In a rapidly evolving digital landscape, where cryptocurrencies have become increasingly popular, the need for robust security measures and regulatory compliance has never been more critical. BloFin Exchange, a leading cryptocurrency trading platform, has taken a significant step towards enhancing security and compliance with its recent integration with the Chainalysis blockchain data platform. By partnering
Exchanges
In a bold and strategic move, Robinhood has recently announced its plans to acquire the global cryptocurrency exchange Bitstamp for a hefty sum of approximately $200 million in cash. This acquisition is aimed at expanding Robinhood’s global footprint, particularly in regions such as Luxembourg, the UK, Slovenia, Singapore, and the US. With Bitstamp holding over
Bybit, a leading cryptocurrency exchange, has recently taken a surprising step by removing China from the list of restricted countries. While countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong continue to be restricted from using Bybit’s services, China has been notably excluded from this list. This move has sparked speculation
Recently, Binance made an announcement that they will be limiting the availability of “unregulated stablecoins” in the European Union by June 30. This decision comes as a response to the upcoming Markets in Crypto-Assets Regulation (MiCA), which is set to be fully operational by the end of 2024. The move by Binance is expected to
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, contesting the SEC’s refusal of its rulemaking petition. The crux of the issue lies in a singular sentence in the SEC’s order that “disagreed” with Coinbase’s claim that current SEC regulations are impractical for digital asset companies. Coinbase asserts
Gemini, a prominent crypto exchange, announced that users of its Earn product have received a significant portion of their digital assets, totaling $2.18 billion. This recovery amounts to 97% of the total digital assets owed to Earn users, showcasing a remarkable turnaround since the collapse of crypto lender Genesis, which ceased withdrawals in November 2022.
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. The trustee clarified in a statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors with fiat
In a recent motion for an interlocutory appeal filed with the US District Court for the Southern District of New York, Coinbase accused the SEC of attempting to evade the Howey test by not addressing whether digital asset transactions without post-sale obligations can be considered investment contracts. This legal maneuver could have far-reaching implications for
Recently, rumors about Bybit’s alleged insolvency have been circulating on social media. These rumors suggest that a bug in a proof-of-reserves graph from Arkham Intelligence may have sparked the speculation. However, CEO Ben Zhou has firmly denied these claims, stating that they are baseless and lack any real facts to support them. To reinforce his
In a significant turn of events, the First District Court of Appeals in Florida has overturned an Emergency Suspension Order (ESO) that was issued by the Office of Financial Regulation against Binance.US. The ruling, which was made on May 22, came after the cryptocurrency exchange challenged the suspension order, arguing that it contained procedural errors
Recently, France’s Autorité des Marchés Financiers (AMF) issued a warning to French crypto investors regarding Bybit, stating that the platform is not registered in the country. The financial regulator urged retail investors to exercise caution when considering investment proposals from Bybit, emphasizing that the platform is not authorized to provide its services in France. Bybit,
Following a system-wide outage that lasted for over three hours, Coinbase claimed to have resumed operations. However, many customers took to social media to express their frustrations, stating that they were still unable to withdraw their funds. One user, Nigel Dias, shared his experience of encountering a message stating, “Sending to this recipient is temporarily
The recent exclusive report by The Wall Street Journal shed light on a disturbing incident at Binance, the largest crypto exchange globally. The report claimed that the head of Binance’s market surveillance team was terminated after raising concerns about potential market manipulation by a prominent client. The client in question, DWF Labs, allegedly engaged in
Japanese exchange Coincheck is making waves in the cryptocurrency world with its plans to join Coinbase as one of the two publicly listed exchanges in the United States. The company is set to complete its listing on the Nasdaq via a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by
