The recent video of Tigran Gambaryan, the American executive of Binance who has been detained by the Nigerian government since February, struggling to walk into a courtroom has sparked outrage. Binance CEO Richard Teng has strongly condemned the harsh treatment of Gambaryan, emphasizing that he deserves to be allowed to go home for medical treatment
Exchanges
In a recent announcement, it was revealed that OKX SG, the Singaporean entity of the crypto exchange OKX, has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it grants businesses the ability to operate without daily or monthly transaction limits.
Ryan Salame, a former FTX executive, has recently opted to withdraw his petition to dismiss the indictment against Michelle Bond just before a crucial court hearing. This decision was communicated to Judge Lewis A. Kaplan of the Southern District of New York by Salame’s legal team in a letter dated Aug. 29. The withdrawal of
Recently, both Binance and Bybit have dropped hints about launching new products related to Solana. Binance’s official X account shared a mysterious message “BNSOL” along with “coming soon,” while Bybit introduced “bbSol” on its platform. These teasers have led to speculation within the crypto community that these exchanges might be gearing up to enter the
Recently, the crypto platform WazirX found itself in a precarious situation after a $234 million hack in July. As a result, WazirX has entered an initial 30-day moratorium pending a decision by Singapore’s High Court on whether to grant an extension. This move was made after a Singapore-incorporated company, Zettai Pte, filed for the moratorium
The recent attempt by former FTX executive Ryan Salame to void his guilty plea has sparked controversy, with the US government pushing back against his claims. Salame argues that his plea was based on false promises from prosecutors regarding the investigation into his partner, Michelle Bond. However, the US Attorney’s Office has labeled Salame’s allegations
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
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
