Binance.US, the American arm of the leading global cryptocurrency exchange Binance, is gearing up for the next phase in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to have the case dismissed, the court has ruled in favor of the SEC. The exchange expressed its readiness to proceed with the
Exchanges
Sony Group, a prominent conglomerate based in Japan, recently announced its plans to venture into the cryptocurrency exchange market through the acquisition of Amber Japan. The acquisition will make Sony the new owner of Amber Japan’s WhaleFin exchange, which will be rebranded as S.BLOX Co. Sony aims to enhance the user experience by redesigning the
Recently, Jesse Powell, the founder of Kraken, a prominent cryptocurrency exchange, made headlines by donating $1 million, primarily in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that his intention behind the donation was to help the US maintain its leadership in blockchain technology. This move by Powell not only reflects
A US bankruptcy court recently approved FTX’s proposal to solicit votes on a liquidation plan that involves paying customer claims in cash. This plan is based on crypto prices at the time of FTX’s collapse in November 2022, which has sparked controversy among customers seeking higher payouts due to the rise in crypto prices since
In a recent development, a federal judge in California has indicated that he is inclined to let the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken proceed. This decision casts doubt on the exchange’s efforts to have the case dismissed. According to reports, Judge William Orrick stated that he was “inclined to deny” Kraken’s
Binance, the leading cryptocurrency exchange in the world, has recently been facing regulatory challenges in various countries, including India. The Financial Intelligence Unit (FIU) of India imposed a hefty fine of 188.2 million Indian Rupees on Binance for non-compliance with Anti-Money Laundering (AML) regulations. This fine amounts to approximately $2.2 million and was a result
In the ever-evolving world of cryptocurrency, the allure of using digital assets for travel purposes has become increasingly popular. However, embarking on a journey with your crypto holdings comes with its own set of risks and challenges. It is crucial for individuals to be aware of these risks and take necessary precautions to ensure a
The recent revelation by CertiK, a blockchain security firm, regarding a critical vulnerability within the deposit system of the popular crypto exchange Kraken has sent shockwaves through the cryptocurrency community. CertiK’s investigation began on June 5 when researchers discovered an issue in Kraken’s deposit system. This flaw failed to properly differentiate between internal transfer statuses,
A recent development in the legal battle of Binance executives in Nigeria saw a federal high court dismissing a human rights lawsuit filed by Nadeem Anjarwalla. The lawsuit, directed against the country’s National Security Adviser and the Economic and Financial Crimes Commission, was dismissed by Justice Inyang Ekwo on June 19. The primary reason cited
Recently, the popular crypto exchange Kraken revealed that it had fallen victim to a critical bug in its funding system. The bug, which was discovered by a security researcher, allowed malicious actors to artificially inflate their account balances and subsequently trade with these inflated assets in real time. This flaw was attributed to a recent