U.S. prosecutors have recently responded to accusations made by Sam Bankman-Fried, the former CEO of FTX, and his legal team, in a filing dated Aug. 29. Bankman-Fried and his team had expressed their objections to the government’s decision to provide them with a large amount of discovery materials just weeks before the trial was set
Exchanges
In a recent report published by Arkham Intelligence, it has come to light that Robinhood, the popular online trading platform, allegedly holds over $3 billion worth of Bitcoin in a single address. This revelation has sparked interest and speculation within the cryptocurrency community, as Robinhood has neither confirmed nor denied these claims. The address in
The legal saga surrounding former FTX CEO, Sam Bankman-Fried, has taken a new twist as U.S. prosecutors have released a massive trove of discovery documents. Lawyers representing Bankman-Fried recently raised objections to the government’s intention of making these materials available while their client is held at the Metropolitan Detention Center in Brooklyn. One of the
Binance, one of the leading cryptocurrency exchanges, recently confirmed that it has been engaging with several low-liquidity tokens. This engagement is part of Binance’s ongoing risk management initiative, aimed at ensuring the digital assets listed on their platform meet the high standard level. By reaching out to these tokens, Binance is offering recommendations on how
Binance, one of the world’s largest cryptocurrency exchanges, has reportedly renamed sanctioned Russian banks on its peer-to-peer (P2P) platform in order to allow them to continue their operations. This revelation was brought to light by local media RBC-Crypto, raising questions about Binance’s compliance with global sanctions. Through Binance’s P2P services, users are able to trade
The world of cryptocurrency exchanges is constantly evolving, driven by regulatory pressures and the dynamic nature of the industry. Binance.US, one of the leading players in the market, has recently made a bold move by transitioning to a crypto-only exchange. In a strategic response to banking partners suspending USD channels following a lawsuit by the
EDX Markets, a prominent institutional crypto exchange, made a splash on June 20, 2023, with its announcement of a partnership with Anchorage Digital. Anchorage Digital, a regulated crypto platform known for its financial services and infrastructure solutions, will serve as the custody provider for EDX’s new clearinghouse division, EDX Clearing. This partnership marks a significant
BAM Trading, the operating company of Binance U.S., and BAM Management have recently filed a court motion seeking a protective order against the U.S. Securities and Exchange Commission (SEC). The motion claims that the SEC’s information requests have been “troubling and inappropriate.” The SEC has demanded the production of all communications from November 2022 involving
Coinbase, one of the leading cryptocurrency exchanges, has made its official entry into the Canadian market. To facilitate its expansion, Coinbase has formed a strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This collaboration introduces Interac payment rails, allowing for seamless Canadian Dollar deposits and withdrawals for Coinbase users based in
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
