Tyler Winklevoss, the co-founder of Gemini, has raised alarms about the resurgence of Operation Chokepoint 2.0, citing the recent regulatory actions taken by the US Federal Reserve against Customers Bank. The Fed’s move is in response to alleged violations of various financial regulations related to digital assets, including the Bank Secrecy Act, Anti-Money Laundering laws,
Exchanges
Coinbase, a prominent cryptocurrency exchange, has taken a stand against the proposed regulations by the US Commodities Futures Trading Commission (CFTC) that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, raised concerns about the proposal’s vague definition of “gaming” and its assertion that such contracts are not in the
BTSE has recently made headlines with the launch of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This new update allows users to trade over 50 perpetual futures on networks like Base, Optimism, and Arbitrum. The integration of Orderly Network’s decentralized exchange protocol further enhances liquidity and cross-chain interoperability for
WazirX has recently announced the restoration of user balances and the reversal of trades that took place between July 18 and July 21. This decision comes after a devastating $230 million cyberattack that disrupted platform operations on July 18, resulting in the suspension of withdrawals. The main goal of this measure is to ensure fair
Binance CEO Richard Teng recently shared that the exchange experienced record inflows and one of its highest trading volumes this year amidst a jittery market on August 5th. Teng revealed that Binance recorded a net inflow of $1.2 billion in the past 24 hours according to DefiLlama’s CEX Transparency metrics. Data from DeFillama indicated that
The latest data from DefiLlama has revealed that Solana, a relatively new blockchain network, has managed to outperform Ethereum in terms of decentralized exchange (DEX) volume in July. With $55.8 billion in DEX transactions, Solana has surpassed Ethereum’s $53.8 billion for the same period, marking a significant achievement for the network. This spike in volume
Crypto exchange Bybit has recently announced its decision to cease operations in France due to regulatory issues. The decision comes as a response to new developments from the French regulator, which has raised concerns about licensing requirements. Bybit has expressed its intention to return to the French market once it obtains the necessary licenses. The
Cryptocurrency exchange Coinbase has come under scrutiny for allegedly violating campaign finance laws with a $25 million donation to a crypto Super Political Action Committee (PAC) called Fairshake. However, Coinbase has firmly rejected these claims, stating that they did not breach any rules. The allegations against Coinbase were made by crypto researcher Molly White, who
Coinbase recently announced its second-quarter revenue of $1.449 billion, surpassing analysts’ expectations of $1.396 billion. This marked a substantial increase from its revenue of $674.1 million during the same period last year. The exchange also reported a net income of $36 million, a stark difference from the net loss of $97 million in 2023. These
Decentralized exchanges (DEXs) are currently experiencing a surge in trading volume, surpassing centralized exchanges (CEXs) for the first time. According to recent data highlighted by Uniswap founder Hayden Adams, DEX market share has reached an all-time high relative to CEX. This shift is supported by a chart from The Block, showing a steady increase in
