Sam Bankman-Fried, the once-revered founder of the cryptocurrency exchange FTX, has recently faced an unfavorable ruling in his attempt to overturn his conviction related to the exchange’s dramatic collapse. Following his trial, which garnered significant public and media attention, Bankman-Fried was convicted on multiple counts of fraud and conspiracy, leading to his sentencing by the
Exchanges
WazirX, one of India’s leading cryptocurrency exchanges, finds itself in increasingly turbulent waters following a new order from the Delhi High Court for a thorough investigation into its operations. On December 18, coinciding with the announcement from Binance regarding the delisting of WazirX’s native token, WRX, concerns surrounding the platform have escalated dramatically. The court’s
In a significant development within the Australian financial landscape, the Australian Securities and Investment Commission (ASIC) has initiated a lawsuit against Oztures Trading Ltd, the entity responsible for Binance Australia Derivatives. This legal action underscores the regulator’s increasing scrutiny over the practices of cryptocurrency exchanges operating within its jurisdiction. ASIC has raised serious concerns regarding
Coinbase’s latest transparency report sheds light on the dynamic relationship between cryptocurrencies and law enforcement agencies worldwide. The report revealed that in the past year, the platform received a total of 10,707 requests from governmental and law enforcement authorities, marking a significant yet modest decline of 18% compared to the previous year. This trend suggests
The ongoing legal confrontation between Coinbase and BiT Global regarding the delisting of wrapped Bitcoin (WBTC) presents a riveting narrative that encapsulates the complexities of the cryptocurrency market. This conflict not only highlights the legal strategies of both parties but also delves into significant concerns about trust, market integrity, and the responsibilities of crypto exchanges
El Salvador is stepping into a groundbreaking era by granting Bitget a Bitcoin Service Provider (BSP) license, marking a significant milestone in the evolution of cryptocurrency regulation and adoption in the region. The Central Reserve Bank of El Salvador announced this development on December 16, positioning the exchange to directly provide essential Bitcoin services, including
In a significant legal confrontation poised to shake the foundations of the cryptocurrency market, BiT Global has initiated a lawsuit against Coinbase, the flagship cryptocurrency exchange in the United States. This lawsuit, filed on December 13, elucidates a contention that has ripple effects transcending mere market maneuvering—it taps into the intricate landscape of competition, market
In a remarkable display of market resilience, GateToken, the cryptocurrency associated with the Gate.io exchange, recently ascended to an impressive peak of $13.79, marking a new all-time high. This surge occurred even in the face of swirling rumors and allegations regarding a potential security breach within the platform. By the time of reporting, the token’s
In 2024, Binance has emerged as the undisputed leader in the cryptocurrency exchange landscape, with customer deposits soaring to an impressive $21.6 billion. This figure reinforces Binance’s dominant position, far outpacing its closest competitors, which collectively managed only $15.9 billion in deposits—36% less than Binance alone. Notable exchanges in this competitive space, such as OKX,
On December 11, Coincheck Group, the parent entity of the Coincheck cryptocurrency exchange, took a bold step into the public eye by officially listing its shares on the Nasdaq stock exchange. This pivotal moment followed a successful merger with Thunder Bridge Capital, which was finalized earlier in the month. The affirmation of this merger came
