Category: Exchanges
The Flaws in the SEC’s Case Against Debt Box: Coinbase Lifts Freeze on Assets
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold move by lifting the freeze on Debt Box’s assets. This decision comes after Coinbase discovered discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against Debt Box. In a post on social media platform X (formerly known as Twitter), Paul Grewal,…
South Korean Financial Watchdog KoFIU Intensifies Scrutiny on Crypto Exchanges
The Korea Financial Intelligence Unit (KoFIU) recently unveiled a comprehensive plan to strengthen its supervision of the cryptocurrency industry. This move comes as part of South Korea’s ongoing efforts to bolster financial oversight and protect consumers within the rapidly evolving digital asset space. By implementing stricter operational standards and expelling non-compliant exchanges, the KoFIU aims…
The Risks of Crypto Scams: Hong Kong Issues Warning Against MEXC Global
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have joined forces to issue a public warning regarding an entity posing as a legitimate crypto exchange called MEXC Global. This fraudulent organization is disguising itself as a virtual asset trading platform and enticing unsuspecting victims into participating in a crypto investment scam. As…
Exploring the Surge in Custodial Accounts Amid Crypto Market Hype
The excitement surrounding the spot Bitcoin exchange-traded fund (ETF) has led to a significant increase in total assets under custodial accounts. According to a recent report by Bitget, these accounts have experienced a staggering 250% growth over the past four months. This surge can be attributed to several factors, including the overall performance of the…
Delisting of Monero and Multichain Causes Sharp Drop in Value
The largest cryptocurrency exchange by trading volume, Binance, has recently announced that it will be delisting Monero (XMR) and Multichain’s token (MULTI) by February 20th. In addition to these two digital assets, Binance has also decided to remove other tokens such as Aragon (ANT) and VAI (VAI) from several of its products, citing the failure…
Solana-Based Jupiter Airdrop Drives Decentralized Exchange Trading Activity
The Solana-based Jupiter airdrop has generated substantial excitement and fueled decentralized exchange (DEX) trading activity on the layer1 blockchain network. In the last 24 hours, Solana-based DEXs facilitated trades totaling $1.14 billion, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period. This achievement highlights the remarkable growth and widespread adoption witnessed…
FTX Bankruptcy: Liquidation Instead of Resurrection
In a surprising turn of events, FTX, a once-prominent cryptocurrency exchange, has officially announced that it will not be revived. Instead, the company has decided to liquidate its assets in order to fully compensate the thousands of customers affected by its collapse. This decision, which was revealed during the most recent bankruptcy hearing on January…
The Evolution of Binance: Addressing Counterparty Risk and Expanding Market Share
The cryptocurrency exchange giant, Binance, has made waves in the industry once again with its latest development: a “banking triparty” arrangement that allows institutional investors to secure their trading collateral through a third-party banking partner. This solution, which has been in development for the past two years, aims to address the primary concern of counterparty…
The Performance of Crypto Assets in the Coinbase and Binance Lawsuits
The cryptocurrency industry has been closely monitoring the lawsuits filed against Coinbase and Binance by the Securities and Exchange Commission (SEC). These lawsuits center around the classification of the tokens offered by these exchanges as securities and whether they should fall under SEC regulation. The outcome of these cases could potentially reshape the regulatory landscape…
Coinbase Plans to Diversify Execution Clients Amidst Concerns over Geth Dominance
Coinbase, one of the leading cryptocurrency exchanges, has recently expressed its concerns regarding the dominance of go-Ethereum (Geth), an Ethereum execution client. In a statement released on the social media platform X (formerly Twitter) on January 23rd, Coinbase Cloud announced its plans to identify alternative qualified execution clients for its platform. The exchange aims to…
The Expansion of Gemini: A New Era for French Crypto Investors
In an exciting development for the cryptocurrency market, Gemini, a leading U.S.-based crypto exchange, has been registered as a Digital Asset Service Provider (DASP) in France by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. This regulatory milestone allows Gemini to serve both retail and institutional customers in France, opening up new…
The Surge in Trading Activity on Coinbase Prime After the Launch of U.S. Spot Bitcoin ETFs
Coinbase Prime, the leading institutional crypto platform for investors, trusts, and high-net-worth individuals, has experienced a significant increase in trading activity since the introduction of U.S. spot Bitcoin ETFs. Recent analysis conducted by CryptoSlate has revealed a surge in inflows and outflows from a hot wallet at Coinbase Prime, marking a notable shift in the…
The Impact of India’s Block on Global Crypto Exchanges
India’s recent move to block access to global crypto exchanges, including Binance, KuCoin, and OKX, has sent shockwaves throughout the cryptocurrency community. This article will delve into the implications of India’s decision, the potential reasons behind it, and its impact on both Indian and foreign cryptocurrency exchanges. On January 12th, India implemented an IP block…
The Approval of a Bitcoin ETF: A Game-Changer for the Crypto Futures Market
Gemini, a well-known cryptocurrency exchange, believes that the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States will have a significant impact on the crypto futures market. They view this development as a game-changer that will bring more liquidity and diverse market participation to the ecosystem, potentially reshaping the dynamics of perpetual…
