Recent developments suggest that the CME Group may be on the verge of launching futures contracts for cryptocurrencies Solana (SOL) and XRP. This speculation erupted from social media activity on January 22, when a user named Summers shared what appeared to be a screenshot of a testing page associated with the CME. Although these claims
Exchanges
In a notable legal battle, Coinbase has initiated a motion to dismiss a lawsuit brought forth by BiT Global contesting the delisting of Wrapped Bitcoin (wBTC) from its trading platform. This contentious matter has arisen against the backdrop of growing concerns within the cryptocurrency community regarding asset volatility and the implications of association with controversial
In recent years, the financial landscape has witnessed a significant shift towards digital currencies, particularly in the realm of remittances. Companies like Binance, renowned for being the largest cryptocurrency exchange by trading volume, are at the forefront of this transformation. A recently released statement indicated that Binance users successfully transferred a staggering $26 billion in
On January 16, Coinbase, one of the leading cryptocurrency exchanges, forged a new partnership with the money market platform Morpho. This collaboration marks a significant step in the evolution of decentralized finance (DeFi) by enabling users to leverage their Bitcoin holdings to obtain loans in USD Coin (USDC). With the advent of such innovative services,
In a landmark ruling, the U.S. government has mandated that approximately 94,000 Bitcoin (BTC) confiscated during the investigation into the infamous 2016 Bitfinex hack be returned to the exchange. This decision is part of an in-kind restitution process, which indicates a significant legal interpretation regarding victims in the context of cryptocurrency crimes. The crux of
On January 15, 2024, the U.S. Department of Justice (DOJ) revealed that BitMEX and its parent organization, HDR Global Trading Limited, were penalized with a hefty $100 million fine due to violations of the Bank Secrecy Act (BSA). This outcome followed the companies’ admission of guilt concerning these violations in July 2024, marking the end
HashKey Group, a prominent player in the digital asset sector in Asia, has recently taken a significant step in its strategic growth by receiving in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This announcement made on January 13, marks a crucial milestone in HashKey’s endeavor
Polymarket, a decentralized prediction platform, has recently found itself at the center of a regulatory and ethical storm. This scrutiny has intensified due to its decision to allow market bets on catastrophic events like the California wildfires. While the platform positions itself as a provider of real-time societal insights, the public has largely reacted negatively.
The cryptocurrency landscape has been tumultuous, with numerous platforms facing financial troubles. Among these is FTX, the once-mighty exchange that has since entered bankruptcy. Recently, a significant dispute has surfaced regarding the sale of its European subsidiary, FTX EU, to a platform named Backpack, which is linked to former FTX employees. On January 8, FTX
In 2024, Kazakhstan has escalated its campaign against illegal cryptocurrency exchanges, reflecting increasing apprehensions about their connection to criminal activities. The Financial Monitoring Agency (AFM) disclosed in a recent press release that they successfully shut down 36 unlicensed platforms that collectively handled transactions exceeding $100 million. Moreover, the agency has blocked access to over 3,500
