The recent decision by U.S. authorities to reject Sam Bankman-Fried’s appeal marks a significant moment in the ongoing saga surrounding the infamous FTX collapse. Bankman-Fried, who was once heralded as a prodigy in the cryptocurrency world, founded FTX, a crypto exchange that famously spiraled into bankruptcy. His appeal aimed to nullify both his conviction and
Exchanges
WazirX, one of India’s largest cryptocurrency exchanges, is currently at a crossroads, facing intensified scrutiny following recent judicial actions. On December 18, 2023, the Delhi High Court ordered a new investigation into the platform, coinciding with Binance’s announcement that it would delist WazirX’s native token, WRX. Central to these developments is a petition filed by
As the cryptocurrency market continues to evolve, so does the regulatory landscape governing it. The Australian Securities and Investments Commission (ASIC) has recently escalated its commitment to enforcing compliance among crypto exchanges by taking legal action against Oztures Trading Ltd, the operator of Binance Australia Derivatives. This move underscores the critical importance of consumer protection
In a recent transparency report, Coinbase revealed it has seen a significant yet complex evolution in the types of requests it receives from law enforcement and government agencies worldwide. With a total of 10,707 requests logged over the past year, there is an 18% drop when compared to the previous year’s figures. This decline, while
In the constantly evolving landscape of cryptocurrency, legal conflicts often arise that reflect the complex interplay between market dynamics, regulatory scrutiny, and corporate governance. A notable recent case involves Coinbase, a leading cryptocurrency exchange, and BiT Global, the developer behind wrapped Bitcoin (WBTC). Coinbase’s decision to delist WBTC, citing concerns related to its association with
El Salvador has established itself as a pioneering nation in the realm of cryptocurrency by becoming the first country in the world to adopt Bitcoin as legal tender. This revolutionary move not only placed the small Central American nation in the global spotlight but also showcased its intent to foster innovation through cryptocurrencies. With the
The cryptocurrency market is an ever-evolving landscape that has witnessed a plethora of innovations and competitive strategies. Recently, this competition has spilled into the courtroom as BiT Global, a crypto custodian with ties to the controversial Justin Sun, has filed a lawsuit against Coinbase, the United States’ leading cryptocurrency exchange. This lawsuit raises several serious
In a remarkable display of market confidence, GateToken, the native cryptocurrency of the Gate.io exchange, has experienced a meteoric rise, hitting a new all-time high of $13.79 before settling back at around $13.29. This surge occurred against a backdrop of swirling rumors regarding a potential security breach that circulated across various social media platforms. The
In the highly competitive landscape of cryptocurrency exchanges, Binance has once again reinforced its market leadership by reporting an impressive $21.6 billion in customer deposits for 2024. This remarkable figure not only underscores the exchange’s robust position but also highlights how far ahead Binance is compared to its nearest competitors. According to a report from
On December 11, Coincheck Group, the operator of the prominent Coincheck crypto exchange, made its debut on the Nasdaq stock exchange. This groundbreaking event follows the recent merger with Thunder Bridge Capital, which was officially completed earlier in December after a successful vote by Thunder Bridge shareholders. The culmination of this merger not only signifies
