Exchanges

In recent news, Alexander Vinnik, a Russian national, admitted guilt to money laundering conspiracy charges in the United States. Vinnik was the mastermind behind the infamous crypto exchange BTC-e, which was a prominent player in the cryptocurrency world between 2011 and 2017. Prosecutors revealed that BTC-e processed a staggering $9 billion in transactions and had

In the first quarter of 2024, Coinbase reported revenues of $1.64 billion, exceeding the expected amount of $1.34 billion. This surge in revenue comes at a time when the crypto market is experiencing a strong rally, fueled by the impressive performance of Bitcoin. The company’s earnings per share stood at $4.40, a significant improvement from

In a recent statement, former Binance CEO Changpeng Zhao emphasized the significance of compliance in the crypto industry. This comes after Zhao was sentenced to four months in prison for violating US compliance regulations. Despite his conviction, Zhao highlighted the importance of adhering to regulations in the industry, stating that “compliance is super important.” He

Changpeng ‘CZ’ Zhao, the co-founder and former CEO of Binance, recently submitted a letter of apology to the court expressing regret and accepting full responsibility for his past actions. In his letter, CZ admitted to making poor decisions and failing to implement necessary compliance changes at Binance in a timely manner. He highlighted that under

FTX creditors have recently been encouraged to take part in the bankruptcy estate auction of the remaining Solana token holdings of the defunct exchange. This move comes after Figure CEO Mike Cagney announced that the upcoming round of locked Solana token sales would be conducted through an auction process. Unlike previous sales that were directly

Kenyan authorities are preparing to hand over Nadeem Anjarwalla, a Binance executive, to the Nigerian government. Anjarwalla was apprehended in Kenya by a joint operation involving multiple agencies including the EFCC, Kenya Police Service, FBI, and INTERPOL. The arrest was made after weeks of searching and according to sources, Anjarwalla is set to be extradited

Crypto exchange HashKey recently announced its decision to cease support for Binance-related transactions. The Hong Kong-based platform shared that it will limit deposits from Binance starting on May 10 and discontinue virtual asset withdrawals to Binance-hosted wallet addresses by May 17. This move comes as a part of a policy change by HashKey, though specific

The once-prominent FTX exchange recently made headlines for emptying its FTT treasury account, transferring a staggering amount of assets to a new wallet address on April 18. According to Arkham Intelligence’s dashboard, the transferred assets included 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million

Binance, one of the leading cryptocurrency exchanges, recently announced the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This move has significant implications for the exchange and its users, highlighting a shift towards greater reliability and stability. The completion of the SAFU fund conversion to USDC signifies a

The recent analysis conducted by crypto exchange Bybit has highlighted a concerning trend in the Bitcoin market. According to the report, there is a potential shortage of Bitcoin on exchanges by the end of 2024 if the current demand levels persist. The report predicts that reserves could be entirely depleted within the next nine months