The collapse of FTX, once viewed as a leading cryptocurrency exchange, led to seismic shifts in the financial landscape. Founded by Sam Bankman-Fried, the exchange’s downfall raised global eyebrows over the integrity and management of crypto platforms. Amidst allegations of fraud and financial mismanagement, Bankman-Fried’s conviction became a focal point in discussions about accountability in
Exchanges
The Australian Securities and Investments Commission (ASIC) has initiated a landmark lawsuit against Oztures Trading Ltd, which operates Binance Australia Derivatives, accusing the firm of inadequate consumer protection practices. The lawsuit centers on the misclassification of over 500 retail investors as wholesale clients, thereby depriving them of essential consumer safeguards that are typically provided under
The Indian cryptocurrency exchange WazirX is currently under intense scrutiny following a recent directive from the Delhi High Court. This situation is compounded by Binance’s decision to delist WazirX’s native token, WRX, marking a significant turning point for the exchange that was once a major player in the crypto market. The mounting challenges facing WazirX
In its latest transparency report, Coinbase, one of the world’s leading cryptocurrency exchanges, revealed a notable decrease in law enforcement requests during the last year. The figure dropped to 10,707, reflecting an 18% decline compared to the previous year. This trend raises questions about the evolving relationship between cryptocurrency platforms and governmental oversight, particularly against
The ongoing legal entanglement between Coinbase, a leading cryptocurrency exchange, and BiT Global represents a pivotal moment in the evolving landscape of digital assets. At the heart of this dispute lies the controversial decision by Coinbase to delist wrapped Bitcoin (WBTC), a significant move that has drawn sharp criticism and litigation from BiT Global. This
In a significant step towards legitimizing cryptocurrency operations, El Salvador’s Central Reserve Bank has awarded Bitget a Bitcoin Service Provider (BSP) license. This announcement, publicized on December 16, indicates that Bitget is now authorized to engage in various Bitcoin-related services within the country, a move that reflects El Salvador’s progressive stance on crypto adoption. The
In a significant move that underlines the ongoing competitive tensions in the cryptocurrency market, BiT Global has initiated legal proceedings against Coinbase, the preeminent crypto trading platform in the United States. A court filing dated December 13 reveals that BiT Global, known to be associated with prominent crypto figure Justin Sun, accuses Coinbase of unfairly
GateToken, the cryptocurrency linked to the Gate.io exchange, has recently experienced a remarkable rally, peaking at an impressive $13.79 before settling slightly lower at $13.29. This surge has unfolded against a backdrop of swirling rumors regarding a purported security breach attributed to the exchange. Notably, this spike demonstrates the token’s volatility and the complex relationships
In a remarkable display of dominance, Binance has solidified its status as the world’s preeminent cryptocurrency exchange, reporting staggering customer deposits that reached an impressive $21.6 billion in 2024. This landmark figure not only showcases Binance’s supremacy but also highlights the considerable gap between it and its nearest competitors. According to a recent report by
Coincheck Group, the leading crypto exchange platform from Japan, is set to make waves in the financial world after successfully launching its trading on the Nasdaq stock exchange on December 11. This significant milestone follows the recent merger with Thunder Bridge Capital, a transaction that consolidates their resources and adheres to the growing trends in
In a significant move that signals the ongoing evolution of the cryptocurrency market, Binance, the world’s leading cryptocurrency exchange by trading volume, has established a strategic alliance with Circle. This partnership seeks to effectively integrate USD Coin (USDC) throughout Binance’s extensive suite of services. Announced on December 11, this collaboration not only enhances the accessibility
Coinbase, one of the leading cryptocurrency exchanges, has initiated Project Diamond with the specific goal of facilitating institutional adoption of digital assets. According to a statement released on December 10, this initiative emphasizes providing tailored services to institutional clients outside the United States. By establishing a sophisticated infrastructure that encompasses Coinbase Prime custody, the Prime
In a significant development for the cryptocurrency exchange sector, Singapore-based Crypto.com has teamed up with Deutsche Bank, signaling a strategic shift to bolster its corporate banking operations. This partnership, revealed on December 10, illustrates Crypto.com’s ambition to streamline its financial services across key regions including Singapore, Australia, and Hong Kong. By harnessing Deutsche Bank’s established
In the wake of the US presidential election, Coinbase has recently found itself in the spotlight due to a surge in account restrictions attributed to increased fraudulent activity. On December 8th, the cryptocurrency exchange took to social media to counter accusations of widespread account limitations, labeling such claims as “misinformation” and “fear, uncertainty, and doubt”