In a significant and welcome development for the cryptocurrency community, the Nigerian government has officially dismissed all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been in custody since February 2024. This announcement, made by the Nigerian Economic and Financial Crimes Commission (EFCC) on October 23, marks an important moment not only
Exchanges
In the continually evolving landscape of cryptocurrency regulation, Coinbase has taken a significant step to seek clarity and transparency from federal agencies. On October 18, 2023, the popular cryptocurrency exchange submitted two Freedom of Information Act (FOIA) requests aimed at the Federal Deposit Insurance Corporation (FDIC). These requests signal a persistent effort to unravel the
Nishad Singh, a former executive of the infamous cryptocurrency exchange FTX, is making headlines once again as he approaches his sentencing phase. Through a memorandum submitted to a federal judge, Singh’s legal team is seeking leniency in light of his cooperation with investigators and the limited scale of his involvement in the company’s notorious collapse.
The legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has garnered significant attention within the cryptocurrency community and beyond. This case not only tests the boundaries of current securities law as it applies to digital assets but also shapes the environment in which cryptocurrencies operate in the United States. As
In a bold stride into the burgeoning sector of wrapped Bitcoin products, Kraken has unveiled its latest initiative, dubbed kBTC. Announced on October 17, this ERC-20 token is designed to bridge the gap between Bitcoin’s traditional value and the dynamic world of decentralized finance (DeFi). The move signals not just a product launch but a
In a recent development that has the potential to reshape Ethereum staking dynamics, cryptocurrency exchange Kraken has announced its integration with EigenLayer. This collaboration aims to democratize the process of restaking Ethereum (ETH) by simplifying it for a vast audience of users. The announcement, made via an October 15 press release, highlights Kraken’s commitment to
The recent developments surrounding Tigran Gambaryan, a high-ranking executive at Binance, have sent shockwaves through the cryptocurrency community. His ongoing legal troubles reflect both the complexities of international finance and the unpredictable nature of judicial proceedings in different jurisdictions. On October 11, a Nigerian High Court decision to deny Gambaryan bail has raised significant eyebrows,
In a rapidly evolving financial landscape, Arkham Intelligence is poised to make a significant splash with the anticipated launch of its crypto derivatives exchange next month. Recent reports from Bloomberg News have highlighted this initiative, indicating that the exchange has the potential to fundamentally alter the dynamics of crypto trading. Following the announcement, Arkham’s native
In recent developments, South Korea’s Financial Services Commission (FSC) has decided to delve into the operations of Upbit, the country’s foremost cryptocurrency exchange. The scrutiny stemmed from apprehensions regarding the platform’s overwhelming influence within the virtual asset marketplace. FSC Chairman Kim Byung-hwan has underscored the potential risks associated with a significant reliance on Upbit, particularly
The cryptocurrency landscape is fraught with volatility and uncertainty, and events like the 2016 Bitfinex hack serve as stark reminders of the inherent risks involved. Recent news suggesting that Bitfinex is the only entity entitled to restitution following the infamous hack has ignited discussions within the crypto community. This article seeks to unpack the legal
