In a move to promote transparency within the volatile world of cryptocurrency, Indian exchange WazirX has published a comprehensive proof-of-reserves (PoR) report. This announcement, made on October 25, revealed that a staggering 40% of customer assets are held in third-party exchanges, raising questions about asset security and accessibility. According to the report, as of October
Exchanges
In a shocking turn of events, over 33,000 cryptocurrency investors in South Korea are currently grappling with the inability to access their digital assets, which collectively account for approximately $13 million. This predicament has emerged in the wake of the closure of multiple cryptocurrency exchanges, significantly impacting the individual investors who depend on these platforms
In the high-stakes world of cryptocurrency, very few cases have garnered as much attention as that of former FTX executive Nishad Singh. Following the unraveling of FTX, Singh has positioned himself as a crucial figure in assisting federal prosecutors in their investigation. As demonstrated in a recent court filing dated October 23, the global repercussions
The recent decision by the Nigerian government to withdraw all charges against Tigran Gambaryan, a Binance executive, marks a significant turn of events in a case that has drawn international scrutiny and concern. Having been detained since February, Gambaryan’s ordeal highlights the intersecting challenges of cryptocurrency regulation, international law, and the implications of economic powers
The crypto industry has seen unprecedented growth over the past decade, yet it is often stymied by a tangled web of regulatory uncertainty. Coinbase, a leading cryptocurrency exchange, has recently taken significant steps in an attempt to navigate this maze. On October 18, 2023, they filed two new Freedom of Information Act (FOIA) requests directed
The cryptocurrency exchange FTX’s implosion has reverberated throughout the financial world, marking it as one of the most significant financial debacles in recent history. As billions evaporated and countless investors found themselves in a precarious situation, the spotlight has shifted to the figures behind the exchange, particularly its former executives. One prominent figure in this
The ongoing legal tussle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been marked by significant developments, none more crucial than the SEC’s recent filing indicating its intent to appeal parts of Judge Analisa Torres’s ruling. On October 17, the SEC submitted its Civil Appeal Pre-argument statement (commonly referred to as
In a strategic move to diversify its offerings within the burgeoning cryptocurrency landscape, Kraken has launched a new wrapped Bitcoin product known as kBTC. Announced on October 17, this innovation presents itself as a fully-backed, cross-network-compatible ERC-20 token, designed to represent Bitcoin. With each kBTC token underpinned by a 1:1 ratio of actual Bitcoin held
In an encouraging move for Ethereum enthusiasts, Kraken, a leading cryptocurrency exchange, has successfully integrated with EigenLayer, unlocking the ability for its users to restake their Ethereum (ETH) effortlessly. As announced on October 15, this integration aims to democratize the restaking process, making it accessible to a diverse range of cryptocurrency users. However, access is
The ongoing legal turmoil surrounding Tigran Gambaryan, a prominent executive at Binance, underscores the complexities of international law and humanitarian concerns within the justice system in Nigeria. In early October, a court in Abuja turned down Gambaryan’s bail request, primarily due to procedural complications stemming from an ongoing appeal related to a previous denial. This
