The recent decision by the Nigerian government to drop all charges against Tigran Gambaryan, a senior executive at Binance Holdings, marks a significant turning point in an arduous legal saga that lasted nearly eight months. Detained since February 2024, Gambaryan’s case had garnered attention not only from the local media but also from international observers,
Exchanges
In a recent strategic move, Coinbase, a leading cryptocurrency exchange, has made headlines by filing two new Freedom of Information Act (FOIA) requests. This decision, taken on October 18, underscores the ongoing struggle for regulatory clarity within the U.S. crypto market—a sector that has faced significant scrutiny and evolving regulations. By targeting the Federal Deposit
In the shadow of the FTX debacle, Nishad Singh, a former executive of the infamous cryptocurrency exchange, seeks clemency from a United States federal judge during his upcoming sentencing. His legal representatives filed a memorandum on October 16 that underscores Singh’s extensive cooperation with federal authorities as a significant mitigating factor in determining his penalty.
The legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has captured significant attention within the financial and technological communities. Following the most recent developments in this high-stakes litigation, Ripple has asserted that there are no surprises in the SEC’s latest filing, which signals the regulatory body’s intention to further appeal
In a move to enhance its portfolio within the evolving cryptocurrency ecosystem, Kraken has recently unveiled kBTC, a new wrapped Bitcoin product, as announced on October 17. This Ethereum-based ERC-20 token aims to broaden the practical applications of Bitcoin by situating it within decentralized finance (DeFi) and multi-network blockchain environments. Each unit of kBTC is
In a groundbreaking announcement made on October 15, Kraken, one of the leading cryptocurrency exchanges, revealed its integration with EigenLayer. This development allows users to restake their Ethereum (ETH) directly through the Kraken platform. The collaboration is aimed at streamlining the restaking process, making it more accessible to a broader segment of the crypto community.
The detention of Tigran Gambaryan, a prominent executive at Binance, has raised significant questions about legal processes and human rights within Nigeria’s judicial system. On October 11, 2023, the High Court in Abuja denied Gambaryan’s most recent bail request. This decision follows a troubling pattern of bureaucratic complications and the handling of high-profile cases, particularly
In a noteworthy strategic development, Arkham Intelligence is poised to launch its own crypto derivatives exchange next month. According to a report by Bloomberg News dated October 11, this venture is already creating ripples within the cryptocurrency market, evident from a significant 12% increase in the value of its native token, ARKM. This increase comes
The Financial Services Commission (FSC) of South Korea is embarking on a significant investigation into Upbit, the country’s premier cryptocurrency exchange. With the popularity of digital assets exploding, the FSC’s scrutiny highlights an urgent need to examine not only Upbit’s market dominance but also the intricate relationship it maintains with K Bank, South Korea’s foremost
The 2016 hack of Bitfinex, one of the world’s largest cryptocurrency exchanges, remains etched in the annals of crypto history as a cautionary tale about security vulnerabilities. Recent developments in legal proceedings suggest that Bitfinex may be recognized as the primary victim of this cyberattack, which led to the theft of approximately 120,000 BTC. This
On October 7, the cryptocurrency market witnessed a stark incident involving Bitget exchange’s native token, BGB. The value of BGB plummeted dramatically from $1.15 to $0.5344 in a matter of minutes, igniting panic among traders and investors alike. The rapid descent lasted a mere ten minutes, but the ramifications were significant, leading Bitget to promptly
The landscape of cryptocurrency trading is rapidly evolving, particularly in the realm of privacy tokens. A recent report from Kaiko highlights a staggering figure: nearly 60 privacy tokens were delisted by centralized exchanges in 2023, marking a decline unprecedented since 2021. This significant downturn underscores the mounting pressures these tokens face, including intensified regulatory scrutiny
In a groundbreaking move for the cryptocurrency industry, Bybit, a prominent crypto exchange, has announced the launch of an Islamic crypto account specifically designed for Muslim traders. This initiative was publicly disclosed by Bybit’s CEO, Ben Zhou, via a post on X (formerly Twitter) on September 24. The introduction of this account marks a notable
In a striking revelation, Binance, the prominent cryptocurrency exchange, has celebrated a historic achievement by processing an astounding $100 trillion in crypto trades since its inception in 2017. CEO Richard Teng announced this significant milestone on September 24 via a post on the social media platform X, underscoring the monumental scale of trading activity that
