Exchanges

Coinbase, in its monthly outlook report, has highlighted the potential impact of the approval of a spot Bitcoin exchange-traded fund (ETF) on the cryptocurrency market. According to the report, the introduction of these compliance-friendly financial products could extend access to crypto assets to a wider range of investor classes, such as registered investment advisers (RIAs),

BitgetX, the Hong Kong division of Bitget, has made the surprising announcement that it will not be applying for a Virtual Asset Trading Platform (VATP) license in Hong Kong. Despite operating in the region for the past seven months, BitgetX has decided to immediately cease all trading activities and shut down its operations by December

Former FTX general counsel Can Sun, alongside other ex-FTX executives, is embarking on an ambitious mission to establish a groundbreaking cryptocurrency exchange. Trek Labs, a Dubai-based start-up, has recently obtained a license from the Emirate’s crypto regulator, signaling a fresh start for the individuals determined to rectify the mishaps that led to their previous employer’s

Coinbase, one of the leading cryptocurrency exchanges, has recently unveiled a groundbreaking feature on November 9. This new feature allows users to attest their account and country credentials directly on the blockchain, granting them unparalleled access to a range of benefits and applications. With this move, Coinbase aims to establish a new standard of trust

In a stunning turn of events, FTX’s native token FTT experienced an incredible surge of almost 90% in the past 24 hours, reaching a nine-month high of $2.33. This sudden increase was triggered by the SEC Chair Gary Gensler’s suggestion that the insolvent exchange could be revived under proper leadership. Gensler emphasized the importance of

Efforts to revive FTX, once one of the largest crypto exchanges, are reaching a critical stage. Recent reports from the Wall Street Journal suggest that three potential buyers have emerged as the primary candidates for the acquisition. Former New York Stock Exchange president Tom Farley, crypto VC firm Proof Group, and fintech startup Figure Technologies

Cryptocurrency exchange Gemini recently made the decision to limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) in the U.K. This move comes as a result of the Travel Rule regulations, which require VASPs to share sender and receiver information for crypto transactions. Gemini partnered with TRUST to

The U.S. Supreme Court recently made an announcement that has put cryptocurrency exchange Coinbase under the spotlight yet again. The court will review a highly contentious case involving Coinbase and its users over a Dogecoin sweepstakes, according to Bloomberg News. At the crux of the matter is Coinbase’s attempt to shift the dispute out of

Coinbase, a leading cryptocurrency exchange, has recently released its Q3 2023 shareholder letter. The letter provides insights into the company’s financial performance, market trends, product developments, and regulatory outlook. While it showcases some positive aspects, there are also concerns and challenges that need to be critically examined. In Q3 2023, Coinbase reported a total revenue

Coinbase, one of the largest cryptocurrency exchanges in the United States, has announced that retail traders will now have the opportunity to trade crypto futures. Through its subsidiary, Coinbase Financial Markets, the exchange will enable advanced users to trade the monetary value of Bitcoin (BTC) and Ethereum (ETH) futures contracts. This new development provides Coinbase

Blockchain analytics firm Nansen has reported that bankrupt FTX has been making significant movements of digital assets over the past week, totaling approximately $156 million. One of the notable transactions involved FTX unstaking 1.6 million SOL tokens, worth around $57.6 million, on October 30. Although these assets are currently held in the staking wallet, it

In the ongoing criminal case involving Sam Bankman-Fried, the co-founder and former CEO of FTX, intriguing details about the origins of FTX and its sister firm, Alameda Research, have emerged. Bankman-Fried testified that both ventures started small but with ambitious goals, only to eventually face collapse. It was revealed that Alameda Research was launched in

Coinbase, one of the leading cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of overstepping its boundaries and attempting to redefine the criteria for what constitutes a security. In a recent court filing, Coinbase argued that the SEC’s classification of crypto assets as securities falls outside its jurisdiction and represents a radical

Binance, one of the leading cryptocurrency exchanges, has continued to see strong derivatives trading volume during U.S. trading hours amid ongoing legal action. Despite facing a complaint from the Commodity Futures Trading Commission (CFTC), Binance has managed to maintain its position in the market. Derivatives are financial instruments that derive their value from an underlying

The crypto community is in an uproar after accusing The Wall Street Journal (WSJ) of spreading misleading information regarding Hamas’ cryptocurrency funding. In an article published on October 10, WSJ reported that Hamas had acquired approximately $90 million in cryptocurrency to finance an imminent attack on Israel. This revelation caught the attention of prominent crypto

U.S. cryptocurrency exchange Coinbase has taken a significant leap forward in its global expansion strategy by selecting Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub. This move enables Coinbase to tap into a vast market of 450 million individuals across 27 countries under a single regulatory framework and national supervision, bringing

Binance, the leading cryptocurrency exchange, has experienced a significant decrease in trading volume recently, with more than $1 billion in net outflows in the past 24 hours. This information comes from DeFillama CEX’s transparency dashboard, which reveals that Binance witnessed $1.4 billion in net outflows during this period. The majority of the withdrawn assets include

Cryptocurrency has long been the subject of debate and controversy, with concerns over its potential involvement in illicit activities such as terrorism financing. Recent events, such as the actions of Palestine’s Hamas group in Israel, have brought these concerns to the forefront once again. While some argue that cryptocurrency facilitates illegal transactions, others believe that

The Australian federal government is taking steps to regulate the crypto industry by introducing new regulations that require cryptocurrency exchanges to obtain a financial services license. The government aims to protect consumers and improve the overall security and transparency of the sector. These regulations will be unveiled by Assistant Treasurer Stephen Jones during the Australian

The Moscow Stock Exchange is making significant strides towards innovation in the financial industry. According to Sergei Kharinov, the director of digital assets at the exchange, they are preparing to introduce a new financial product called a digital financial asset (DFA) for real estate assets by 2024. This move aims to democratize real estate investments

Crypto investment firm, Paradigm, has made significant strides by filing an amicus brief to aid Binance in their move to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. Their involvement stems from a deep-rooted concern to ensure that the SEC does not interpret securities laws in a way that jeopardizes the growth of cryptocurrency

Former engineer Aditya Baradwaj has shed light on the lax security practices within Alameda Research, which ultimately resulted in staggering losses of nearly $200 million. Baradwaj reveals that rather than prioritizing crucial risk management protocols, the founder of Alameda and FTX, Sam Bankman-Fried (SBF), focused on rapid company expansion. This decision overlooks standard engineering and

Cryptocurrencies have been a topic of much debate and scrutiny in recent years, with the U.S. Securities and Exchange Commission (SEC) at the forefront of regulating this emerging industry. In a recent court filing, the North American Securities Administrators Association (NASAA) expressed its support for the SEC’s legal actions against Coinbase, a leading cryptocurrency exchange.

The recent SBF trial took an unexpected turn as Alameda Research CEO, Caroline Ellison, took the stand and made shocking revelations about the company’s financial practices. In her testimony, Ellison confessed to committing fraud under SBF’s direction, admitting to diverting billions of dollars from FTX customer funds for failed investments and to pay off debts.

The vulnerability of cryptocurrency exchanges has once again been brought to the forefront as UPbit, a prominent South Korean exchange, revealed that it experienced a staggering 159,061 hacking attempts during the first half of this year. This data, shared by the exchange’s operator, Dunamu, with South Korean politician Rep. Park Seong-jung, highlights the escalating risks

The US Consumer Financial Protection Bureau (CFPB) is taking steps to address the growing concerns surrounding consumer protections in the cryptocurrency market. Recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX have showcased the vulnerabilities within this industry. As a result, the CFPB is evaluating the application of the Electronic Fund Transfer Act

The cryptocurrency industry has long been plagued by concerns surrounding user privacy, security, and ethical business practices. Recent allegations against Arkham Intelligence, a prominent crypto intelligence firm, have once again brought these concerns to the forefront. Whistleblower platform Crypto Leaks released a report that accuses Arkham of exploiting vulnerabilities at major exchanges to uncover users’