The downfall of FTX, once a thriving cryptocurrency exchange, sent shockwaves across the financial world, leading to the conviction of its founder, Sam Bankman-Fried. The billionaire’s spectacular rise and subsequent scandal encapsulated the volatility and risks inherent in the cryptocurrency landscape. FTX’s collapse not only exacerbated the cryptocurrency market’s instability but also left countless investors
Exchanges
WazirX, one of India’s leading cryptocurrency exchanges, finds itself in precarious waters following a recent directive from the Delhi High Court that calls for a renewed investigation into its operations. This situation escalated on December 18, the very day Binance, a major player in the crypto world, announced its decision to delist WazirX’s native token,
The Australian Securities and Investment Commission (ASIC) has taken significant action by initiating legal proceedings against Oztures Trading Ltd, the company behind Binance Australia Derivatives. The regulator’s core accusation centers on the misclassification of over 500 retail investors as wholesale clients, thereby undermining essential consumer protections. This misclassification, claimed ASIC, obviated the mandatory safeguards present
In the fast-paced and often tumultuous world of cryptocurrency, disputes often arise as market dynamics shift and regulatory scrutiny increases. A recent case has come to the forefront involving Coinbase, one of the largest cryptocurrency exchanges, and BiT Global, a company closely linked to wrapped Bitcoin (WBTC). The issue centers around Coinbase’s staunch refusal to
In a recent transparency report issued by Coinbase, a prominent cryptocurrency exchange, the company revealed a total of 10,707 requests from law enforcement and governmental entities across the globe within the last year. This figure represents an 18% decrease from the number recorded in the preceding year, suggesting a subtle shift in the dynamics between
The Central Reserve Bank of El Salvador has made waves in the cryptocurrency landscape by granting Bitget a Bitcoin Service Provider (BSP) license, a significant development reported on December 16. This license allows Bitget to offer a suite of Bitcoin-related services, including seamless conversion of Bitcoin to fiat, processing Bitcoin payments, and ensuring secure custody
In a significant legal move that has captured the attention of the cryptocurrency community, BiT Global has initiated a lawsuit against Coinbase, one of the foremost cryptocurrency exchanges in the United States. As detailed in a court filing dated December 13, BiT Global has raised serious allegations against Coinbase regarding its recent decision to remove
In a remarkable testament to the bullish sentiment surrounding GateToken, the native cryptocurrency of the Gate.io exchange, the digital asset reached an unprecedented high of $13.79 recently, showcasing the market’s resilience despite swirling rumors of a potential security breach. Following this peak, the token slightly retreated to $13.29, but this subtle decline does little to
In 2024, Binance has firmly established itself as the preeminent cryptocurrency exchange, boasting an impressive $21.6 billion in customer deposits. This staggering figure not only illustrates the platform’s robust presence but also highlights a monumental lead over its competitors. According to a report dated December 12, Binance surpassed the cumulative deposits of the next ten
On December 11, the Coincheck Group, known for its prominent crypto exchange in Japan, made headlines by officially launching its trading on the Nasdaq stock exchange. This noteworthy milestone comes on the heels of a merger with Thunder Bridge Capital, culminating in a deal finalized earlier this month. Notably, Thunder Bridge shareholders had greenlit the
