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
Exchanges
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
Amid the Securities and Exchange Commission’s recent crackdown on crypto firms, Bitwise Investments CIO Matt Hougan suggested that the regulatory environment may be inadvertently giving US crypto exchange Coinbase an unfair advantage. In a social media post, Hougan pointed out that the current regulatory challenges create an “artificial moat” for Coinbase, potentially allowing the platform
A recent class-action lawsuit has been filed against Coinbase Global, its subsidiaries, and CEO, Brian Armstrong. The lawsuit claims that several digital assets listed on Coinbase are actually securities, violating state securities laws. This legal battle raises questions about the transparency and compliance of the popular cryptocurrency exchange. The plaintiffs in the lawsuit argue that
In a shocking turn of events, Alexander Vinnik, the Russian national behind the operation of the once-prominent crypto exchange BTC-e, has pleaded guilty to charges of money laundering conspiracy in the United States. Vinnik’s BTC-e was a major player in the cryptocurrency market between 2011 and 2017, processing billions of dollars in transactions with over
Coinbase, a leading cryptocurrency exchange, reported impressive revenues of $1.64 billion during the first quarter of 2022, exceeding the expected amount of $1.34 billion. This surge in revenue comes at a time when the crypto market is experiencing a significant uptrend, fueled by a robust Bitcoin rally. The company’s earnings per share stood at $4.40,
The recent actions and statements by former Binance CEO Changpeng Zhao have highlighted the growing importance of compliance within the crypto industry. Zhao himself emphasized the significance of compliance, stating that it is now a crucial factor in the industry’s development. This shift in focus towards compliance comes after Zhao’s four-month imprisonment for violating US
Binance’s co-founder and former CEO, Changpeng ‘CZ’ Zhao, recently submitted a letter of apology to the court on April 24. In the letter, Zhao expressed regret for his poor decisions and accepted full responsibility for his actions. He acknowledged that he should have implemented compliance changes at Binance earlier on and highlighted the stringent controls
FTX creditors are facing a critical decision as the defunct exchange’s bankruptcy estate plans to auction off its remaining Solana token holdings. This auction represents a unique opportunity for retail investors impacted by the collapse of the exchange to participate in the process and potentially recoup some of their losses. Encouragement for Participation Sunil Kavuri,