In a recent development, a federal judge in California expressed his inclination towards allowing the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken to proceed. This decision casts doubt on the exchange’s hopes of having the case dismissed. The judge, William Orrick, mentioned that he was leaning towards denying Kraken’s request to dismiss the
Exchanges
Binance, the leading cryptocurrency exchange globally, is currently navigating through various regulatory hurdles in different countries, such as India, Canada, and the United States. In India, the Financial Intelligence Unit (FIU) imposed a hefty fine of 188.2 million Indian Rupees on Binance for failing to comply with Anti-Money Laundering (AML) regulations. The FIU found that
When it comes to traveling with cryptocurrency, one of the key considerations is ensuring the security of your digital wallet. It is essential to implement time-tested strategies to protect your crypto assets from potential threats and cyber attacks. Accessing your crypto accounts while on the move requires a high level of caution, especially when it
Recently, blockchain security firm CertiK made headlines by revealing a critical vulnerability in the deposit system of the popular crypto exchange Kraken. CertiK claimed that Kraken had threatened its employees and demanded repayment for a “mismatched” amount in an unreasonable timeframe without providing a relevant wallet address. The security firm denied any extortion allegations and
In a recent development, a federal high court in Nigeria dismissed a human rights lawsuit brought forward by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. This decision came on June 19, as Justice Inyang Ekwo ruled the case out due to Anjarwalla’s lack of legal
Brazil’s Special Department of Federal Revenue has recently announced plans to collect information from foreign crypto exchanges to ensure compliance with local regulations. The tax department’s initiative aims to investigate how these exchanges operate within the country and whether they are following the regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves emphasized the
The fallout from the collapse of FTX has brought forth a new legal battle regarding millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. The assets in question include airplanes, funds in various banks, shares of Robinhood stock, and political contributions associated with FTX executives.
The recent announcement by the New York Attorney General’s (NYAG) office regarding the completion of its settlement with Gemini has raised many eyebrows in the crypto community. With the recovery of $50 million for users of the defunct Gemini Earn program, there are important lessons to be learned from this incident. Impact on Users The
The copy trading industry is evolving rapidly, with brokers now seeking sophisticated solutions to cater to their traders’ needs. In response to this demand, B2Broker has introduced a new generation of B2Copy, its proprietary investment platform. This platform combines copy trading, PAMM, and MAM functionalities, allowing businesses to streamline their investment operations effectively. One of
The latest version of B2BinPay has brought a significant enhancement in the form of TRX staking. Leveraging the advanced Stake 2.0 mechanism from the TRON community, this new feature offers increased flexibility, simplified user interactions, and enhanced efficiency in resource delegation and utilization. By staking TRX, B2BinPay clients can earn a passive annual yield of
