Silver Miller to File Lawsuit Against US Trader

Jeremy Spence is alleged to be Coin Signals cryptocurrency related fraud creator
28 December 2018   739

Silver Miller, a law firm specializing in litigation in the cryptocurrency industry, filed a lawsuit against trader Jeremy Spence in a US federal court. The document says that Spence created the Coin Signals cryptocurrency pyramid.

As stated in a press release, Spence attracted investments under his hedge funds, claiming that he is a professional trader. At the height of his Coin Signals, he allegedly managed $ 5 million.

However, Silver Miller believes that Spence actually organized the classical financial pyramid, in which early investors received payments at the expense of later ones, and no hedge funds have ever existed.

Note that in the portfolio of Silver Miller lawsuits against Coinbase, Kraken, Bitconnect and Cryptsy are present.

Earlier it became known that the founder of ICO-startup TenX Julian Hosp was really involved in the activities of the financial pyramid Lyoness.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   315

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.


Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.