In a significant ruling, U.S. authorities have formally dismissed Sam Bankman-Fried’s appeal against his conviction and sentencing in a high-profile case stemming from the catastrophic collapse of his cryptocurrency exchange, FTX. This decision underscores the government’s stance on maintaining the integrity of judicial outcomes, especially in cases involving financial fraud. Bankman-Fried, an influential figure in
Exchanges
The Indian cryptocurrency platform WazirX faces an uncertain future as it grapples with mounting legal challenges following a recent directive from the Delhi High Court. On December 18, the court mandated a new investigation into WazirX, coinciding with Binance’s decision to delist the exchange’s native token, WRX, due to concerns over compliance with regulatory standards.
In a significant regulatory move, the Australian Securities and Investments Commission (ASIC) has initiated legal action against Oztures Trading Ltd, the entity managing Binance Australia Derivatives. The lawsuit, unveiled on December 18, 2023, revolves around allegations of inadequate customer protection measures, particularly concerning the classification of retail investors. Reports indicate that over 500 retail clients
The cryptocurrency landscape has been marked by both innovation and contention, with various contenders vying for dominance. One of the latest examples of this turmoil is the ongoing legal dispute between Coinbase and BiT Global regarding the delisting of Wrapped Bitcoin (WBTC). As Coinbase stands firm in its decision, analyzing the merits of each side
Coinbase’s latest transparency report has shed light on the evolving dynamics of law enforcement requests concerning cryptocurrency transactions. Over the past year, the exchange noted a total of 10,707 requests from worldwide law enforcement and government entities, marking an 18% decrease compared to the previous year. This reduction provides significant insight into the shifting nature
El Salvador continues to position itself as a pioneer in the global Bitcoin landscape, officially granting Bitget a Bitcoin Service Provider (BSP) license, as announced on December 16. This license empowers Bitget to provide a suite of Bitcoin-related services, including the conversion of Bitcoin to traditional fiat currencies, facilitating Bitcoin payments, and ensuring secure custody
The cryptocurrency market is notorious for its rapid fluctuations and intense competition. Recent developments have underscored the dramatic power dynamics at play, specifically in the realm of wrapped Bitcoin products. BiT Global has initiated legal proceedings against Coinbase, the largest cryptocurrency exchange in the United States, alleging anti-competitive behavior that threatens the very foundation of
In the dynamic landscape of cryptocurrency, GateToken has demonstrated impressive resilience by reaching a new all-time high of $13.79, despite facing troubling rumors about a potential security breach. Following this peak, the token’s price slightly dipped to $13.29, reflecting a common reaction among investors amid uncertainty. GateToken, the native cryptocurrency of the Gate.io exchange, serves
In 2024, Binance has not only solidified its standing as the preeminent cryptocurrency exchange but has also set a benchmark that sees it light years ahead of its nearest competitors. A recent report highlights that customer deposits on Binance have surged to an impressive $21.6 billion. In stark contrast, the combined deposits of the next
The Coincheck Group, renowned for its influential role within the cryptocurrency landscape, recently achieved a significant milestone by listing on the Nasdaq stock exchange on December 11. This listing comes on the heels of a successful merger with Thunder Bridge Capital, which was officially finalized earlier this month. The merger saw Thunder Bridge shareholders approving
