In recent news, the renowned publication, The Wall Street Journal (WSJ), has come under fire from members of the crypto community for allegedly publishing misleading information regarding Hamas crypto-related funding. The article, published on October 10th, claimed that Hamas had acquired around $90 million in cryptocurrency to finance an unexpected assault on Israel. This revelation
Exchanges
U.S. cryptocurrency exchange Coinbase has recently announced its decision to establish its European MiCA (Markets in Crypto-Assets) hub in Ireland. This move signifies a significant milestone in Coinbase’s ongoing efforts to expand its international presence. With the adoption of MiCA by EU policymakers, Coinbase is now well-positioned to serve a vast market of 450 million
Binance, once hailed as the largest cryptocurrency exchange in the world, is facing significant challenges as it experiences a substantial decline in net outflows, internal turmoil, and heightened regulatory scrutiny. Over the past 24 hours, Binance has seen more than $1 billion in net outflows, signaling a loss of investor confidence. Additionally, the exchange has
Recent media reports have sparked speculations about Vitalik Buterin, co-founder of Ethereum (ETH), selling off his ETH holdings. These reports were based on the observation of wallets connected to Buterin sending Ethereum to exchanges, unknown addresses, and a Gnosis Safe Proxy wallet. The transactions occurred over a span of seven days in September and followed
The Monetary Authority of Singapore (MAS) has granted an in-principle approval to UPbit Singapore, the Singapore subsidiary of South Korean cryptocurrency exchange UPbit. The approval allows UPbit Singapore to offer regulated Digital Payment Token Services while awaiting full approval. This is a significant milestone for UPbit Singapore, as it now joins other exchanges such as
In a groundbreaking move that blends the worlds of cryptocurrency and motorsport, the renowned cryptocurrency exchange Kraken has recently announced its partnership with the iconic Formula 1 team, Williams Racing. This exciting collaboration signifies the coming together of two trailblazing organizations that are known for their pioneering technologies and their shared vision for the future
In a bold move, crypto investment firm Paradigm has filed an amicus brief to support Binance’s bid to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit against it. Seeking to safeguard the development of crypto technology in the United States and protect market stability, Paradigm aims to prevent the SEC from interpreting securities laws
Aditya Baradwaj, a former engineer at Alameda Research, has exposed the alarming security flaws that contributed to the company’s staggering losses of nearly $200 million. These revelations shed light on how the founder, Sam Bankman-Fried, prioritized rapid expansion over essential risk management protocols, ultimately compromising the company’s security. Baradwaj has accused Bankman-Fried of disregarding standard
The U.S. Securities and Exchange Commission (SEC) has recently found an ally in the North American Securities Administrators Association (NASAA) in the ongoing legal battle against Coinbase. NASAA, a nonprofit association of securities regulators, has backed the SEC’s actions against the cryptocurrency exchange, emphasizing the prevalence of fraudsters in the industry. In this article, we
In recent days, the SBF trial has sent shockwaves through the crypto industry as testimonies revealed startling revelations about Alameda Research and its CEO, Caroline Ellison. The trial has exposed a web of fraudulent activities, financial distress, and dubious transactions that have left both investors and industry experts questioning the integrity of the company. This
