In a significant shift towards enhancing user experience and expanding its service offerings, Crypto.com has recently unveiled stock and exchange-traded fund (ETF) trading capabilities exclusively for its United States customers. On January 3, the company announced that users can now seamlessly manage not just cryptocurrencies but also traditional stocks and ETFs through its mobile application.
Exchanges
In a recent development that has captured the attention of the cryptocurrency community, Paul Grewal, the Chief Legal Officer of Coinbase, brought to light some distressing documents related to the Federal Deposit Insurance Corporation (FDIC). These documents suggest that the FDIC has been advising banks to suspend or abstain from engaging with cryptocurrency services, extending
On December 16, FTX and its associated debtors revealed that their reorganization strategy will officially launch on January 3, 2025. This announcement marks a significant step toward recovery for the beleaguered cryptocurrency exchange, which imploded in November 2022 due to severe financial mismanagement. With a recovery plan valued at $16.5 billion—subject to adjustments that may
In an ongoing saga within the cryptocurrency landscape, Celsius Network made headlines on December 31, when it filed a notice of appeal concerning Judge John Dorsey’s recent ruling. This particular judicial decision anticipated the gigantic $2 billion disparagement claim by Celsius against the insolvent FTX exchange. The appeal’s emergence underscores the intricate and often turbulent
In a notable advancement for the cryptocurrency ecosystem, Binance has recently acquired regulatory approval from Brazil’s Central Bank to purchase Sim;paul, a licensed broker-dealer. This significant development positions Binance as the first crypto exchange in Brazil to obtain such a license, marking a pivotal step in its operational strategy not only locally but across Latin
The rise of cryptocurrencies has been met with both enthusiasm and skepticism worldwide. Recently, Malaysia’s Securities Commission (SC) has escalated its regulatory scrutiny by ordering the cessation of operations for the crypto exchange Bybit, along with its CEO Ben Zhou. This decisive action underlines the urgency of enforcing legal compliance in the rapidly evolving landscape
In a strategic announcement made on December 27, Bitget Wallet unveiled its pioneering initiative that aims to reshape the landscape of multi-chain gas payments. Set to launch in January 2025, the innovative GetGas feature will prioritize the use of the native BGB token, significantly enhancing transaction efficiency for its vast user base. Bitget Wallet is
The recent decision by U.S. authorities to reject Sam Bankman-Fried’s appeal marks a significant moment in the ongoing saga surrounding the infamous FTX collapse. Bankman-Fried, who was once heralded as a prodigy in the cryptocurrency world, founded FTX, a crypto exchange that famously spiraled into bankruptcy. His appeal aimed to nullify both his conviction and
WazirX, one of India’s largest cryptocurrency exchanges, is currently at a crossroads, facing intensified scrutiny following recent judicial actions. On December 18, 2023, the Delhi High Court ordered a new investigation into the platform, coinciding with Binance’s announcement that it would delist WazirX’s native token, WRX. Central to these developments is a petition filed by
As the cryptocurrency market continues to evolve, so does the regulatory landscape governing it. The Australian Securities and Investments Commission (ASIC) has recently escalated its commitment to enforcing compliance among crypto exchanges by taking legal action against Oztures Trading Ltd, the operator of Binance Australia Derivatives. This move underscores the critical importance of consumer protection
