In a recent court filing on August 12, a US appeals court made a significant decision regarding a class-action lawsuit against Binance.US, the US-based subsidiary of the global Binance exchange. The lawsuit was brought forward by Ryan Cox, who accused Binance.US and CoinMarketCap of manipulating the price of the Hex token. Cox alleged that the
Exchanges
Recently, Binance, the largest cryptocurrency exchange globally, confirmed that the Venezuelan government has imposed restrictions on access to its website. This action comes in the wake of controversial presidential election results, causing turmoil in the country. Like many other websites in Venezuela, Binance pages are facing access limitations, including social networks. This move has raised
Gemini co-founder Tyler Winklevoss has raised concerns over Operation Chokepoint 2.0 following the US Federal Reserve’s recent regulatory action against Customers Bank. The Fed’s move came as a result of alleged violations of the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations related to digital assets. Customers Bank has
Coinbase, a leading cryptocurrency exchange, has raised concerns over a proposal by the US Commodities Futures Trading Commission (CFTC) that could impact prediction markets, such as Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its assertion that contracts related to prediction markets are against
In a significant development in the world of decentralized exchanges, BTSE has officially announced the launch of BTSE Dex 2.0. This new version introduces cross-compatibility for Ethereum Virtual Machine-based chains, opening up new trading opportunities for users. With the ability to trade over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum, BTSE
In response to a $230 million attack on its platform on July 18th, WazirX has made the decision to restore user balances and reverse trades conducted between July 18th and July 21st. This move comes after the suspension of withdrawals following the cyberattack, with the aim of ensuring fair treatment for all affected users. After
Recently, Binance CEO Richard Teng disclosed that the exchange experienced record inflows and one of its highest trading volumes during a jittery market on Aug. 5. Teng highlighted that amidst the macroeconomic climate and market downturn, Binance recorded a net inflow of $1.2 billion in just 24 hours, according to DefiLlama’s CEX Transparency metrics. Additionally,
In a surprising turn of events, Solana has managed to outpace Ethereum in monthly decentralized exchange (DEX) volume for the month of July. According to data from DefiLlama, Solana recorded a total of $55.8 billion in DEX transactions, surpassing Ethereum’s $53.8 billion for the same period. This marks a significant milestone for Solana, which has
Crypto exchange Bybit recently announced that it will be ending its operations in France due to regulatory issues. The exchange cited new regulatory developments from the French authority as the reason for this decision, specifically hinting at licensing problems. Bybit expressed optimism about returning to the French market once it obtains the necessary licenses. The
Recently, there have been allegations against the popular crypto exchange Coinbase claiming that it breached campaign finance laws. The allegations stem from a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). Crypto researcher Molly White raised concerns that this donation may have violated campaign finance regulations due to