In the complex landscape of cryptocurrency regulation, few cases have generated as much interest and speculation as the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Following Judge Analisa Torres’s ruling last year, which granted significant but not total victory to Ripple, the SEC has decided to challenge certain aspects
Exchanges
In a strategic effort to capture the burgeoning wrapped cryptocurrency market, Kraken has unveiled its latest product, kBTC, a fully-backed ERC-20 token that represents Bitcoin. Announced on October 17, this innovative offering is designed to broaden Bitcoin’s applications beyond its traditional boundaries, seamlessly integrating into DeFi ecosystems and other blockchain platforms. The kBTC token is
In a progressive move that aims to reshape the landscape of Ethereum restaking, Kraken has officially announced its integration with EigenLayer, making the restaking of Ethereum (ETH) more attainable for average users. This pivotal development, highlighted in an Oct. 15 press release, underscores a growing trend in the cryptocurrency exchange sector, where platforms are increasingly
In a notable turn of events, Binance has voiced its discontent over a recent Nigerian court ruling that denied bail to one of its executives, Tigran Gambaryan. This decision came from the High Court in Abuja on October 11, which declined Gambaryan’s appeal for bail on the grounds of procedural irregularities. Specifically, the court pointed
In a significant development within the cryptocurrency sector, Arkham Intelligence is set to unveil its own crypto derivatives exchange next month. As reported by Bloomberg News on October 11, the anticipated launch has already triggered investor enthusiasm, leading to a notable 12% increase in Arkham’s native token, ARKM. This excitement isn’t a mere coincidence; it
South Korea’s Financial Services Commission (FSC) has recently announced an investigation into Upbit, the country’s leading cryptocurrency exchange. This inquiry is primarily driven by rising concerns regarding Upbit’s substantial influence over the virtual asset market. On October 10, FSC Chairman Kim Byung-hwan confirmed that the agency would delve into the environmental effects that Upbit exerts
The landscape of cryptocurrency trading has been irrevocably altered since the notorious Bitfinex hack of 2016, which saw approximately 120,000 BTC stolen, a loss valued at billions of dollars even in today’s market. Recently, a U.S. government filing hinted that Bitfinex might be the only entity eligible to receive restitution related to this cyber heist,
On October 7, the cryptocurrency landscape experienced unforeseen volatility, with Bitget’s native BGB token witnessing a shocking plunge from $1.15 to approximately $0.5344 within a mere ten minutes. This drastic 56% drop at around 02:58 UTC sent reverberations throughout the trading community, compelling Bitget to swiftly respond with a compensation plan aimed at reassuring affected
In 2023, the landscape for privacy tokens experienced a seismic shift as centralized exchanges took aggressive action by delisting several prominent cryptocurrencies. A staggering report from Kaiko indicates that privacy tokens faced nearly 60 delistings this year alone, marking an unprecedented frequency of such moves since the beginning of 2021. Among the most affected tokens
In a significant stride towards inclusivity in the cryptocurrency trading landscape, Bybit, a prominent crypto exchange, has announced the launch of its Islamic crypto account. As of September 24, this account is specifically designed to meet the needs of Muslim traders who wish to engage in digital asset trading while adhering to Islamic principles. The