Crypto News Philippines
Terraform Labs CEO Do Kwon arrested in Montenegro following the collapse of TerraUSD and Luna tokens. Discover the events leading to his arrest and the ongoing legal proceedings.
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Gensler emphasized that apart from Bitcoin spot transactions, every other crypto transaction fall under the SEC’s jurisdiction.
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The US SEC has accused Terraform Labs and CEO Do Kwon of deceiving investors and committing a multi-billion-dollar fraud.
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Binance CEO Changpeng Zhao said funds remain safe and maintains BUSD should not be under U.S. Securities laws.
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The crypto community is worried that the recent pronouncements from the U.S. SEC could signal the end of crypto staking in companies.
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But the current value of BTC is at $18,864.00, marking a $300,000 loss from the investment.
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The local regulator said it is committed to hunting down investment scams so that no Filipino will be stripped of their hard-earned money.
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Last, August 1st, the US SEC announced that they have charged 11 individuals for their roles in creating and promoting Forsage.
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The Binance CEO questioned the credibility of the report, adding that his company has been in contact with regulatory bodies around the globe.
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The US Securities and Exchange Commission (SEC) is set to open an investigation into cryptocurrency wallet and exchange Binance.
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