Exchanges

U.S. prosecutors recently addressed the concerns raised by Sam Bankman-Fried, the former CEO of FTX, and his legal team in a filing on August 29. Bankman-Fried and his team had previously objected to the government’s decision to provide a substantial amount of discovery materials in the weeks leading up to the trial. In response, the

The recent report by Arkham Intelligence has revealed some startling information about the popular trading platform, Robinhood. According to the report, Robinhood allegedly holds over $3 billion worth of Bitcoin in a single address. This news has sparked curiosity and speculation among cryptocurrency enthusiasts and investors alike. In this article, we will delve deeper into

U.S. prosecutors have recently disclosed a massive amount of discovery documents in the case of former FTX CEO, Sam Bankman-Fried. However, his lawyers have raised concerns regarding the government’s intention to provide access to these materials while Bankman-Fried is detained at the Metropolitan Detention Center in Brooklyn (MDC). One of the primary issues highlighted by

Bankruptcy claims agent Kroll, which was hired by FTX, has fallen victim to a cybersecurity incident that has compromised the personal information of certain FTX customers. FTX, a popular cryptocurrency exchange, confirmed the breach on social media platform X in a post on August 25. The company clarified that the breach only impacted non-sensitive customer

In a recent statement released on Aug. 24, Binance announced that its popular crypto debit card, Binance Card, will no longer be available in Latin America and the Middle East starting from Sept. 21. This shocking announcement comes as a major setback for the exchange and its users in these regions. The Binance Card is

PayPal, the global online payment solutions provider, has announced that it will temporarily suspend its cryptocurrency buying services in the United Kingdom. Select users received an email on August 14, notifying them of this upcoming disruption. The pause on buying crypto will commence on October 1, 2023, and is anticipated to last until early 2024.

The decentralized finance (DeFi) sector continues to evolve with new innovations and advancements. One such development is the launch of Nexera decentralized exchange (DEX) by DeFi infrastructure provider AllianceBlock. This article explores the key features and potential impact of Nexera DEX on the Ethereum network. Nexera DEX sets itself apart with its innovative design and

Coinbase, one of the world’s leading cryptocurrency exchanges, has made an official entry into the Canadian market. In an announcement on August 14th, the exchange revealed its strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This partnership marks a significant milestone as it introduces Interac payment rails, enabling seamless Canadian Dollar

The recent filing of an amicus brief by a group of law professors and scholars has dealt a significant blow to the U.S. Securities and Exchange Commission’s (SEC) case against Coinbase. This legal document, which provides additional information and perspective to the court, has been described by crypto lawyer James Murphy as “devastating” for the

Binance Labs, the investment arm of Binance, recently announced that it has invested $5 million in Curve DAO Token (CRV) to support the decentralized finance (DeFi) platform. This move comes in the wake of a recent attack that resulted in the theft of at least $60 million from Curve Finance. In this article, we will

In a surprising turn of events, decentralized exchanges (DEX) on Coinbase’s newly launched layer2 network, Base, have quickly surpassed the trading volume of established layer1 networks such as Cardano (ADA) and others. Data from DeFiLlama reveals that within 24 hours of its launch, Base ranked among the top 10 networks by trading volume, generating an

The cryptocurrency industry has seen its fair share of controversies and scandals over the years. One such incident involves FTX DM, a subsidiary of FTX, whose co-CEO Ryan Salame is reportedly in talks with federal prosecutors to potentially plead guilty to criminal charges related to the collapse of the crypto exchange. This development has sent

Cryptocurrency exchange Huobi has announced that it will soon list the newly launched PayPal’s PYUSD stablecoin. In a statement released on August 8th, Huobi stated that it will be the first cryptocurrency exchange to support the launch of PYUSD stablecoin. It further added that it will provide PYUSD/USDT trading pairs with a permanent 0 trading

Cryptocurrency exchange Kraken has recently announced the listing of two Reddit cryptocurrency tokens, MOONS and BRICKS. This move allows users to trade these tokens on Kraken and Kraken Pro, both in spot and futures markets, using USD and EUR trading pairs. This article explores the significance of this listing and the potential impact it may

Leading cryptocurrency exchange, Coinbase, is not backing down in its legal battle against the Securities and Exchange Commission (SEC). In their recent shareholder letter, the company revealed its plan to file a motion to dismiss the lawsuit in its entirety. Coinbase firmly believes that none of the assets or services mentioned in the SEC’s complaint

The Australian Securities and Investments Commission (ASIC) has taken legal action against online trading platform eToro for allegedly breaching financial regulations related to cryptocurrency derivative products. ASIC claims that eToro violated the design and distribution obligations under the Corporations Act 2001 between October 2021 and July 2023. Concerns Over Consumer Protection ASIC Deputy Chair Sarah

Coinbase, one of the leading cryptocurrency exchanges, is making strides towards integrating the Bitcoin Lightning Network (LN) in its platform. This move aims to enhance cryptocurrency payments and tackle scalability concerns surrounding Bitcoin. The Importance of Lightning Network Integration The Lightning Network operates as a “layer 2” payment protocol developed on top of Bitcoin. Its

In a recent press statement, Binance Japan announced the launch of a dedicated platform to onboard new customers in the country. This move is aimed at bolstering the embattled crypto exchange’s business and expanding its services in the Asian market. Binance Japan, formerly known as SAKURA Exchange Bitcoin, Inc., is one of the largest exchanges

The Nigerian Securities and Exchange Commission (SEC) has once again emphasized that Binance’s operations within the country are illegal. In a recent statement, the regulator specifically pointed out Binance’s official website and stated that the activities of the platform are not registered or regulated by the Commission. This reaffirmation of the warning comes amid the

Cryptocurrency exchange Binance and its CEO Changpeng ‘CZ’ Zhao have filed a motion to dismiss the charges brought against them by the U.S. Commodity Futures Trading Commission (CFTC), stating that the regulator acted beyond its powers. Binance argued that the CFTC failed to establish personal jurisdiction over the foreign Binance Entities and Mr. Zhao since

Disgraced FTX founder Sam Bankman-Fried (SBF) may be subjected to a gag order, preventing him from making any public statements concerning FTX and the individuals involved in the legal case, according to Reuters. Judge Lewis Kaplan is expected to decide whether this gag order is necessary during a hearing scheduled for July 26. SBF has

Crypto exchange Binance has announced the successful integration of the Bitcoin Lightning Network (LN) for its deposits and withdrawals activities. The LN is a payment protocol built on Bitcoin that aims to address scalability issues and improve user experience. Binance Joins Leading Exchanges Binance now joins the ranks of Bitfinex, Kraken, and OKX as one

In a recent announcement on July 14, Kain Warwick, the founder of Infinex, unveiled a groundbreaking frontend called Infinex. This innovative platform aims to compete with centralized exchanges by serving as a frontend to the derivatives liquidity protocol, Synthetix. Infinex is specifically designed to address three major obstacles: user migration to Optimism, acquisition of the

Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently being traded at an 8% discount on Binance.US, a popular cryptocurrency exchange. This situation can be attributed to liquidity issues that have arisen on the platform following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). According to data from Binance.US,

Crypto.com, a cryptocurrency platform, has recently filed legal documents to recover funds following an erroneous transaction. The incident occurred on June 24, 2022, when Georgia resident James Deutero McJunkins Jr., a Crypto.com user, received an incorrect deposit of $50,000 in his Crypto.com account. McJunkins promptly transferred the funds to a bank account. Despite Crypto.com’s multiple

According to a report by CBC on July 4, two Canadian teenagers have been apprehended and charged in connection with the theft of $4.2 million in cryptocurrency. The accused teenagers allegedly posed as Coinbase support to gain unauthorized access to a victim’s exchange account, stealing a significant amount in Bitcoin (BTC) and Ethereum (ETH). While

Binance, one of the leading cryptocurrency exchanges, experienced a significant decline in spot trading volume during the second quarter. This decline, amounting to nearly 70%, was primarily attributed to the reintroduction of fees for its most liquid Bitcoin pairs. The exchange had previously offered zero-fee trading for Binance USD (BUSD), but due to regulatory challenges