The collapse of FTX, once a prominent cryptocurrency exchange, has marked one of the most notorious failures in the financial technology sector. Founded by Sam Bankman-Fried, FTX rapidly gained a reputation as a leading platform for crypto trading. However, it found itself embroiled in a major scandal that ended with bankruptcy, massive financial losses, and
Exchanges
WazirX, one of India’s most recognized cryptocurrency exchanges, is grappling with significant legal and operational challenges following a directive from the Delhi High Court for a renewed investigation into the platform. This judicial action, issued on December 18, coincided perilously with Binance’s announcement to delist WazirX’s native token, WRX, suggesting increasing concern regarding WazirX’s operational
In a significant development within the Australian financial regulatory landscape, the Australian Securities and Investment Commission (ASIC) has initiated legal proceedings against Oztures Trading Ltd, known for operating Binance Australia Derivatives. This lawsuit stems from allegations of inadequate customer protections that potentially jeopardized the financial well-being of retail investors. The implications of this legal action
Coinbase, one of the largest cryptocurrency exchanges in the world, has recently published its transparency report, revealing a notable shift in the landscape of law enforcement requests. Over the past year, Coinbase received a total of 10,707 inquiries from various global law enforcement and governmental agencies, marking an 18% decrease compared to the previous year.
The cryptocurrency landscape is characterized by rapid technological advancement and volatile market conditions, often leading to complex legal confrontations. One such confrontation is between the prominent cryptocurrency exchange Coinbase and BiT Global, sparked by the planned delisting of wrapped Bitcoin (WBTC). This situation delves deep into the intricacies of legal ramifications in the blockchain world,
In a notable development in the cryptocurrency landscape, El Salvador’s Central Reserve Bank has granted a Bitcoin Service Provider (BSP) license to Bitget, a leading cryptocurrency exchange. This pivotal decision enables Bitget to operate legally within the country, allowing it to provide a range of Bitcoin services including the conversion of Bitcoin to fiat currencies,
BiT Global has recently escalated tensions within the cryptocurrency realm by filing a lawsuit against Coinbase, the premier crypto trading platform in the United States. According to a court filing dated December 13, BiT Global, a crypto custodian linked to the well-known figure Justin Sun, alleges that Coinbase has engaged in anti-competitive practices that threaten
In recent days, GateToken, the native cryptocurrency of the Gate.io exchange, achieved an impressive milestone by reaching a new all-time high of $13.79. This surge in value did not occur in isolation; it came despite swirling rumors of a potential security breach that circulated across various social media platforms. As the market reacted, the price
In a landscape where competition is fierce, Binance has emerged as the undisputed leader in the cryptocurrency exchange market during 2024. A recent report dated December 12 highlights Binance’s customer deposits, which have soared to an impressive $21.6 billion this year. When compared to its top ten rivals, whose collective deposits stand at $15.9 billion,
On December 11, Coincheck Group, the parent entity of the prominent Coincheck crypto exchange, celebrates a significant milestone by commencing trading on the Nasdaq stock exchange. This achievement is the culmination of a merger with Thunder Bridge Capital, which was finalized earlier this month. The approval from Thunder Bridge shareholders during a special meeting on