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About Sergio Braga-Mullin

Sergio joins Proactive after a career of freelance videography in and around the financial markets. Having worked with some of the largest news agencies, banks and bond houses in London and Europe; he brings expert knowledge, experience and a strong network with him. He has a full knowledge of live multi-camera broadcast systems as well as external event recording. Sergio joined the team full-time in 2021 to lead the video production for the New York office. Read more

Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.

Proactive news team spans the worlds key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.

Proactive has always been a forward looking and enthusiastic technology adopter.

Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.

Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.

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Binance shakeup, Bitcoin resilience & An AI President? | The Crypto ... - Proactive Investors UK

Binances arguments used in its motion to dismiss a lawsuit from the United States securities regulator relies on an incorrect legal analysis and have no basis in law, the regulator has argued.

In a Nov. 7 court filing the SEC rebuffed Binances earlier bid to toss the regulators suit saying no court has adopted Binances tortured interpretation of the law.

The SEC sued Binancein June alleging it, Binance.US and its founder Changpeng CZ Zhao sold unregistered securities and failed to register as an exchange in the United States.

Binance argued the SEC failed to introduce crypto guidelines, misinterpreted securities laws and applied them to crypto and called the suit an overstep of its authority.

In its latest rebuttal, the SEC claimed Binance never complied with federal securities laws which was a deliberate choice.

It added Binances arguments that compared crypto to supermarket items like oranges [...] are absurd and claimed the crypto exchanges crypto sales are investment contracts under the Howey test.

Related: SEC Inspector General says prohibition on crypto ownership hinders agency hiring

The regulator reiterated its claims the BNB (BNB) initial coin offering violated securities laws and Binance USD (BUSD) along with the yield-bearing staking, Vault and Earn programs are investment contracts.

It also rebuffed Binances argument that the suit violated the major questions doctrine a 2022 U.S. Supreme Court ruling saying Congress doesnt delegate authority to agencies, which other crypto firms have cited in their aim to push back on the SECs claimed authority.

The SEC claimed granting Binances dismissal request would dismantle decades of foundational precedent upon which the nations securities laws operate and in its place would be a rigid framework that upends the broad, flexible regime of the current laws.

Magazine: The truth behind Cubas Bitcoin revolution An on-the-ground report

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Binance used 'tortured' interpretation of law in bid to toss suit, says SEC - Cointelegraph

The Australian Securities and Investments Commission (ASIC) has issued a press release detailing $13.1 million in payments to users of Binance Australia Derivatives (also known as Oztures Trading Pty Ltd) for rule-breaking related to the misclassification of users as wholesale instead of retail.

Binance Australia Derivatives failed to provide retail clients with legally required protections and, as such, has had to compensate users for net trading losses and fees.

Binance Australia Derivatives canceled its Australian Financial Services License in April of this year. This cancellation came after ASIC started a targeted review of Binances financial services business in Australia and after ASIC issued a notice of hearing.

Read more: FTX Australia license revoked nine months after implosion

After it chose to cancel this license, there were subsequent raids on the companys offices in Australia.

Binance has also been cut off from many of its previous banking partners in Australia with the likes of Cuscal and large Australian banks like Westpac shutting off transfers to Binance entities.

ASICs press release also made sure to detail how regulatory agencies around the world have issued warnings and suits against Binance and specifically draws attention to the Commodities Futures Trading Commission lawsuit. It also includes warnings from the UK, Japan, Italy, Singapore, the Netherlands, Canada, and Thailand.

ASIC has pursued other cryptocurrency companies, including Finder for its Finder Earn crypto lending product, and it was investigating FTX at the time of its collapse.

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Australia forces Binance to pay users after law-breaking - Protos

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Binance saw almost half of the $114M liquidations in the past 24 hours - CryptoSlate

An unknown whale transferred 1,999,000,000 Tron tokens (TRX) worth $194 million.

According to on-chain analytics, the whale transferred a large amount from the Binance cryptocurrency exchange to an unknown wallet.

At the time of publication, the price of TRX remained virtually unchanged. When writing, the token trades at $0.09753, down 0.94%.

Last week, three wallets the same owner could own moved 6,500 BTC for the first time in six years. Bitcoins arrived at these three addresses on Nov. 5, 2017.

Some BTC came from an address marked on bitinfocharts asF2Pool, which may belong to early miners.

Meanwhile, Binance continues to experience billions of dollars in outflows that began last year. Since November, several billion dollars worth of cryptocurrency assets have been withdrawn from the crypto exchange, according to Dune data.

The latest large-scale wave of withdrawal of crypto assets occurred after a lawsuit by the US Securities and Exchange Commission (SEC).

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Binance records huge $194m Tron (TRX) withdrawal - crypto.news