Coinbase’s Chief Legal Officer, Paul Grewal, raised issues with the US Commodities Futures Trading Commission’s (CFTC) proposed regulations on prediction markets. He criticized the broad and vague definition of “gaming” in the proposal and argued that the Commission was overstepping its authority by not evaluating contracts individually. According to Coinbase, the CFTC failed to recognize
Exchanges
The cryptocurrency exchange BTSE recently announced the launch of BTSE Dex 2.0, a new decentralized exchange that is set to shake up the crypto market. This upgrade introduces cross-compatibility for Ethereum Virtual Machine-based chains, opening up trading opportunities for over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum. One of the key
After experiencing a $230 million cyberattack that disrupted platform operations on July 18, WazirX has taken the decision to restore user balances and reverse trades conducted between July 18 and July 21. This move comes in response to the need for equitable treatment for all users affected by the incident. The restoration process will take
The US Securities and Exchange Commission (SEC) has firmly opposed Coinbase’s motion to compel additional discovery in their ongoing legal battle. The dispute centers around Coinbase’s sweeping demands for documents that the SEC argues are irrelevant and overly burdensome. The SEC contends that the exchange’s discovery requests seek vast amounts of information, much of which
The recent market turmoil on August 5th had a significant impact on Binance, one of the largest cryptocurrency exchanges in the world. Binance CEO, Richard Teng, revealed that the exchange saw record inflows and one of its highest trading volumes this year as investors panicked in the jittery market. Teng reported that Binance recorded a
Recent allegations have been made against cryptocurrency exchange Coinbase, suggesting that the company may have breached campaign finance laws. The accusations stem from a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). It has been claimed that this donation took place while the exchange was in negotiations for
The recent announcement by Bybit to end its operations in France due to regulatory issues has raised concerns within the crypto community. Bybit cited new regulatory developments from the French regulator as the reason behind this decision, hinting at potential licensing issues. This move has left many French crypto investors disappointed, as they will no
In a surprising turn of events, the Solana network has surpassed Ethereum in monthly decentralized exchange (DEX) volume in July. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, outpacing Ethereum’s $53.8 billion for the same period. This marks Solana’s second-highest monthly volume, with its peak reaching $60.7 billion in March 2024. The surge
Coinbase recently announced its total revenue for the second quarter, which surpassed market expectations. The company reported a total revenue of $1.449 billion, showcasing significant growth compared to the same period last year. The increase in revenue highlights the exchange’s ability to capitalize on the growing cryptocurrency market. Additionally, Coinbase’s net income for the quarter
The decentralized exchanges (DEXs) have reached a milestone with their trading volume surpassing centralized exchanges (CEXs) for the first time. This shift was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high relative to CEXs. This achievement reflects a growing trend in the crypto market
Zoomex’s commitment to user anonymity sets it apart in the competitive crypto exchange market. Unlike many other exchanges that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. The emphasis on privacy appeals to traders
Recently, WazirX conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet and found no evidence indicating the compromise of WazirX signers’ machines. The attack, which took place earlier this month, has raised significant concerns within the crypto community. Initially, the exchange attributed the hack to an issue with its custody
Bitstamp has announced the commencement of the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development represents a significant milestone in the decade-long effort to reimburse those affected by the infamous 2014 hack that led to Mt. Gox’s collapse. Bitstamp, alongside Kraken and three other exchanges, is working
Following a major exploit, India-based centralized exchange WazirX has been struggling to restore its full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the challenges they are facing and the efforts being made to find a solution. With nearly half of its assets lost in the exploit, WazirX is actively seeking