The US Securities and Exchange Commission (SEC) has taken a strong stance against Coinbase’s request for additional discovery in their legal battle. The SEC argues that Coinbase’s demands for documents are not only irrelevant but also excessively burdensome. The regulator contends that the documents sought by Coinbase do not pertain to the core issues of
Exchanges
Recently, Binance CEO Richard Teng announced that the exchange experienced record inflows and some of the highest trading volumes of the year. This surge in activity was prompted by investor panic in the volatile market on August 5th. Strong Investor Confidence Despite the macroeconomic climate and market downturn, Binance saw a net inflow of $1.2
The recent allegations against crypto exchange Coinbase regarding a $25 million donation to Fairshake, a crypto Super PAC, have raised concerns about potential violations of campaign finance laws. The timing of the donation, coinciding with negotiations for a federal government contract with the US Marshals Service, has sparked controversy. The researcher, Molly White, suggests that
In a surprising turn of events, the Solana network has outpaced Ethereum in monthly decentralized exchange (DEX) volume for the month of July. According to DefiLlama data, Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This significant milestone marks Solana’s second-highest monthly volume, following a peak in
Bybit, a popular crypto exchange, recently announced its decision to end operations in France due to regulatory issues. The company cited new developments from the French regulator as the reason behind this move, suggesting that licensing problems were at the core of the issue. Bybit expressed its intention to return to the French market once
Coinbase has recently reported total revenue of $1.449 billion for the second quarter, surpassing the market consensus estimate of $1.396 billion. This significant increase in revenue highlights the company’s ability to capitalize on the growing interest in cryptocurrency trading. It is worth noting that this figure is more than double the total income reported for
The crypto market is witnessing a significant shift in trading patterns, with decentralized exchanges (DEXs) now surpassing centralized exchanges (CEXs) in trading volume. This is a notable achievement considering the historical dominance of CEXs in the market. The rise of DEXs signals a growing trend towards decentralization and community-led platforms. One of the key factors
Zoomex, an innovative crypto exchange platform, has been making waves in the industry due to its commitment to user privacy and anonymity. Unlike many other exchanges that require extensive Know Your Customer (KYC) verification processes, Zoomex stands out by not mandating KYC. This approach ensures that users can trade confidently, knowing that their personal data
Recently, cryptocurrency exchange platform WazirX reported a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack raised concerns within the crypto community and prompted a thorough investigation by the exchange. According to a blog post on July 25, WazirX conducted a preliminary investigation and found no evidence of compromise on the machines of its
Bitstamp, a prominent crypto exchange, has announced that it has initiated the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development signifies a significant milestone in the decade-long efforts to reimburse those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. Collaboration with Trustee
