Following a recent $235 million hack, Indian crypto exchange WazirX has decided to terminate its asset custody arrangement with Liminal. In an official statement on August 14, WazirX announced the transition of assets from Liminal to new multi-signature (multi-sig) wallets. This strategic move is aimed at fortifying the security of their remaining assets in the
Exchanges
Binance, a prominent cryptocurrency exchange, recently found itself in hot water with Brazilian regulators. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, conducted a thorough investigation into Binance’s activities in the country. The probe, initiated in July 2020, uncovered allegations of unlicensed derivatives trading by Binance. As a result, the regulator ordered the exchange
Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the exchange made misleading statements about its blockchain trade settlement project. The ASIC claims that ASX falsely represented the progress of the project in February 2022, stating that it was “on track” for an April 2023
In a recent development, a US appeals court has made a significant decision regarding a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The court has partially overturned the dismissal of the case, signaling a possible shift in the legal proceedings. The plaintiff, Ryan Cox, brought forth allegations against both Binance.US
Coinbase has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). In the letter addressed to SEC Secretary Vanessa A. Countryman, Coinbase Chief Legal Officer Paul Grewal argued that the proposed rule is
The Venezuelan government’s decision to restrict access to Binance’s website has caused turmoil in the country following controversial presidential election results. Binance, a leading cryptocurrency exchange, confirmed on August 10 that its website was among the many websites facing access restrictions in Venezuela. This move has raised concerns among Venezuelan users who rely on Binance
Recent regulatory actions taken by the US Federal Reserve against Customers Bank have reignited fears of Operation Chokepoint 2.0 within the crypto industry. The Fed’s move comes amidst allegations that the bank failed to adhere to key regulations such as the Bank Secrecy Act, Anti-Money Laundering laws, and OFAC regulations in its dealings with digital
Coinbase has taken a firm stance against a proposal put forth by the US Commodities Futures Trading Commission (CFTC) that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, raised concerns about the proposal’s vague definition of “gaming” and its claim that contracts related to prediction markets are contrary to
BTSE recently made headlines with the launch of BTSE Dex 2.0, a platform that revolutionizes the trading experience by introducing cross-compatibility for Ethereum Virtual Machine-based chains. This upgrade enables users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum. A key feature of BTSE Dex 2.0 is its integration
WazirX recently made an announcement regarding the restoration of user balances and the reversal of trades that took place between July 18 and July 21. This decision comes in the wake of a $230 million cyberattack that disrupted platform operations on July 18, leading to the suspension of withdrawals. The platform stated that this move
