Exchanges

In a recent announcement, Kraken revealed its partnership in the creation of the Blockchain Security Standards Council (BSSC) alongside several key industry players. The BSSC aims to establish standardized security measures across the crypto sector to combat prevalent security threats like fraud, cyberattacks, and protocol exploitation. The organization’s primary objective is to develop consensus-driven security

The Markets in Crypto-Assets (MiCA) regulation introduced by the EU has sent shockwaves throughout the digital asset market, particularly affecting companies operating within the Eurozone. One of the immediate effects of this new regulation is the significant decrease in new exchange listings. Data from Kaiko reveals a sharp decline in the growth of new listings,

The sentencing for senior FTX executives Gary Wang and Nishad Singh is set for later this year. Wang, the former CTO and co-founder of the defunct exchange, will be sentenced on Nov. 30, while Singh’s hearing is scheduled for Oct. 30. Both individuals pleaded guilty to criminal charges after FTX’s collapse in November 2022 and

The recent scandal at Paxful Inc. involving co-founder and former CTO Artur Schaback pleading guilty to conspiracy charges related to failing to maintain an effective anti-money laundering (AML) program is a stark reminder of the consequences of negligence. Schaback’s actions not only put the financial system at risk but also allowed criminal activities such as

Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently accused Binance, a popular cryptocurrency exchange, of conducting transactions that are reserved for authorized banks and financial institutions. Akinwumi’s accusations came to light during his testimony in a lawsuit brought by the Economic and Financial Crimes Commission (EFCC) against Binance and its

Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a bold step by applying for a license to operate as a Virtual Asset Service Provider (VASP). Being listed as the 26th VASP by the Financial Supervisory Commission, Taiwan Mobile has solidified its position in the growing crypto market. With Lin Zhichen leading the company

Binance.US, the American arm of the popular cryptocurrency exchange Binance, is facing a legal battle with the Securities and Exchange Commission (SEC). After an unsuccessful attempt to dismiss the SEC’s allegations of securities law violations, the Court decided that the case would continue. The ruling upheld 10 out of 13 charges against Binance, including those

Sony Group, a well-known conglomerate in Japan, has recently announced its acquisition of Amber Japan, a move that will lead to the launch of a new crypto exchange. The exchange, previously known as WhaleFin, will now be renamed S.BLOX Co. Sony has indicated that along with the rebranding, there will be a redesign of the

Kraken founder Jesse Powell has made headlines for his recent donation of $1 million, predominantly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that his donation was aimed at helping the US maintain its leadership in blockchain technology. This move has sparked controversy and garnered attention within the crypto community.

In a recent development, a US bankruptcy court has given FTX the green light to collect votes on a liquidation proposal that would compensate customer claims with cash. The plan, which is based on crypto prices at the time of FTX’s collapse in November 2022, has sparked controversy among some customers who argue that they