The cryptocurrency landscape has always been dynamic, characterized by rapid price fluctuations and an influx of speculation. Recently, Coinbase CEO Brian Armstrong issued a stark warning concerning the illegalities creeping into the memecoin domain, specifically highlighting the troubling rise of insider trading. Armstrong’s remarks, made via a post on X on February 19, 2023, signify
Exchanges
In a pivotal move for its U.S. clientele, Binance.US has reintroduced the ability to deposit and withdraw U.S. dollars, a service that had been halted for several months as the platform shifted to a crypto-only model. As of February 19, the company confirmed that users can now engage in fee-free bank transfer transactions (ACH) for
In a significant development that has sent shockwaves through the cryptocurrency sector, Nigeria’s Federal Inland Revenue Service (FIRS) has launched a blistering legal assault on Binance Holdings Limited, seeking an astonishing $81 billion in unpaid taxes and penalties. This staggering figure comprises approximately $79.5 billion claimed in economic damages and an additional N231 million (about
In an alarming effort to exploit unsuspecting individuals, the cryptocurrency sector is facing an insidious scam dubbed the “share-seed-phrase” scheme. Richard Teng, the CEO of Binance, recently sounded the alarm on this treacherous tactic, which preys on the vulnerabilities associated with digital currencies. Scam artists are now masquerading as cryptocurrency experts, tricking victims into believing
In the ever-evolving landscape of cryptocurrency, XRP has recently emerged as a frontrunner in trading activity, overtaking more established currencies like Ethereum on certain US-based exchanges. According to an insightful report by Kaiko, trading volumes for XRP have escalated dramatically since late November, marking a significant shift in the market’s preferences. This resurgence is not
Recent statements from Changpeng Zhao, the founder and former CEO of Binance, have sought to quell rampant speculation regarding the future of the world’s premier cryptocurrency exchange. Following rumors that Binance was shopping for buyers or planning a major asset sell-off, CZ took to social media to dismiss these claims as mere misinformation propagated by
The landscape of cryptocurrency regulation has been tumultuous, with numerous exchanges grappling to align with varying international compliance standards. In a significant turn of events, Ben Zhou, the CEO of Bybit, announced that the crypto exchange has successfully removed itself from France’s financial watchdog, the Autorité des Marchés Financiers (AMF) blacklist. This achievement comes after
In a significant development for the cryptocurrency sector, Coinbase wrapped up 2024 with outstanding financial results. The firm reported an impressive $2.3 billion in revenue for the fourth quarter, easily surpassing the market’s expectations which were set at $1.87 billion. This marked an astounding 88% increase from the preceding quarter, reflecting greater market engagement and
In a noteworthy development for the cryptocurrency market, Robinhood experienced an impressive 400% increase in crypto trading volume during the fourth quarter, soaring to an eye-popping $70 billion. This growth can be traced back to a renewed interest from retail investors as Bitcoin surged past the $100,000 mark, revitalizing enthusiasm not just for Bitcoin but
The recent announcement from CME Group regarding its fourth-quarter trading volumes has sent ripples through the financial landscape. The derivatives exchange experienced an extraordinary spike in crypto trading activity, achieving an astounding average daily trading volume of about $10 billion in crypto futures and options. This figure marks a staggering increase of over 300% compared
