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
Exchanges
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
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
