The downfall of FTX, once a prominent cryptocurrency exchange, has been a significant event in financial history. At the center of this controversy is Sam Bankman-Fried, the exchange’s founder, who has recently faced the harsh repercussions of his leadership during the company’s collapse. His conviction and sentencing have been the subject of intense scrutiny and
Exchanges
WazirX, one of India’s leading cryptocurrency exchanges, is currently navigating turbulent waters following a recent mandate from the Delhi High Court. On December 18, the court ordered an extensive re-investigation into the exchange amidst allegations of a significant security breach that occurred in July 2024, leading to the loss of a staggering $235 million. This
In a significant development in the Australian financial sector, the Australian Securities and Investment Commission (ASIC) has initiated legal proceedings against Oztures Trading Ltd, the entity responsible for Binance Australia Derivatives. This lawsuit highlights growing concerns over the protective measures in place for retail investors engaging with cryptocurrency derivatives. As the landscape of digital assets
Coinbase, one of the leading cryptocurrency exchanges globally, has recently released a transparency report shedding light on requests received from law enforcement and government agencies. In the past year, Coinbase encountered a total of 10,707 inquiries, marking an 18% reduction compared to the previous year. This decline reflects a nuanced interaction between cryptocurrency platforms and
The cryptocurrency industry, known for its rapid changes and intricate regulatory landscape, often finds itself embroiled in legal disputes. A recent case has highlighted significant tensions between major players, namely Coinbase and BiT Global, over the delisting of Wrapped Bitcoin (WBTC). This ongoing legal skirmish not only underscores the operational choices of cryptocurrency exchanges but
In a landmark decision, El Salvador’s Central Reserve Bank has granted Bitget a Bitcoin Service Provider (BSP) license, signifying a pivotal moment for both the exchange and the Latin American crypto ecosystem. This new license allows Bitget to legally offer a range of Bitcoin-related services in El Salvador, effectively enabling transactions like converting Bitcoin into
In a notable development within the cryptocurrency landscape, BiT Global has initiated legal proceedings against Coinbase, the predominant crypto exchange in the United States. This lawsuit, filed on December 13, 2023, raises serious allegations regarding Coinbase’s competitive practices, specifically its decision to delist wrapped Bitcoin (WBTC). BiT Global contends that Coinbase’s actions were not justifiable,
In a remarkable turn of events, GateToken, the official cryptocurrency of the Gate.io exchange, has achieved an all-time high of $13.79, even amid swirling rumors regarding a potential security breach. Just after its peak, the value slightly retraced to $13.29, but the spike reflects a growing confidence in the asset, indicating that market sentiment may
In an era marked by rapid digital asset evolution, Binance has notably distinguished itself as the foremost cryptocurrency exchange. A recent report from December 12, 2024, highlighted that the platform secured an astounding $21.6 billion in customer deposits. This significant figure not only places Binance at the forefront of the crypto exchange market but also
On December 11, Coincheck Group, known for its popular cryptocurrency exchange, officially commenced trading on the Nasdaq stock exchange. This significant development follows the successful merger with Thunder Bridge Capital, a transaction that was finalized just days before. The merger was validated by Thunder Bridge’s shareholders during a special meeting on December 5, demonstrating strong