Recent developments in the Sam Bankman-Fried case have revealed a decisive setback for the former cryptocurrency mogul. The US authorities have officially rejected Bankman-Fried’s appeal aimed at overturning both his conviction and sentencing linked to the spectacular collapse of his cryptocurrency exchange, FTX. In a comprehensive court filing, the government thoroughly examined Bankman-Fried’s claims and
Exchanges
The Indian cryptocurrency exchange WazirX finds itself at a critical juncture, grappling with unprecedented challenges following a directive from the Delhi High Court on December 18. The court’s instruction for a renewed investigation into the exchange coincided alarmingly with Binance’s announcement to delist WazirX’s native token, WRX. This double whammy casts a shadow over WazirX’s
Australian financial regulations are tightening their grip on the cryptocurrency sector, notably through the recent legal actions undertaken by the Australian Securities and Investments Commission (ASIC). The regulatory body has initiated a lawsuit against Oztures Trading Ltd., which manages Binance Australia Derivatives, due to serious breaches in customer protection practices. This landmark case spotlights key
In its latest transparency report, Coinbase has shed light on the evolving dynamics between the cryptocurrency exchange and law enforcement agencies across the globe. The company’s data revealed a total of 10,707 requests from law enforcement and governmental bodies throughout the past year, indicating an 18% drop when compared to previous periods. This decline marks
In the landscape of digital currencies, legal entanglements are becoming increasingly common. The recent dispute between Coinbase, a leading cryptocurrency exchange, and BiT Global over the proposed delisting of Wrapped Bitcoin (WBTC) serves as a telling illustration of this trend. Coinbase has asserted that the lawsuit initiated by BiT Global is without merit and has
In a groundbreaking step for cryptocurrency regulation, Bitget has received a Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank. This license, announced on December 16, marks a significant milestone in the legitimacy and growth of Bitcoin-related services within the country. The authorization empowers Bitget to facilitate a variety of Bitcoin services, from
In an escalating tension within the cryptocurrency sphere, BiT Global has instigated legal proceedings against Coinbase, a behemoth in the digital asset trading landscape of the United States. The lawsuit, filed on December 13, alleges that Coinbase engaged in anti-competitive practices by unceremoniously delisting wrapped Bitcoin (WBTC) in favor of its proprietary wrapped Bitcoin product,
GateToken, the official cryptocurrency of the Gate.io exchange, has experienced an impressive upswing, achieving a peak value of $13.79—an all-time high that underscores its growing popularity in the digital asset space. This spike occurred amidst swirling rumors regarding a potential security compromise. At the time this information was collated, the token stabilized at $13.29, demonstrating
In the raging sea of cryptocurrency exchanges, Binance has emerged as an unassailable giant, boasting customer deposits of $21.6 billion in 2024. This staggering figure places the platform a remarkable 36% ahead of its closest competitors, as revealed by Dec. 12 reports from DeFi Llama. To contextualize this achievement, it is critical to note that
On December 11, Coincheck Group, the parent organization behind the popular Coincheck cryptocurrency exchange, officially launched its trading operations on the Nasdaq stock exchange. This landmark achievement is the result of a strategic merger with Thunder Bridge Capital, which was completed earlier in December. The successful culmination of this merging was confirmed on December 10
In a groundbreaking move announced on December 11, Binance, the world’s largest cryptocurrency exchange by trading volume, revealed a strategic partnership with Circle, the issuer of USD Coin (USDC). This collaboration is poised to transform the digital currency landscape by integrating USDC more thoroughly across Binance’s expansive service ecosystem. With both firms at the forefront
Coinbase, a leading player in the cryptocurrency exchange market, has embarked on an ambitious initiative known as Project Diamond. Announced on December 10, this project aims to facilitate the adoption of digital assets amongst institutional investors outside the United States. The project is under the stewardship of Coinbase Asset Management and has set its sights
In a significant move for the cryptocurrency industry, Singapore-based Crypto.com has partnered with Deutsche Bank, potentially revolutionizing its corporate banking capabilities. This collaboration, announced on December 10, marks a notable advancement in Crypto.com’s ambition to bolster its global presence. By focusing on streamlining financial operations in crucial markets such as Singapore, Australia, and Hong Kong,
In the wake of the recent US presidential election, Coinbase, one of the leading cryptocurrency exchanges in the world, has come under fire for implementing account restrictions that many users claim are unwarranted. A surge in fraudulent activity attributed to the political climate has led to increased scrutiny of user accounts, prompting Coinbase to respond
In a significant upward shift towards enhanced compliance and data integrity in the cryptocurrency realm, the Coinbase-initiated Travel Rule Universal Solution Technology (TRUST) has launched TRUSThub. Announced on December 5, this innovative platform is structured to facilitate the seamless sharing of regulatory data across Virtual Asset Service Providers (VASPs). With TRUSThub, VASPs can now manage
Woori Technology, a notable player in the South Korean venture capital landscape, finds itself at a significant crossroads regarding its investment in Dunamu, the parent company of the Upbit cryptocurrency exchange. This relationship stems from an investment made in 2015, totaling approximately 5.5 billion KRW, which granted Woori an undisclosed equity stake. Fast forward to
In the ever-evolving landscape of cryptocurrency, trust between users and exchanges is paramount. Recently, Coinbase, the largest cryptocurrency exchange in the United States, has come under fire from its user base following reports that it has begun restricting access to accounts through Virtual Private Networks (VPNs). This criticism highlights the delicate balance that cryptocurrency platforms
In a significant move indicative of the widening rift between cryptocurrency platforms and governmental regulators, Coinbase CEO Brian Armstrong recently announced that the company would cut ties with law firms that engage former regulatory officials linked to what he described as detrimental actions against the crypto sector. This bold declaration, communicated through social media on
SBI VC Trade, a prominent subsidiary under the auspices of the influential SBI Holdings from Japan, is making significant waves in the cryptocurrency landscape as it forges new partnerships. Recognizing the increasing importance of blockchain technology in modern finance, SBI Holdings has positioned itself at the forefront of this evolution, encompassing more than $190 billion
In a significant development for cryptocurrency accessibility, Coinbase has integrated Apple Pay into its Onramp service, a change announced on December 2, 2023. This evolution marks a pivotal moment in the user experience for converting fiat currencies into cryptocurrency, allowing transactions to occur swiftly and with greater ease. With Apple Pay being a familiar platform
In the vibrant and rapidly evolving landscape of blockchain technology, community sentiment can sway heavily based on the experiences of individual users. Recently, a storm erupted within the Solana community as users reported extended transaction delays on Coinbase, leading to a broader conversation about the efficacy and reliability of both the Solana blockchain and Coinbase
The ongoing saga at Binance has taken a troubling turn with allegations raised by Amrita Srivastava, a former senior executive. Recently reported by Bloomberg, Srivastava has claimed that she was unjustly terminated from her position after highlighting serious ethical violations concerning a colleague’s bribery schemes. The accusations directed at her former employer raise not only
Celo, a notable contender in the Layer-1 blockchain space, is currently embroiled in controversy following its decision to migrate to an Ethereum Layer-2 solution within the Optimism Superchain ecosystem. This transition has led to a significant backlash, particularly following Coinbase’s announcement on November 27 that it would not support this migration. This decision resulted in
FTX, once a prominent cryptocurrency exchange, is now focused on recovering from its well-publicized collapse in November 2022. The company and its affiliated debtors have announced a promising timeline for the implementation of their Chapter 11 Plan of Reorganization, which is expected to roll out by January 2025. This timeline signifies not only hope for
In a significant turn of events, South Korean authorities managed to recover 4.8 Bitcoin (BTC) associated with a notable cyber heist that occurred back in 2019. This incident involved the hacking of Upbit, one of the premier cryptocurrency exchanges in South Korea, where approximately 342,000 Ethereum (ETH) were pilfered. Local news agency Yonhap outlined that
On December 19, Coinbase plans to remove Wrapped Bitcoin (WBTC) trading pairs from its exchange and Prime platforms. This decision stems from the token’s inability to meet Coinbase’s stringent listing standards, as announced on November 19. Importantly, while trading will cease, users will still retain the ability to withdraw their funds beyond the designated date.
On November 18, Binance unveiled a game-changing product in the cryptocurrency landscape: BFUSD, a yield-bearing stablecoin aimed at futures and perpetual trading enthusiasts. This innovative financial instrument presents a substantial annual percentage yield (APY) of approximately 19.55%, allowing traders to earn daily rewards simply by holding BFUSD in their Binance futures accounts. This feature eliminates