The recent legal battle between the First District Court of Appeals in Florida and the Office of Financial Regulation has garnered significant attention within the cryptocurrency community. The court’s decision to nullify an Emergency Suspension Order (ESO) issued against Binance.US sets a precedent for future regulatory actions against crypto exchanges. Binance.US’s argument that the suspension
Exchanges
Coinbase, a well-known crypto trading platform, claimed to have resumed operations after a system-wide outage lasting over three hours. However, many customers took to social media to express their frustration, stating that they were still unable to withdraw their funds. One user, Nigel Dias, reported that he received a message stating, “Sending to this recipient
Recently, The Wall Street Journal published a report accusing Binance, the world’s largest crypto exchange, of firing the head of its market surveillance team. This action was reportedly taken after the team raised concerns about potential market manipulation by a high-profile client, DWF Labs. The surveillance team uncovered suspicious trading activity by DWF Labs, which
Japanese cryptocurrency exchange Coincheck has announced its plans to join Coinbase as one of the two publicly listed exchanges in the United States. The company expects to complete its listing on the Nasdaq through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by the second or third quarter of
The CEO of Binance, Richard Teng, has taken a firm stance on the detention of the exchange’s executive, Tigran Gambaryan, in Nigeria. Teng expressed his belief that Gambaryan’s detention was not only unjust but also set a dangerous precedent for companies worldwide. He emphasized that inviting an employee to collaborative policy meetings only to detain
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
