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Gary Gensler was allegedly rejected as Binance advisor in 2019
Per Binance lawyers, Gary Gensler had applied to be an advisor for the exchange in 2019 but was rejected. They allege that the decision by the company to go with another person could have hurt Gensler and motivated him to go after the exchange after he was given power as the Chair of SEC.
Eurozone plunges into a recession; Brits to endure more pain
Eurozone has plunged into a recession sending negative waves through the market. Brits will have to tighten their belts for tougher economic times ahead. The region has been experiencing one of the highest inflation rates this year among the strongest economies hitting over 10% and sustaining for a long time.
Polygon Labs President testifies on Web 3 and blockchain technology in Congress
Polygon Labs President Ryan Wyatt gave his testimony on the crypto industry to the committee on June 7. The meeting was held regarding a crypto regulation bill that has been presented and seeks to harmonize the efforts toward crypto regulation in the country.
Robinhood to delist crypto assets deemed as securities
Robinhood has returned to the drawing board to try and minimize its chances of picking legal fights with the U.S. SEC. The exchange seeks to delist several crypto assets the regulator sees as securities to avoid defending themselves in court and incurring extra costs.
Atomic Wallet losses $35 million in a crypto hack
Atomic Wallet was hacked last week losing upwards of $35 million. Now, North Korea seems to have been caught in another crypto hacking controversy as experts believe that it could be the perpetrator.
Another crypto lawsuit: SEC goes after Coinbase
U.S. SEC has filed a crypto lawsuit against Coinbase Exchange less than a day after suing Binance. U.S. The new lawsuit comes as a climax of the tension that has been there between the regulator and Coinbase for the past several months.