US Crypto Crackdown Regulators Target Coinbase and Binance, Raising Calls for Comprehensive Regulation
US regulators have intensified their scrutiny of major players to assert greater control over the burgeoning cryptocurrency industry. The Securities and Exchange Commission (SEC) recently filed a lawsuit against Coinbase, the largest digital currency trading platform in the United States, for failing to register as a securities exchange venue. This legal action comes just a day after similar charges were brought against Binance, a prominent cryptocurrency exchange, and its founder, Changpeng Zhao.
China’s Kaisa struggles for relief from bond holders as default risk looms
Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.
U.S. removes Xiaomi from blacklist, reversing late China jab by Trump
The U.S Department of Defense will remove China’s Xiaomi Corp (1810.HK) from a government blacklist, a court filing showed, marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. The filing stated that the two parties would agree to resolve their ongoing litigation without further contest, bringing […]
