In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. While Coinbase once dominated over half of the US crypto market share, its numbers have dropped to 41% in early September, down from 53% just a few months prior. On the other hand, Bullish has
Exchanges
A recent report indicated that a federal judge has dismissed Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders. The lawsuit alleges that Coinbase, the largest US crypto exchange, downplayed the possibility of being sued by the US Securities and Exchange Commission (SEC). The judge ruled that shareholders had provided enough evidence to
Recently, the Indian crypto exchange WazirX fell victim to a devastating cyber attack orchestrated by a hacker who managed to steal over $235 million worth of assets. The hacker has been actively laundering the funds, with approximately $10 million being moved through the sanctioned Tornado Cash platform in the last 24 hours. Cyvers, a blockchain
WazirX, a prominent cryptocurrency exchange, has initiated the second phase of its fiat currency withdrawal process earlier than planned. Originally scheduled to start on September 9, the exchange decided to begin the process on September 3. This decision comes in the wake of a significant security breach that resulted in the theft of over $230
The recent events surrounding the detainment of Tigran Gambaryan, an American executive held by the Nigerian government, have sparked outrage and concern within the international community. In a viral video that surfaced on September 2, Gambaryan is seen struggling to walk into a courtroom in Abuja, clearly in distress. Despite his pleas for a wheelchair,
OKX SG, a cryptocurrency exchange based in Singapore, has recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows the exchange to operate without daily or monthly transaction limits, making it a highly sought-after accreditation in the country’s financial sector. The MPI license granted to OKX SG
In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a crucial court hearing. Salame’s legal team, in a letter dated Aug. 29, informed Judge Lewis A. Kaplan of the Southern District of New York
Recently, both Binance and Bybit have teased the launch of new Solana-related products, sparking speculation within the crypto community. Binance’s mysterious message “BNSOL” along with the phrase “coming soon” has piqued the interest of many, while Bybit’s announcement of “bbSol” on their platform indicates a new addition to their offerings. Despite the lack of specific
The embattled crypto platform WazirX has found itself in hot water after a $234 million hack in July. As a result, the platform has entered into an initial 30-day moratorium, with a potential extension pending a decision by Singapore’s High Court. This move came after rival platform CoinSwitch announced its intention to take legal action
Former FTX executive Ryan Salame’s attempt to void his guilty plea has been met with resistance from the US government. Salame claims that his guilty plea was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has called Salame’s allegations “demonstrably false” and emphasized that
