Exchanges

In the midst of the SEC’s recent crackdown on crypto firms, Bitwise Investments CIO Matt Hougan has raised concerns about the regulatory landscape inadvertently playing into the hands of the US-based crypto exchange Coinbase. According to Hougan, the current regulatory environment is creating an “artificial moat” for Coinbase, giving the platform an edge over its

The recent class-action lawsuit filed against crypto exchange Coinbase Global, its subsidiaries, and CEO Brian Armstrong on May 5 has brought to light some concerning allegations. According to the six plaintiffs involved in the lawsuit, the digital assets listed on Coinbase, such as Solana, Polygon, and Decentraland, are being treated as securities. This claim is

The recent news of Alexander Vinnik, the Russian national who pled guilty to money laundering conspiracy charges in the US, has shed light on the shady dealings that have taken place in the cryptocurrency world. Vinnik, who operated the now-defunct crypto exchange BTC-e, was accused of processing transactions worth $9 billion and having a customer

Coinbase, a leading cryptocurrency exchange platform, reported a staggering $1.64 billion in revenue during the first quarter of the year, surpassing analysts’ expectations of $1.34 billion. This surge in revenue can be attributed to the ongoing bullish trend in the Bitcoin market, which has had a significant impact on the entire cryptocurrency industry. The company’s

Changpeng ‘CZ’ Zhao, the co-founder and former CEO of Binance, recently submitted a heartfelt letter of apology to the court on April 24. This apology comes after Zhao pleaded guilty to criminal charges earlier this year, expressing deep regret in anticipation of his upcoming sentencing date. In his letter, Zhao took full responsibility for his

FTX creditors have been facing a challenging time with the defunct exchange’s bankruptcy estate planning an auction of its remaining Solana token holdings. This move comes after Figure CEO Mike Cagney announced that the upcoming round of FTX’s locked Solana token sales would be conducted through an auction, marking a shift from previous sales to

Recently, Kenyan authorities, in collaboration with various agencies including the EFCC, Nigeria Police Force, Kenya Police Service, FBI, and INTERPOL, successfully captured Nadeem Anjarwalla in Kenya. Anjarwalla, a Binance executive, had been sought by the Nigerian government for several weeks. Following his arrest, reports indicate that he is set to be extradited to Nigeria within

Crypto exchange HashKey recently declared that it would no longer support transactions related to Binance in the upcoming month. This decision includes restrictions on deposits from Binance starting on May 10 and a complete halt to virtual asset withdrawals to Binance-hosted wallet addresses by May 17. Although HashKey attributed this move to “a change in

The recent transfer of assets from the FTT treasury account of the bankrupt FTX exchange has raised concerns in the cryptocurrency community. With approximately $247 million worth of FTT tokens, $6 million worth of ETH, and $3.25 million worth of JOE tokens moved to a new wallet address, it is evident that the exchange is

The recent conversion of Binance’s Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin marks a significant milestone for the cryptocurrency exchange. This move highlights Binance’s commitment to enhancing the security and stability of its assets, while also showcasing its dedication to regulatory compliance and transparency. Binance’s decision to transfer 100% of