The unraveling of FTX, a cryptocurrency exchange that had quickly risen to prominence, has left a profound mark on the financial landscape. As U.S. prosecutors delve into the aftermath of the scandal, they are recognizing the significance of cooperation from former FTX executive Nishad Singh. A recent court filing from October 23 highlights how Singh’s
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The legal struggle of Tigran Gambaryan, an executive at Binance Holdings, has drawn significant attention from both the cryptocurrency community and legal observers. Since his arrest in February 2024 upon arrival in Nigeria, Gambaryan became embroiled in a situation that brought to light the complex interplay between national law enforcement and international cryptocurrency operations. Initially
On October 18, 2023, Coinbase, a leading cryptocurrency exchange, took an assertive step towards securing regulatory clarity in the United States by submitting two new Freedom of Information Act (FOIA) requests. The significance of these requests cannot be overstated, particularly in light of the complex and often opaque regulatory framework that governs digital assets. By
In the wake of FTX’s dramatic collapse, one of the key figures, Nishad Singh, has emerged in the spotlight, appealing for leniency in his upcoming sentencing. His legal team filed a memorandum on October 16, detailing the steps he took to cooperate with authorities and the supposed limited scope of his involvement in the company’s
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
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