In a case that continues to intrigue the cryptocurrency community, Ripple Labs finds itself at the center of regulatory scrutiny from the United States Securities and Exchange Commission (SEC). The recent filing by the SEC, which consists of a Civil Appeal Pre-argument statement (known as Form C), solidifies the agency’s position to contest certain facets
Exchanges
The fall of FTX sent tremors through the cryptocurrency world, exposing systemic vulnerabilities within the exchange and triggering a shift in regulatory scrutiny. As leaders within FTX face the consequences of a monumental collapse, several executives have animatedly sought to lessen their punishments in light of their cooperation with investigations. Nishad Singh, a former executive
In a notable advancement within the cryptocurrency landscape, Kraken has made headlines by launching kBTC, a wrapped Bitcoin (WBTC) product that aims to seize the momentum of the expanding DeFi sector. Announced on October 17, this ERC-20 token is crafted to bridge the capabilities of Bitcoin with the diverse applications found in decentralized finance and
In the rapidly evolving landscape of cryptocurrency, the services provided by exchanges play a crucial role in enhancing user engagement and participation. Recently, Kraken, a prominent player in the crypto exchange sector, announced a significant collaboration with EigenLayer. This strategic integration permits Kraken’s users to engage in the process of restaking Ethereum (ETH) directly through
The ongoing saga surrounding Tigran Gambaryan, a high-ranking executive at Binance, has become a focal point of distress for both the cryptocurrency platform and Gambaryan’s family. On October 11, a Nigerian High Court made headlines by rejecting a bail application for Gambaryan. This decision is shrouded in controversy, as it hinges on procedural technicalities rather
Arkham Intelligence is gearing up to unveil its crypto derivatives exchange next month, a move reported by Bloomberg News on October 11. This announcement has sparked considerable excitement within the cryptocurrency community, leading to a notable 12% increase in the price of its native token, ARKM. As the market is currently experiencing a general upswing,
The South Korean Financial Services Commission (FSC) has initiated an investigation into Upbit, the nation’s preeminent cryptocurrency trading platform. This inquiry stems from concerns regarding Upbit’s market dominance and its consequential influence on the virtual asset landscape, as highlighted in a report from the local media. The FSC, led by Chairman Kim Byung-hwan, is poised
The 2016 Bitfinex hack, which resulted in the unprecedented theft of approximately 120,000 Bitcoin (BTC), has cast a long shadow over the cryptocurrency exchange landscape. Recent filings from the US government suggest that the focus of restitution efforts post-hack will singularly revolve around Bitfinex itself. This new development indicates that individual users who were affected
The landscape of cryptocurrency is continuously evolving, and one of the most significant shifts in recent years has been the aggressive action against privacy tokens by centralized exchanges. In 2023 alone, a staggering 60 privacy coins faced delisting from various exchanges, as revealed in a report by Kaiko. This unprecedented number marks a significant increase
On October 7, the cryptocurrency market experienced a dramatic event when Bitget’s native token, BGB, plummeted from $1.15 to $0.5344 in a matter of minutes. This shocking decline raised alarm bells across the trading community, prompting immediate investigations and responses from the exchange. The drop, which lasted approximately ten minutes, was particularly perplexing to traders,