In a recent development, the US legal system has decisively upheld the conviction and sentencing of Sam Bankman-Fried, the once-prominent figure in the cryptocurrency world and founder of the disgraced FTX exchange. The verdict comes in the wake of the catastrophic collapse of FTX, which sent shockwaves through the financial landscape, leaving investors scrambling to
Exchanges
In a significant turn of events for the Indian cryptocurrency exchange WazirX, the Delhi High Court has mandated a renewed investigation into the platform following a series of alarming allegations. As of December 18, when the ruling was announced, Binance made a dramatic move by revealing plans to delist WazirX’s native token, WRX. This confluence
In a significant move to enhance consumer protection within the cryptocurrency trading sector, the Australian Securities and Investment Commission (ASIC) has initiated legal action against Oztures Trading Ltd, the entity behind Binance Australia Derivatives. The lawsuit stems from allegations that the company engaged in improper classification of its clients, specifically mislabeling retail investors as wholesale
In its recent transparency report, Coinbase unveiled a significant detail that reflects the evolving relationship between cryptocurrency exchanges and law enforcement agencies globally. With a total of 10,707 requests for information received from governments and law enforcement over the past year, there’s a noticeable 18% drop compared to the previous reporting cycle. This decline is
In a landscape where digital currency exchanges must navigate a web of regulatory and operational challenges, the recent clash between Coinbase and BiT Global regarding the delisting of Wrapped Bitcoin (WBTC) has unfolded into a pivotal legal battle. Coinbase has firmly opposed BiT Global’s legal maneuvers aimed at preventing the exchange from delisting WBTC, a
In a significant development for the cryptocurrency landscape in Latin America, El Salvador’s Central Reserve Bank has granted Bitget a Bitcoin Service Provider (BSP) license. This announcement, made on December 16, highlights the Central American nation’s progressive approach toward cryptocurrency regulation and adoption. Bitget, a well-known exchange, can now legally offer a range of Bitcoin
In a significant legal move, BiT Global has initiated a lawsuit against Coinbase, a dominant player in the U.S. cryptocurrency market, alleging serious anti-competitive practices. The accusations stem from Coinbase’s recent decision to delist wrapped Bitcoin (WBTC) from its platform in favor of its proprietary offering, Coinbase Wrapped Bitcoin (cbBTC). This lawsuit not only highlights
In a surprising turn of events, GateToken, the native cryptocurrency of the Gate.io exchange, has reached a milestone, catapulting to an astonishing price of $13.79 before settling at $13.29. This unprecedented rise came despite swirling rumors of a potential security breach that engulfed social media platforms. The response from Gate.io underscored the reliability of its
In 2024, Binance has solidified its position as the undisputed leader in the cryptocurrency exchange market, reporting an astounding $21.6 billion in customer deposits. This milestone, unveiled in a report on December 12, illustrates a remarkable gap between Binance and its closest rivals. According to data from DeFi Llama, Binance’s deposits exceed those of the
On December 11, 2023, Coincheck Group, the parent entity of the well-known Coincheck crypto exchange, marked a significant milestone by officially listing on the Nasdaq stock exchange. This pivotal event follows the culmination of a merger with Thunder Bridge Capital, which was formally concluded earlier in December. The convergence of these two entities has not
