Bitget, a cryptocurrency exchange registered in Seychelles, is making waves in the world of cryptocurrency trading. Founded in 2018, Bitget has grown to become the largest crypto copy trading platform globally, serving over 25 million users and facilitating a trading volume exceeding $10 billion USDT daily. The platform’s success can be attributed to its commitment
Exchanges
Recently, a Nigerian High Court in Abuja made the decision to have Tigran Gambaryan, a US citizen and Binance executive, detained in prison. This ruling came just after the postponement of his bail hearing, in which he pleaded not guilty to money laundering charges. Gambaryan’s bail hearing has been rescheduled for April 18, and the
The decision by the bankrupt crypto exchange FTX to sell its Solana holdings at a significant discount to crypto venture firms has been met with strong disapproval from creditors. Reports have surfaced revealing that FTX sold as much as 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and
The recent court hearing for Binance in Nigeria on April 4 highlighted a glaring issue – the absence of legal representation for the cryptocurrency exchange. Instead of having legal counsel present, only the compliance chief, Tigran Gambaryan, attended the hearing. This lack of legal representation could potentially have serious consequences for Binance as they navigate
Coinbase, a well-known US-based crypto exchange, has finally made good on its promises by integrating the Bitcoin Lightning Network. This move comes after repeated assurances by the exchange’s CEO, Brian Armstrong, to implement this scaling solution. Lightspark, a lightning network-based payment infrastructure provider, announced on April 3 that it had been chosen by Coinbase to
KuCoin, a popular cryptocurrency exchange, has recently faced legal challenges with US authorities, leading to a significant decline in user assets on the platform. The exchange’s latest proof-of-reserve certificate revealed a noticeable decrease in user holdings, with Bitcoin balances decreasing by 25.4%, Ethereum balances by approximately 22%, and Tether’s USDT by about 22%. Data from
Recent events have shown that Binance executive Tigran Gambaryan has taken legal action against Nigerian authorities, particularly targeting the National Security Adviser Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). Gambaryan, along with his colleague Nadeem Anjarwalla, was detained on Feb. 26 in connection with investigations into the operations of the exchange in
The US and UK governments have initiated a collaborative investigation into crypto transactions exceeding $20 billion that are suspected of breaching Russian sanctions. These transactions are believed to have been funneled through the Russian crypto exchange, Garantex, as a means to evade international sanctions and potentially fund military endeavors in Ukraine. Despite facing comprehensive sanctions,
The recent criminal charges levied against KuCoin by US authorities have resulted in a significant surge in withdrawal requests from the platform. Data from various on-chain analytics firms such as DefiLlama, Nansen, and SpotOnChain indicate that traders across different categories, including whales, funds, smart money, and market makers, have been withdrawing their assets en masse.
The recent announcement of criminal charges against KuCoin by the US Department of Justice (DOJ) has raised concerns among users and investors. However, despite the allegations of flouting anti-money laundering (AML) laws, KuCoin CEO Johnny Lyu has reiterated that the platform’s operational stability will not be affected. In a statement on social media, Lyu reassured
