer to final rules of the road regardless of how the judge rules.”

Persons: Coinbase, “ Coinbase, ”, “, Binance, Nansen, Cowen Organizations: New, New York CNN, US Securities and Exchange Commission, Binance, SEC, CNN, Binance.US Locations: New York

☆ SEC sues Coinbase over exchange and staking programs, stock drops 13%
▼ + stars: | 2023-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Coinbase stock had already fallen 9% on Monday, after the SEC unveiled charges against rival crypto exchange Binance and its founder Changpeng Zhao. Coinbase's flagship prime brokerage, exchange and staking programs violate securities laws, the regulator alleged in its complaint. The SEC has alleged that at least 13 crypto assets available to Coinbase customers were considered "crypto asset securities" by the regulator. Coinbase's institutional service, Prime, its retail exchange product, and its self-custody Wallet service all offered one or more crypto asset security, the SEC said in its complaint. Coinbase's staking program was also identified as a investment contract and as an unregistered security: The SEC had already taken similar action to force the closure of crypto exchange Kraken's staking service.

Persons: Changpeng Zhao, Gary Gensler, Gensler, Coinbase, Paul Grewal, we'll, Coinbase's Organizations: Securities, Exchange Commission, SEC, CNBC, New York Stock Exchange, Labs, Coinbase, Regulators Locations: New York

☆ Why cryptocurrencies are climbing after the SEC sued the largest U.S. crypto exchange
▼ + stars: | 2023-06-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

It's only Tuesday, but the Securities and Exchange Commission has already brought legal action against two of the biggest platforms in crypto – and to the surprise of some, crypto prices are climbing. What began as a muted reaction Tuesday to the SEC's lawsuit against Coinbase , the largest U.S. crypto exchange and first publicly listed crypto company, turned into a positive one. At one point in the afternoon, bitcoin and ether had nearly recovered their losses from the previous day's crypto market sell-off, sparked by the SEC's lawsuit against Binance, the largest crypto exchange in the world. Investors are also now anticipating another Fed rate hike, which has typically weighed on crypto prices. "Crypto prices are up 60% or more YTD, the crypto winter is over," he added.

Persons: It's, Coinbase, Matt Hougan, Hougan, that's, bitcoin, Ric Edelman, Gary Gensler, We're, Edelman Organizations: Securities and Exchange Commission, Coinbase, Investors, Binance, SEC, CNBC, Digital Assets, Financial Professionals, Republican Locations: U.S, Coinbase

☆ Crypto crackdown: Is there anywhere safe left for crypto investors in the US?
▼ + stars: | 2023-06-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“Look, we don’t need more digital currency,” Gensler told CNBC on Tuesday. “We already have digital currency: It’s called the US dollar. Many crypto investors appear to be abandoning so-called “alt-coins” and sticking with the relatively more reliable OG virtual currency, wrote Ed Moya, a senior market analyst with Oanda. Bottom line: “The SEC looks like it is playing Whac-A-Mole with crypto exchanges,” Moya wrote. Because of that, crypto investors will have to decide whether they are confident that the offerings on various exchanges will remain available to trade.

Persons: CNN Business ’, Binance, ”, Matt Levine, I’ll, Coinbase, Brian Armstrong, Gary Gensler, ” Gensler, “, It’s, Crypto, TD Cowen, Reena Aggarwal, Aggarwal, bitcoin, Ed Moya, ” Moya, —, you’ll Organizations: CNN Business, New York CNN, Securities and Exchange Commission, SEC, CNBC, Georgetown, Psaros, Financial Markets, Chicago Mercantile Exchange, Oanda Locations: New York, United States, “, cryptos

LONDON, June 5 (Reuters) - A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show. This allowed Chen and her deputies to move funds held in the bank accounts. The previously unreported bank records and messages show that Binance’s management over the U.S. business’s finances extended across its bank accounts at Silvergate and detail how this secret access was granted. Binance.US has denied that Binance ever operated its bank accounts. ‘PRIMARY ADMIN USER’The Binance.US trading platform was launched by its operating firm, BAM Trading, in mid-2019 under then Chief Executive Catherine Coley.

Persons: Guangying Chen, Changpeng Zhao, Chen, Binance, Zhao, Binance.US, Krishna Juvvadi, Christian Hertenstein, Brian Shroder, ” Hertenstein, “, Chen’s, Juvvadi, ”, Peak’s, Catherine Coley, Coley, Silvergate, James McDonald, Hertenstein, Susan Li, Li messaged, Li, Angus Berwick, Tom Wilson, Janet McBride, Michael Williams Organizations: Silvergate Bank, U.S, U.S . Securities, Exchange Commission, Reuters, BAM, U.S . Commodity Futures Trading Commission, CFTC, ” Reuters, SEC, “, Thomson Locations: U.S, Washington, American, US, Binance, Shanghai, Binance.US

June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry. The SEC crackdown has prompted some crypto companies to increase compliance, spike products, and expand overseas, moves that some marketwatchers said would likely be accelerated by this latest action against the world's largest crypto exchange. In April, the SEC charged crypto exchange Bittrex Inc with operating an unregistered securities exchange, broker and clearing agency, and settled with Kraken in February for $30 million over the exchange's U.S. crypto staking service. Shares of Coinbase (COIN.O) were down 9.1% on the news of the SEC's charges against Binance. Both Coinbase and crypto exchange Gemini launched international exchanges for crypto derivatives in May.

Persons: Binance, Changpeng Zhao, Binance's cryptocurrency, Gary Gensler, marketwatchers, John Reed Stark, Kraken, Bittrex, James Angel, Gemini, Rajeev Bamra, Sinéad Carew, John McCrank, Manya Saini, Hannah Lang, Michelle Price, Leslie Adler, Lisa Shumaker Organizations: U.S . Securities, Exchange Commission, Reuters, SEC, Washington , D.C, Internet, Coinbase Global Inc, Georgetown University, Binance, Inc, Marathon, Mining, Moody’s Investors Service, Thomson Locations: Washington ,, U.S, New York, Bengaluru, Washington

☆ The Binance lawsuit is a 'legislative failure', says fmr. SEC Senior Trial Counsel Howard Fisher
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Binance lawsuit is a 'legislative failure', says fmr. SEC Senior Trial Counsel Howard FisherHoward Fischer, former SEC senior trial counsel, and Gabriella Kusz, Global Digital Asset & Crypto Associate, join 'Closing Bell Overtime' to discuss the Securities and Exchange Commission suing Binance over U.S. securities violations.

Persons: fmr, Howard Fisher Howard Fischer, Gabriella Kusz, Binance Organizations: SEC, Crypto, Securities and Exchange Commission

☆ Anthony Scaramucci on Binance suit: 'This is about the future of digital assets in the U.S.'
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnthony Scaramucci on Binance suit: 'This is about the future of digital assets in the U.S.'Anthony Scaramucci, Skybridge Capital founder, joins 'Last Call to discuss the SEC's lawsuit against Binance and what it means for the wider crypto space.

Persons: Anthony Scaramucci Organizations: Skybridge Capital, Binance Locations: U.S

LONDON, June 5 - A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show. This allowed Chen and her deputies to move funds held in the bank accounts. The previously unreported bank records and messages show that Binance’s management over the U.S. business’s finances extended across its bank accounts at Silvergate and detail how this secret access was granted. Binance.US has denied that Binance ever operated its bank accounts. ‘PRIMARY ADMIN USER’The Binance.US trading platform was launched by its operating firm, BAM Trading, in mid-2019 under chief executive Catherine Coley.

Persons: Guangying Chen, Changpeng Zhao, Chen, Binance, Binance.US, Krishna Juvvadi, Christian Hertenstein, Brian Shroder, ” Hertenstein, Zhao, “, Chen’s, Juvvadi, Reutersalso, Peak’s, Catherine Coley, Coley, Silvergate, James McDonald, Hertenstein, ”, Susan Li, Li messaged, Li, Angus Berwick, Tom Wilson, Janet McBride, Michael Williams Organizations: Silvergate Bank, U.S, Reuters, BAM, U.S . Commodity Futures Trading Commission, CFTC, “, Thomson Locations: U.S, Washington, American, US, Binance, Shanghai, Binance.US

☆ Binance charges are a last gasp for crypto
▼ + stars: | 2023-06-05 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

NEW YORK, June 5 (Reuters Breakingviews) - Binance founder Changpeng Zhao doesn’t have much to look forward to. The SEC alleges that Binance knowingly helped U.S. customers trade illegally on its exchange. Binance, in a blog post, trotted out a familiar crypto defense: The SEC, which has been vague on how cryptocurrency should be regulated, is beyond its reach. In March, the U.S. Commodity Futures Trading Commission filed similar charges against the company. Follow @AnitaRamaswamy on TwitterCONTEXT NEWSThe U.S. Securities and Exchange Commission is suing Binance, the world’s largest cryptocurrency exchange by volume.

Persons: Changpeng Zhao doesn’t, Zhao, –, Sam Bankman, Fried, Binance, Gary Gensler, FTX, Changpeng Zhao, Richard Teng, Coindesk, Teng, Zhao “, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, U.S . Securities, Exchange Commission, SEC, U.S . Commodity Futures Trading Commission, U.S . Federal Trade Commission, U.S . Commodities Futures, Commission, Thomson Locations: United States, U.S

☆ Crypto bill from Republicans lays out clear roles for SEC and CFTC
▼ + stars: | 2023-06-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The bill proposes a clearer pathway for the registered offer and sale of digital assets. Crypto exchanges have been calling for regulatory clarity in the wake of expansive enforcement actions that have left companies and developers scrambling to move operations beyond the U.S. Crypto exchanges Coinbase and Gemini have both announced off-shore exchange operations. Coinbase also is engaged in a bruising courtroom battle with the SEC over the very issues that apparently prompted the McHenry-Thompson bill. The crypto exchange received a Wells notice, a warning of impending enforcement action, from the SEC earlier this year. The draft bill will likely be reshaped and modified in coming weeks and months, but it represents a powerful vote of support from two influential Republican members.

Persons: Patrick McHenry, Glenn Thompson, Coinbase, McHenry, Thompson Organizations: Republican, Financial Services, Futures, Securities, Exchange, SEC, Gemini Locations: North Carolina, Washington ,, R

☆ Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
▼ + stars: | 2023-06-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. That's where Buy Buy Baby – and its long-held name recognition – would come in. "We have tremendous trust with new and expecting parents but Buy Buy Baby is much better known with kind of that older generation," she said. The crown jewel of Bed Bath & BeyondThis is not the first time Buy Buy Baby has seen sale interest. Buy Buy Baby has remained a bright spot in Bed Bath & Beyond's otherwise dismal earnings reports in recent years.

Persons: Stephanie Keith, Natalie Gordon, It's, Gordon, Babylist, it's, –, Ryan Cohen, Chewy, Cohen Organizations: Bloomberg, Getty, Bed, CNBC, Capital Advisors, GameStop, & $ Locations: Brooklyn, New York, Bed Bath, Beverly Hills , California, Bath

☆ A step-by-step guide on how to create and monetize an e-book in as little as one weekend
▼ + stars: | 2023-06-01 | by ( Corrie Alexander | ) www.businessinsider.com time to read: +12 min

Alexander says that with the right tools you can create a book in as little as a weekend. Canva has a ton of free book cover templates that you can use as a springboard for your own design. To create your e-book, I would recommend one of two options:Canva: The first option is to create your e-book within Canva. However, there is still a lot of work you'll need to do to get the e-book ready. For instance, you'll need to manually add in your table of contents, page numbers, and any other visual elements.

Persons: Corrie Alexander, Alexander, —, caan, Jasper, Jasper Jumpstart, You'll, Grammarly, Speechify, Canva, Jasper Art, you've, It's, you'll Organizations: Service, Google, PayPal, YouTube Locations: Jasper, Canva

☆ Crypto exchange Gemini to soon operate in the UAE
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

June 1 (Reuters) - Gemini will "soon" start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local regulatory requirements, the crypto exchange said late on Wednesday. Gemini, founded by cryptocurrency pioneers and identical twins Cameron and Tyler Winklevoss, is aiming for the "adoption of crypto globally across 20 countries." "By applying for a license, we will be taking another step towards making Gemini a truly global company," the exchange said in a blog post. Digital assets industry is recovering from several blow-ups last year, including the bankruptcy of Sam Bankman-Fried's crypto exchange FTX and companies are looking to expand their global footprint amid escalating tensions between the crypto sector and regulators in the United States. Gemini, earlier in May, also launched a derivatives platform for trading perpetual futures, outside the U.S. jurisdiction.

Persons: Cameron, Tyler Winklevoss, Sam Bankman, Mrinmay Dey, Nivedita Organizations: United Arab, Gemini, UAE . Digital, Thomson Locations: United Arab Emirates, UAE, Gulf, United States, Bengaluru

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