In a recent post, crypto lawyer James Murphy expressed his belief that the amicus brief filed by six law scholars in support of Coinbase is “devastating” for the U.S. Securities and Exchange Commission (SEC). This legal document, filed by experts in securities law and related fields, challenges the SEC’s “investment contract” theory and provides a
Exchanges
Binance Labs, a venture capital and incubator arm of the cryptocurrency exchange Binance, has recently announced a $5 million investment in Curve DAO Token (CRV). The purpose of this investment is to provide support to the decentralized finance (DeFi) platform following a recent attack. Yi He, the Co-Founder of Binance and Head of Binance Labs,
Decentralized exchanges (DEX) on Coinbase’s recently launched layer2 network, Base, have achieved remarkable trading volume within a short span of time. In fact, Base has managed to outperform established layer1 networks such as Cardano (ADA) and others, less than 24 hours after its public debut. This groundbreaking achievement is based on data obtained from DeFiLlama.
In a shocking development, Ryan Salame, the former co-CEO of FTX’s Bahamas subsidiary, FTX DM, is reportedly in negotiations with federal prosecutors regarding criminal charges related to the collapse of the cryptocurrency exchange. According to Bloomberg’s sources, Salame may plead guilty, although it remains uncertain whether he will choose to testify against FTX’s co-founder and
Cryptocurrency exchange Huobi has made an announcement that it will soon list PayPal’s newly launched stablecoin, PYUSD. This move positions Huobi as the first exchange to support the launch of PYUSD, offering PYUSD/USDT trading pairs with zero trading fees permanently. While Huobi has not provided a definite timeline for the listing, it has stated that
In recent days, rumors and speculations about the financial health of cryptocurrency exchange Huobi have circulated, leading to doubts about the platform’s stability and trustworthiness. The situation has been further exacerbated by claims that several Huobi exchange executives have been taken into custody by the Chinese police. These claims, however, have been denied by Justin
Cryptocurrency exchange Coinbase recently released its Q2 earnings report, revealing significant revenue despite facing overall losses. The report highlighted various financial figures, including revenue, net loss, adjusted earnings, and transaction revenue. Additionally, Coinbase discussed its market performance and future plans. In Q2, Coinbase reported a total revenue of $708 million, which experienced an 8% decline
The Australian Securities and Investments Commission (ASIC) has taken legal action against leading online trading platform eToro over alleged violations of financial regulations related to cryptocurrency derivative products. This lawsuit comes as a result of two-thirds of Contract For Difference (CFD) traders reportedly losing funds. The ASIC has accused eToro of contravening the design and
Recent reports have sparked a controversy surrounding Binance, one of the world’s largest cryptocurrency exchanges, and its alleged ties to China. The Wall Street Journal (WSJ) claimed that China accounted for a significant portion of Binance’s trading volume, but the exchange has vehemently denied this. In this article, we will analyze the conflicting statements and
Binance, a beleaguered cryptocurrency exchange, has recently made strides in expanding its reach in Japan. Its Japanese subsidiary, Binance Japan, has launched a new platform dedicated to onboarding new customers in the Asian country. This move comes as Binance faces increasing regulatory challenges from various jurisdictions, prompting its exit from several countries. In November 2022,
