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
Exchanges
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
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
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
