Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., alleging that the ASX made misleading statements regarding its blockchain trade settlement project. According to ASIC, the ASX falsely claimed that the project was “on track” for an April 2023 launch and that it was “progressing” when in
Exchanges
In a recent development, a US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. This ruling came after the plaintiff, Ryan Cox, brought forward valid claims against both Binance.US and CoinMarketCap for allegedly manipulating the price of the Hex token. Cox
Recently, Binance confirmed that the Venezuelan government has placed restrictions on access to its website following the controversial presidential election results. This action has impacted several websites of companies in Venezuela, including social networks. Despite the restrictions, Binance reassured its users that their funds remained secure and that the situation was being closely monitored. As
Tyler Winklevoss, the co-founder of Gemini, has raised alarms about the resurgence of Operation Chokepoint 2.0, citing the recent regulatory actions taken by the US Federal Reserve against Customers Bank. The Fed’s move is in response to alleged violations of various financial regulations related to digital assets, including the Bank Secrecy Act, Anti-Money Laundering laws,
Coinbase, a prominent cryptocurrency exchange, has taken a stand against the proposed regulations by the US Commodities Futures Trading Commission (CFTC) that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, raised concerns about the proposal’s vague definition of “gaming” and its assertion that such contracts are not in the
BTSE has recently made headlines with the launch of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This new update allows users to trade over 50 perpetual futures on networks like Base, Optimism, and Arbitrum. The integration of Orderly Network’s decentralized exchange protocol further enhances liquidity and cross-chain interoperability for
WazirX has recently announced the restoration of user balances and the reversal of trades that took place between July 18 and July 21. This decision comes after a devastating $230 million cyberattack that disrupted platform operations on July 18, resulting in the suspension of withdrawals. The main goal of this measure is to ensure fair
Binance CEO Richard Teng recently shared that the exchange experienced record inflows and one of its highest trading volumes this year amidst a jittery market on August 5th. Teng revealed that Binance recorded a net inflow of $1.2 billion in the past 24 hours according to DefiLlama’s CEX Transparency metrics. Data from DeFillama indicated that
The latest data from DefiLlama has revealed that Solana, a relatively new blockchain network, has managed to outperform Ethereum in terms of decentralized exchange (DEX) volume in July. With $55.8 billion in DEX transactions, Solana has surpassed Ethereum’s $53.8 billion for the same period, marking a significant achievement for the network. This spike in volume
Crypto exchange Bybit has recently announced its decision to cease operations in France due to regulatory issues. The decision comes as a response to new developments from the French regulator, which has raised concerns about licensing requirements. Bybit has expressed its intention to return to the French market once it obtains the necessary licenses. The
