Efforts to revive FTX are drawing near a close with three possible buyers, according to recent reports. The former New York Stock Exchange (NYSE) president, Tom Farley, has expressed interest in purchasing FTX through his crypto exchange, Bullish. Alongside Farley, the crypto VC firm Proof Group and the fintech startup Figure Technologies are also vying
Exchanges
Gemini’s UK branch recently announced that it will be limiting cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting November 17th. This decision comes as a result of the Travel Rule regulations, which require VASPs to share sender and receiver information for crypto transactions. Gemini acknowledges that in
The U.S. Supreme Court has recently announced its decision to review a highly contentious case involving cryptocurrency exchange Coinbase and a dispute with its users regarding a Dogecoin sweepstakes, according to a report by Bloomberg News. At the heart of the matter lies Coinbase’s attempt to shift the dispute with its users from the public
In its recently released shareholder letter for the third quarter of 2023, leading cryptocurrency exchange Coinbase reported a decline in total revenue and net revenue compared to the previous quarter. While this may raise concerns, a deeper analysis of the company’s financials and strategic initiatives reveals both strengths and areas for improvement. Coinbase reported a
Coinbase, one of the world’s leading cryptocurrency exchanges, has announced that retail traders in the United States will now have the ability to trade crypto futures. This new development, made possible through Coinbase Financial Markets, opens up opportunities for advanced users to engage in futures trading for Bitcoin (BTC) and Ethereum (ETH). As Coinbase continues
Blockchain analytics firm Nansen recently revealed that bankrupt cryptocurrency exchange FTX has conducted several transactions, moving a total of $156 million worth of digital assets, including Ethereum (ETH) and Solana (SOL), in the past week. This article critically examines these movements and the implications they may have for FTX and its stakeholders. On October 30,
Around 5,000 Coinbase users have recently signed up as potential amicus curiae in the ongoing legal dispute between Coinbase and the U.S. Securities and Exchange Commission (SEC). This article critically examines the significance of this development and its potential impact on the case. An amicus curiae, which translates from Latin to “friend of the court,”
Coinbase, one of the leading cryptocurrency exchanges, has recently accused the U.S. Securities and Exchange Commission (SEC) of overstepping its authority in a court filing on October 24th. The exchange argues that the SEC’s classification of crypto assets as securities falls outside of its jurisdiction. Coinbase further alleges that the regulatory body seeks to change
Binance has been able to maintain a strong derivatives trading volume during U.S. trading hours, despite facing legal action from the Commodity Futures Trading Commission (CFTC). Derivatives, such as futures contracts, forwards, options, and swaps, have become popular financial instruments in the crypto industry. These instruments allow investors to hedge, leverage, and speculate on the
In the midst of an ongoing criminal trial, Sam Bankman-Fried (SBF), the founder of FTX, has revealed plans to bring in a financial expert witness for his defense. This move comes after the testimony provided by government witnesses, including former FTX executives and the former CEO of Alameda Research Caroline Ellison. SBF’s legal team has
