Exchanges

The recent detention of Tigran Gambaryan, an American executive of Binance, by the Nigerian government has caught the attention of many, including Binance CEO Richard Teng. In a public statement, Teng criticized the Nigerian government for its treatment of Gambaryan, highlighting a disturbing viral video that showcased Gambaryan’s struggle to walk into a courtroom. This

The news of OKX SG securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is certainly making waves in the crypto industry. This license, which eliminates daily or monthly transaction limits, is a coveted achievement for companies operating in Singapore. It requires strict criteria to be met, including being registered

Ryan Salame, a former FTX executive, recently made the decision to withdraw his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. This surprising move came in a letter dated Aug. 29, in which Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York

Crypto exchanges Binance and Bybit have recently teased the launch of new products related to Solana, leaving the crypto community buzzing with speculation. Binance’s official X account dropped a mysterious “BNSOL” message hinting at something “coming soon,” while Bybit announced the arrival of “bbSol” on its platform. While no specific details have been provided by

The recent $234 million hack on the WazirX platform has led the company to enter into an initial 30-day moratorium. This decision comes as a shock to the cryptocurrency industry, especially with the pending decision by Singapore’s High Court on whether to grant an extension. CoinSwitch, a rival platform, has also announced its intention to

The recent attempt by former FTX executive Ryan Salame to void his guilty plea has caused a stir in the legal community. Salame claims that prosecutors made false promises regarding their investigation into his partner Michelle Bond, leading him to plead guilty under misleading circumstances. However, the US Attorney’s Office has vehemently denied these allegations,

Indian cryptocurrency exchange WazirX has been facing significant challenges following a major security breach on July 18. In a recent post, the exchange warned that external parties not invested in the platform may attempt to prolong its restructuring process for their own gains. These parties are looking to create and maintain uncertainty rather than seeking

In a recent development, a US federal judge has rejected the request made by Kraken, a popular cryptocurrency exchange, to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that

Crypto exchange Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move signifies a significant step towards the growth and development of the Polygon network. Migrating from MATIC to POL The migration of the Polygon ticker from MATIC to

In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, disclosed that it successfully avoided over $2.4 billion in potential user losses related to scams and fraudulent activities within the first seven months of 2024. A significant portion of the averted losses, approximately $1.1 billion, were associated with withdrawals connected to

After falling victim to a $235 million hack, Indian crypto exchange WazirX has made the decision to terminate its asset custody arrangement with Liminal. In a statement released on August 14, WazirX declared its intention to transfer assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets post-breach.

Recently, cryptocurrency exchange Binance found itself at the center of a regulatory storm in Brazil. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, demanded that Binance cease its unauthorized activities in the country or face significant fines. This marked the end of a year-long investigation into Binance’s operations in Brazil, specifically focusing on unlicensed

Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., alleging that ASX made misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely reported in February 2022 that the project was on track for an April 2023 launch and was progressing, when in reality,

A US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. The court found that the plaintiff, Ryan Cox, had valid claims against both Binance.US and CoinMarketCap over accusations that the crypto platforms manipulated the price of the Hex token. In 2021,

Coinbase has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). This move by the SEC has been met with criticism from Coinbase and other industry participants, who believe that the proposed regulation

The recent turmoil in Venezuela following the controversial presidential election results has led to government restrictions on various websites, including Binance. The largest crypto exchange globally, Binance plays a crucial role in Venezuela, as many Venezuelans rely on it for peer-to-peer transactions of stablecoins like USDT and Bitcoin due to the local currency’s severe devaluation.

The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto industry. The Fed’s move was prompted by suspicions that the bank had violated several key regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement

Coinbase, a leading cryptocurrency exchange, has taken a firm stance against the US Commodities Futures Trading Commission’s (CFTC) proposal that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its ambiguous definition of “gaming” and its assertion that such contracts go against the public interest. He

BTSE has recently unveiled the groundbreaking BTSE Dex 2.0, a platform that revolutionizes decentralized trading by introducing cross-compatibility for Ethereum Virtual Machine-based chains. This innovative feature enables users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol, BTSE Dex 2.0 offers

After a tumultuous few days following a $230 million cyberattack on July 18, WazirX has made the decision to restore user balances and reverse trades conducted between July 18 and July 21. This move comes after the platform was disrupted, leading to a suspension of withdrawals to protect user assets. The restoration process is aimed

The US Securities and Exchange Commission (SEC) has taken a strong stance against Coinbase’s motion to compel additional discovery in their ongoing legal battle. The SEC argues that Coinbase’s demands for documents are irrelevant and overly burdensome. This stance is based on the belief that the documents sought by Coinbase do not pertain to the

Binance CEO Richard Teng recently disclosed that the exchange experienced a surge in both inflows and trading volumes amidst market turmoil on August 5th. Despite the macroeconomic uncertainties and the market downturn, Binance managed to attract a net inflow of $1.2 billion in just 24 hours, as reported by DefiLlama’s CEX Transparency metrics. Data from

Solana has recently made headlines in the world of decentralized exchanges (DEX) by surpassing Ethereum in monthly DEX volume for the month of July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking a significant milestone for the network. This surge in volume is attributed to the increasing activity on Solana’s platforms such

Bybit, a prominent crypto exchange, recently announced the termination of its operations in France due to regulatory challenges. The decision came as a result of new developments from the French regulator, which raised concerns about licensing issues. This move has left Bybit with no choice but to cease its services in the country, much to

Recently, crypto researcher Molly White raised allegations against popular crypto exchange Coinbase regarding a $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC). White suggested that this donation might have violated campaign finance laws due to the timing of the contribution in relation to Coinbase’s negotiations for a federal government contract with

Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter, exceeding market expectations. This significant figure represents a substantial increase from the $674.1 million in total income reported during the same period last year. Furthermore, the company managed to achieve a net income of $36 million for the quarter,

The decentralized exchanges (DEXs) have reached a milestone with their highest-ever trading volume compared to centralized exchanges (CEXs). Uniswap founder Hayden Adams pointed out this significant achievement, emphasizing that the DEX market share is currently at an all-time high in relation to CEXs. This trend is supported by a chart from The Block, illustrating the