Cryptocurrency exchange WazirX recently announced a comprehensive restructuring plan after experiencing a major security breach on July 18. However, the exchange has now raised concerns about external parties attempting to prolong the restructuring process for their own benefit. According to WazirX, these external parties are focused on creating and maintaining “uncertainty” rather than seeking a
Exchanges
A US federal judge has recently denied the crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken had requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused the
Coinbase, the popular cryptocurrency exchange, has made an announcement that is set to have a significant impact on the Ethereum layer-2 network Polygon. The exchange revealed its plans to support the planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move signifies Coinbase’s commitment to staying at the forefront of
Binance, the leading cryptocurrency exchange, recently announced that it successfully prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. This impressive figure demonstrates the effectiveness of Binance’s internal risk engine, which operates around the clock using a combination of AI-based algorithms and manual reviews for
Following a devastating $235 million hack, Indian crypto exchange WazirX has taken steps to improve the security of its remaining assets. One of the key changes involves ending its asset custody arrangement with Liminal. In an official statement released on Aug. 14, WazirX announced that it was in the process of moving its assets from
Brazilian regulators recently reached a settlement with the cryptocurrency exchange Binance, requiring the company to pay $1.76 million to resolve allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, brings an end to a year-long investigation into Binance’s operations in Brazil. The regulatory crackdown
Australia’s Securities and Investments Commission (ASIC) recently made headlines by filing a lawsuit against the Australia Securities Exchange (ASX) Ltd. The lawsuit alleges that ASX made misleading statements regarding its blockchain trade settlement project, which ultimately led to its cancellation. ASIC claims that ASX falsely stated that the project was “on track” for an April
In a recent court filing, a US appeals court made the decision to partially overturn the dismissal of a class-action lawsuit against Binance.US, the US arm of the global Binance exchange. The plaintiff, Ryan Cox, was found to have valid claims against both Binance.US and CoinMarketCap for allegedly manipulating the price of the Hex token.
Recently, Coinbase has taken a strong stance against the US Securities and Exchange Commission’s (SEC) proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). This proposal has sparked significant controversy within the industry, with Coinbase and other players expressing concerns about the potential negative impacts on innovation and compliance burdens that could
Recently, Binance, the largest cryptocurrency exchange globally, confirmed that the Venezuelan government has imposed restrictions on access to its website. This action comes in the wake of turmoil following controversial presidential election results in the country. Reports indicate that various websites, including those of different companies and social networks, are experiencing similar access restrictions in
