Exchanges

The recent conviction of FTX founder Sam Bankman-Fried has sent shockwaves through the financial world, with federal prosecutors requesting a staggering prison sentence of 40 to 50 years. The US Attorney’s Office for the Southern District of New York has detailed SBF’s wide-ranging fraudulent activities, painting a picture of a man driven by greed and

Crypto.com, a leading cryptocurrency trading platform, has recently been hit with a hefty fine of €2.85 million ($3.1 million) by the Netherlands Central Bank for operating within the country without proper registration for a significant period of time. The Dutch regulations mandate that crypto firms must register with the De Nederlandsche Bank (DNB) under the

Binance, a leading cryptocurrency exchange, recently made a statement indicating that Nigeria is not one of its top markets. This revelation comes amidst a dispute with local authorities in the African country. Despite admitting that Nigeria has “extraordinary potential,” Binance has clarified that it is not a key market for the exchange. This is surprising

Coinbase’s recent announcement of a $1 billion bond offering signifies the company’s strategic move to raise funds for its growth and expansion plans. The bonds, which are designated as unsecured convertible senior notes, are scheduled to mature in 2030, providing investors with the flexibility to convert their holdings into Coinbase shares or cash at that

The Nigerian government recently obtained a court warrant to detain Binance officials for at least twelve days after they insisted on being taken to their respective countries’ embassies. This move came after the government accused Binance of exacerbating the country’s foreign exchange challenges by manipulating rates for profit. As a result, access to Binance’s official

Coinbase has recently taken a strong stance against the Securities and Exchange Commission (SEC) for denying its rulemaking petition, deeming the decision as “arbitrary and capricious.” The crypto exchange expressed its dissatisfaction with the SEC’s action in a petition filed before the US Court of Appeals for the Third Circuit. By challenging this decision, Coinbase

Coinbase, a prominent US-based cryptocurrency exchange, has experienced a significant increase in its market share following the launch of various spot Bitcoin exchange-traded funds (ETFs) in January. This surge prompted analysts at Goldman Sachs to revise their rating on Coinbase shares, moving from a selling recommendation to a neutral stance. The bank analysts have also

Bitcoin experienced a significant milestone on Mar. 5 when it reached its all-time high of $69,000, previously set in November 2021. However, this achievement was short-lived, as the cryptocurrency quickly underwent a 14% correction, plummeting to $59,300. The following day, on Mar. 6, Bitcoin managed to regain some lost ground, but struggled to stabilize at

In a surprising move, cryptocurrency exchange Binance has announced the discontinuation of all services associated with the Nigerian local fiat currency, Naira (NGN). This decision, which comes amidst allegations from the Nigerian government, has left many Nigerian users in limbo. Binance’s decision to discontinue NGN-related services, including deposits, withdrawals, conversions, spot trading, P2P, Auto-invest, and

Cryptocurrency exchange platform Coinbase once again found itself at the center of a problem that left some users facing an empty balance in their accounts on March 4th. The issue, which occurred at 5:36 pm UTC, led the company to alert users about a potential disruption in their account balances and page loading times. While

The recent settlement between Binance and the U.S. Department of Justice has stirred up a hornet’s nest in Nigeria. The House of Representatives Committee on Financial Crimes has issued an ultimatum to Binance CEO Richard Teng, demanding his appearance before the committee by March 4th. This ultimatum comes on the heels of allegations of financial

The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance. According to local media outlets, Bayo Onanuga, the special adviser to the Nigerian president, accused the exchange of profiting from facilitating illegal transactions in the African country, leading to significant losses for the nation. Onanuga sees the proposed fine as

The Chamber of Digital Commerce recently filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC. In their court filings, the Chamber explained that the purpose of the amicus brief is to put an end to the SEC’s attempted regulation of the digital asset industry through enforcement without legislative

The latest development in the world of cryptocurrency sees the Justin Sun-related crypto exchange HTX, previously known as Huobi, resubmitting its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. This move comes after the exchange had initially withdrawn its application, filed through its Hong Kong subsidiary Huobi HK, on February 23.