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
Exchanges
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
In a recent development, a federal judge in California hinted that he might not dismiss the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken Exchange. According to reports, Judge William Orrick expressed his inclination to deny Kraken’s request for dismissal during the oral argument. He mentioned that it seemed plausible that the digital assets
Binance, the largest cryptocurrency exchange in the world, is currently facing increasing regulatory challenges in different countries. In India, the Financial Intelligence Unit (FIU) fined Binance 188.2 million Indian Rupees for not complying with the country’s Anti-Money Laundering (AML) regulations. The regulator found that Binance had violated three provisions of the Prevention of Money Laundering
Recently, blockchain security firm CertiK made headlines after discovering a critical vulnerability in the deposit system of the popular crypto exchange, Kraken. This revelation shed light on the risks associated with digital asset transactions and raised concerns about the security measures implemented by leading platforms in the crypto market. CertiK’s investigation into Kraken’s deposit system
When it comes to traveling with cryptocurrency, the security of your digital wallet is of utmost importance. Ensuring that your funds are safe and protected should be a top priority. Implementing strong security measures, such as using secure passwords and two-factor authentication, can help safeguard your funds against potential threats. One of the key considerations
In recent news, a federal high court in Nigeria made the decision to dismiss a human rights lawsuit filed by Binance executive Nadeem Anjarwalla. This lawsuit was against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The dismissal was due to a lack of legal representation for Anjarwalla, which was seen
In a recent incident, the popular cryptocurrency exchange Kraken fell victim to a security flaw that resulted in a loss of $3 million in digital assets. Chief Security Officer Nick Percoco revealed that a rogue security research company exploited a critical bug in Kraken’s funding system, allowing them to artificially inflate their account balances and
