The founder of Kraken, Jesse Powell, made headlines when he announced a donation of $1 million, mainly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell’s motivation behind this donation was to ensure that the US remains a leader in blockchain technology. By uniting behind the only pro-crypto major party candidate in
Exchanges
Recently, a US bankruptcy court approved FTX to solicit votes on a liquidation plan that involves paying customer claims in cash. This plan, which bases payments on crypto prices at the time of FTX’s collapse in November 2022, has sparked controversy among customers seeking higher amounts due to the rise in crypto prices. Despite objections
A recent development in the legal battle between the US Securities and Exchange Commission (SEC) and Kraken has seen a federal judge in California leaning towards allowing the lawsuit against the exchange to proceed. Judge William Orrick indicated that he is inclined to deny Kraken’s request for dismissal, raising questions about the exchange’s efforts to
Binance, the world’s largest cryptocurrency exchange, is currently facing regulatory challenges in various jurisdictions, including India. The Financial Intelligence Unit (FIU) in India recently fined Binance a substantial amount for non-compliance with Anti-Money Laundering (AML) regulations. The exchange was charged with operating in India without meeting the necessary statutory obligations, violating provisions of the Prevention
Blockchain security firm CertiK recently made headlines after discovering a critical vulnerability in the deposit system of the popular crypto exchange Kraken. The investigation revealed a loophole that allowed malicious actors to manipulate the system and withdraw fabricated funds. CertiK’s thorough testing also uncovered that millions of dollars could be deposited into any Kraken account,
When it comes to managing your cryptocurrency assets while traveling, one of the key considerations is ensuring secure internet connections. Accessing your crypto accounts on public Wi-Fi networks, for example, can pose significant security risks. Hackers may intercept your data and gain unauthorized access to your digital wallet, potentially resulting in the loss of your
A federal high court in Nigeria recently dismissed a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The case was thrown out on June 19 by Justice Inyang Ekwo due to Anjarwalla’s lack of legal representation. This decision did not come
Recently, Brazil’s Special Department of Federal Revenue has announced that they will be collecting information from foreign crypto exchanges to ensure that they are complying with local regulations. This move comes as a response to the increasing activity in the country’s crypto market and the need to crack down on potential illegality. Deputy Secretary of
The fallout from the collapse of FTX has sparked a new legal battle over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO now serving a 24-year prison sentence. Multiple parties are vying for control of these assets, which range from airplanes to shares of Robinhood stock once owned by
The recent announcement by the New York Attorney General’s office regarding the settlement with Gemini has sent shockwaves through the cryptocurrency community. The recovery of $50 million for users of the defunct Gemini Earn program comes after legal charges were filed against the exchange. This entire ordeal has raised serious questions about Gemini’s practices and
The copy trading industry continues to expand rapidly as brokers seek sophisticated solutions to meet the evolving needs of traders. In response to this demand, B2Broker is introducing the next generation of its in-house investment platform, B2Copy, which aims to set new standards in the market. Unlike many existing solutions for MT4 and MT5, B2Broker
In the rapidly evolving world of blockchain technology, staying ahead of the curve is key to success. B2BinPay, a world-leading blockchain platform, has recently unveiled a new and improved version that is set to revolutionize the user experience. With the addition of TRX staking and expanded blockchain support, B2BinPay is offering its customers increased flexibility
In the world of cryptocurrency trading, security and compliance are of utmost importance. As the market continues to grow and evolve, it is crucial for trading platforms to stay ahead of the curve in terms of safeguarding user assets and ensuring regulatory compliance. One such platform that has taken significant steps in this direction is
Robinhood, the popular investment platform, has made waves in the financial world with its recent announcement of acquiring Bitstamp, a global crypto exchange, for an estimated $200 million in cash. This move is part of Robinhood’s strategic plan to expand its offerings in the crypto market and solidify its position as a key player in
Recently, Bybit made a surprising decision to remove China from the list of countries whose citizens are restricted from using its services. This move has garnered attention from the crypto community and raised questions about Bybit’s motivations and potential implications. While the specific reasons behind this policy change are unclear, many market observers believe that
Binance recently announced its decision to limit the availability of “unregulated stablecoins” in the European Union by June 30. This move comes in anticipation of the Markets in Crypto-Assets Regulation (MiCA) that is set to be enforced soon. The exchange mentioned that certain stablecoins may not adhere to the new regulations and will therefore be
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, challenging the SEC’s denial of its rulemaking petition. The core of Coinbase’s argument lies in a single sentence in the SEC’s order, which simply “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for digital asset firms. According
Gemini exchange recently announced that users of its now-defunct Earn product have received $2.18 billion in digital assets, representing 97% of the total owed assets. This recovery is significant given the collapse of crypto lender Genesis, which ceased withdrawals in November 2022. The assets were returned in kind, ensuring that users received the same amount
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors with fiat currency,
Coinbase has put forth a strong allegation against the SEC, claiming that the regulatory body is attempting to circumvent the Howey test by avoiding the critical question of whether a digital asset transaction without post-sale obligations can be considered an investment contract. This accusation was made in a motion for an interlocutory appeal filed with
Recent rumors circulating on social media about Bybit crypto exchange’s alleged insolvency have been firmly denied by CEO Ben Zhou. Obscure social media accounts began spreading these rumors, with one user suggesting that a bug in a proof-of-reserves graph from Arkham Intelligence might have sparked the speculation. Zhou promptly dismissed these claims, stating they were
The First District Court of Appeals in Florida recently made a significant decision to nullify an Emergency Suspension Order (ESO) that was issued by the Office of Financial Regulation against Binance.US. This decision came after Florida’s regulator banned Binance.US from serving its residents earlier this year, citing “immediate danger” to the public and referring to
Recently, France’s Autorité des Marchés Financiers (AMF) issued a warning to French crypto investors regarding the Bybit platform. The AMF stated that Bybit is not a registered platform in the country and urged retail investors to be cautious when considering investment proposals from the platform. Bybit, being the third-largest crypto exchange by trading volume according
Coinbase recently announced that it had resumed operations after a significant system-wide outage impacting its website, mobile app, and API for over three hours. However, reports from various customers on social media suggest that the situation was far from resolved, as they were still facing restrictions on withdrawing their funds. User accounts of encountering messages
The recent exclusive report by The Wall Street Journal sheds light on the shady practices happening at Binance, the largest crypto exchange in the world. The allegations suggest that the head of Binance’s market surveillance team was fired for raising concerns about potential market manipulation by a high-profile client. This client, DWF Labs, was found
Coincheck, one of the largest crypto exchanges in Japan, is planning to go public in the United States via a partnership with a special purpose acquisition company (SPAC). This move will make Coincheck one of the two publicly listed exchanges in the US, alongside Coinbase. The company aims to complete its listing on the Nasdaq
The CEO of Binance, Richard Teng, has publicly spoken out against the detention of Tigran Gambaryan, an executive of the exchange, in Nigeria. Teng expressed his concerns in a blog post, stating that Gambaryan’s detainment was unjust and could potentially set a dangerous precedent for companies worldwide. It is alarming to invite a company’s employee