In a bold move to cement its footprint in Europe, Kraken, a prominent cryptocurrency exchange, has announced its acquisition of Coin Meester (BCM), a well-established crypto broker in the Netherlands. This acquisition, revealed on September 24, is part of Kraken’s broader strategy to enhance its market presence amid evolving regulatory landscapes and increasing competition. By
Exchanges
The case of Tigran Gambaryan, a detained employee of Binance, has sparked a political outcry and raised critical humanitarian concerns. Since February, Gambaryan has been held in Nigeria under alarming circumstances, which have escalated further due to reports of his deteriorating health. Richard Teng, CEO of Binance, has made an impassioned appeal for the U.S.
Binance, a frontrunner in the cryptocurrency exchange sector, is stepping into the gaming arena with the announcement of “Moonbix,” a play-to-earn (P2E) game exclusively available on Telegram’s Mini App platform. This strategic move signals a merging of social networking with interactive gaming, a combination that holds the potential to reshape how users engage with cryptocurrencies
In recent weeks, Coinbase, a well-established cryptocurrency exchange, has faced a barrage of scrutiny regarding its operations related to Bitcoin exchange-traded funds (ETFs). The controversy ignited on September 16, when unfounded allegations circulated on social media implying that Coinbase was not utilizing BlackRock’s funds to acquire actual Bitcoin (BTC). Instead, critics claimed that the exchange
The landscape of digital currencies, admired for its potential to revolutionize financial transactions, has increasingly drawn the ire of regulators across the globe. Germany’s recent shutdown of 47 cryptocurrency exchanges highlights the urgent need to balance innovation with legality. These exchanges were closed by the Central Office for Combating Internet Crime (ZIT) and the Federal
In the fast-evolving world of cryptocurrency, security breaches are increasingly alarming. BingX, a prominent cryptocurrency exchange, confirmed it faced a significant security lapse when it reported a “minor asset loss” stemming from suspicious transactions involving its hot wallets. This incident, which was disclosed on September 20, accentuates the vulnerabilities inherent in centralized exchanges (CEXs) and
In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Coinbase, the SEC has formally requested a four-month extension to complete the fact discovery phase. In a letter directed to Judge Katherine Polk Failla on September 18, the agency has proposed moving the current deadline from October
The Swiss financial landscape is brimming with potential as the Swiss stock exchange, officially known as SIX, embarks on an ambitious journey to establish a new cryptocurrency trading platform in Europe. This strategic initiative, reported by the Financial Times on September 18, positions SIX to penetrate a market currently dominated by heavyweights such as Binance
In a recent development, Binance, one of the leading players in the global cryptocurrency market, has publicly distanced itself from the troubles faced by Indian cryptocurrency exchange WazirX. The statement, released on September 17, was in direct response to criticisms levied by WazirX co-founder Nischal Shetty, who made claims that alluded to potential shared responsibility
Changpeng Zhao, the prominent co-founder of Binance, is slated to be released from US custody on September 29, following a brief four-month sentence. His recent transfer to the Long Beach Residential Reentry Management (RRM) facility underscores the transitional stage of his incarceration, which is specifically designed to prepare inmates for reintegration into society. Zhao’s journey
