In a shocking turn of events, it has come to light that Nadeem Anjarwalla, an executive at Binance, has managed to escape custody in Nigeria. This development has sent shockwaves through the cryptocurrency community, raising concerns about the safety and security of employees at the exchange. The Nigerian authorities have levied serious charges of tax
Exchanges
The Solana community and the broader crypto ecosystem were shocked and appalled by the recent proliferation of inflammatory memecoins on March 22nd. These unknown actors utilized Solana’s token creation feature to introduce thousands of memecoins with racist, antisemitic, and anti-China terminology in their names. These tokens also contained other offensive material, sparking outrage and condemnation
BlackRock, a prominent asset management firm, has chosen Coinbase as the primary infrastructure provider for its innovative tokenized investment fund, known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund is designed to provide investors with a stable value of $1 per token, along with daily accrued dividends that are directly deposited into
BitMEX, one of the prominent cryptocurrency exchanges, recently found itself embroiled in an investigation surrounding “a user selling large orders” on its Bitcoin spot market. The incident saw more than 400 BTC being unloaded on the exchange, causing the price of Bitcoin to plummet by a staggering 87% to $8900 before recovering to its actual
The recent decision by crypto exchange OKX to delist Tether (USDT) pairs in the EU and only support USDC and euro-based pairs has raised concerns among users in the region. This move, which was communicated to customers on March 18, comes in the wake of the EU releasing draft technical standards related to stablecoins. According
In a bold move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity, breaking away from the group’s umbrella supervision. This shift went unnoticed by many until Bloomberg shed light on it in a report on March 15. The disclosure was made apparent on Binance Labs’ website in late
The recent case involving FTX founder Sam Bankman-Fried (SBF) has sent shockwaves through the financial world. Federal prosecutors have requested a staggering 40 to 50-year prison sentence for SBF, citing his involvement in one of the most significant financial frauds of recent times. The misappropriation of over $8 billion in customer funds paints a picture
Crypto.com has recently faced a hefty fine of €2.85 million ($3.1 million) from the Netherlands Central Bank for operating within the European country without proper registration for two years. This particular penalty was aimed at Forix DAX Mt, the Dutch trading entity of Crypto.com. The Apex Bank imposed the fine on the crypto trading platform
Binance, one of the leading cryptocurrency exchanges, recently made a statement regarding its operations in Nigeria. The exchange disclosed that Nigeria is not considered one of its top markets, despite the country’s huge potential for crypto adoption. This statement comes after a series of disputes with Nigerian authorities over Binance’s activities in the region. The
Coinbase recently made headlines with its announcement of a $1 billion bond offering to fuel its growth and expansion plans. The bonds, which are designated as unsecured convertible senior notes, are set to mature in 2030, giving investors the option to convert their holdings into Coinbase shares or cash at that time. The decision to
