Binance CEO Richard Teng has taken a stand against the Nigerian government for their mistreatment of Tigran Gambaryan, an American executive who has been detained since February. Teng expressed his outrage in a public statement, calling for an end to the inhumane treatment of Gambaryan and demanding that he be allowed to return home for
Exchanges
OKX SG, a crypto exchange based in Singapore, recently announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore because it allows businesses to operate without daily or monthly transaction limits. To qualify for the license, companies must meet certain
Ryan Salame, a former FTX executive, has decided to withdraw his petition to dismiss an indictment against Michelle Bond, just days before a critical court hearing. This decision comes after Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, is accused of conspiring with Salame
Recent hints from major cryptocurrency exchanges Binance and Bybit suggest that they may be gearing up to launch products related to Solana. The cryptic messages posted by Binance’s X account and Bybit’s announcement of a new product labelled “bbSol” have sparked speculation within the crypto community. While specific details about these products have not been
Recently, the embattled cryptocurrency platform WazirX announced that it has entered an initial 30-day moratorium after suffering a $234 million hack in July. This decision is pending approval from Singapore’s High Court on whether to grant an extension, as indicated by a statement released on August 28. The platform, operated by Zettai Pte, a Singapore-incorporated
The US government has recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, claiming it was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. Salame, who was sentenced to 90 months in prison after admitting to campaign finance violations and operating an unlicensed money-transmitting
Indian cryptocurrency exchange WazirX is facing challenges in its restructuring process, as external parties not invested in the platform are attempting to prolong the process for their own gains. The exchange has highlighted that these parties are creating uncertainty and hindering the resolution process, rather than working towards a solution. Following a major security breach
A recent development in the ongoing legal battle between cryptocurrency exchange Kraken and the US Securities and Exchange Commission (SEC) has seen a federal judge denying Kraken’s request to dismiss the lawsuit filed against them. The SEC has accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency, with the regulator alleging
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s plan to upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange will begin migrating the Polygon ticker from MATIC to POL starting on Aug. 26. During this migration process, sending and receiving MATIC on the Polygon network will be disabled
Binance, the leading cryptocurrency exchange, proudly announced that it had thwarted over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. This impressive feat showcases the platform’s dedication to safeguarding its users from malicious activities in the volatile crypto space. The exchange attributed its success to a
