In the ever-evolving landscape of cryptocurrency, the intricacies of market dynamics are often laced with misunderstandings and sensationalism. Recently, allegations aimed at Coinbase, a leading cryptocurrency exchange, prompted discussions among investors, analysts, and forum-goers alike. These allegations suggested that Coinbase was misusing BlackRock’s funds, casting doubt on the integrity of the recently proposed IBIT ETF.
Exchanges
The legal saga surrounding Ryan Salame, a former executive of the beleaguered cryptocurrency exchange FTX, continues to unfold with serious implications following his admissions in court. Salame, who previously pleaded guilty to campaign finance and money-transmitting crimes, is now facing the possibility of harsh legal repercussions after revealing inconsistencies in his testimony during a hearing
In recent news, Binance announced that its subsidiary, Tokocrypto, has obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This achievement makes Tokocrypto the third exchange in Indonesia to receive such a license, highlighting the company’s commitment to regulatory compliance and growth in the crypto market. The CEO
Jameson Lopp, co-founder of CasaHODL, recently shed light on a concerning phishing scam that is targeting users of the popular cryptocurrency exchange Gemini. The scam involves scammers sending out fake data breach notices in an attempt to deceive users into transferring their funds to malicious actors. The fake notice claims that Gemini has partnered with
A recent development in the case of detained Binance executive Tigran Gambaryan has left many questioning the Nigerian judicial system. The decision on his bail application has been postponed until Oct. 9, causing further distress to Gambaryan and his legal team who were hoping for a quicker resolution. Gambaryan’s lawyer, Mark Mordi, made a compelling
Recent data from research firm Kaiko has revealed a significant decline in Coinbase’s market share, with smaller exchanges making substantial gains in recent months. Earlier in the year, Coinbase held over half of the US crypto market share, reaching a peak of nearly 55% in March. However, the latest report shows that its market share
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase. The lawsuit alleges that the largest US crypto exchange misled shareholders about the possibility of facing legal action from the SEC. The judge, Brian Martinotti, found that Coinbase and its top executives may have defrauded shareholders by downplaying the
The recent incident involving the theft of over $235 million from the Indian crypto exchange WazirX has brought to light the alarming rise of cyber crime in the crypto industry. According to reports from blockchain security firm Cyvers, the hacker responsible for the theft has been actively laundering the stolen funds. In just 24 hours,
In response to a major security breach that saw over $230 million in user assets being stolen, WazirX has decided to expedite its fiat currency withdrawal process. Originally scheduled to begin on September 9, the exchange has now started the second phase of withdrawals on September 3. CEO Nishal Shetty took to social media to
The Binance CEO, Richard Teng, expressed his strong disapproval of the Nigerian government’s treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng took to X on September 3 to denounce the inhumane treatment of Gambaryan and called for his immediate release to seek medical treatment and reunite with his family.