Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Sam Bankman Fried's"


2 mentions found


Coinbase stock fell 10% on Monday after the SEC sued Binance for violating securities rules. Coinbase is currently under SEC investigation and could face an enforcement action tied to its listings of potential unregistered securities. The SEC accused Binance of breaking the law by offering unregistered securities to the general public, including its BNB token and BUSD stable coin. The debate is whether cryptocurrencies are in fact securities, which the SEC has argued yes, they are, while crypto firms like Coinbase have argued the opposite. Coinbase offers its own stablecoin that is listed on its exchange and was not registered with the SEC, and the company also offers its own staking platform, two things the SEC just sued Binance for offering.
Persons: Binance, Coinbase, Bitcoin, , Changpeng Zhao, Sam Bankman Fried's, shockwaves Organizations: SEC, Service, US Securities and Exchange Commission, Binance, Coinbase
US stocks rose on Tuesday as investors turned their attention to midterm election results. If Republicans gain a majority in Congress, it could create political gridlock, sparking a new rally in stocks, analysts say. Wall Street has been eyeing possible political gridlock if the GOP takes over Congress, which could spark a new rally amid this year's bear market, analysts say. Carson Group's Ryan Detrick said a Republican majority could cause the stock market to enter its "best-performing environment," adding that it was possible stocks already bottomed out in October. The total value of the global crypto sector dropped 12%, according to data from CoinMarketCap, with Bitcoin tumbling 13%.
Total: 2