Exchanges

Coinbase recently took a stand against a proposal by the US Commodities Futures Trading Commission (CFTC) that could potentially impact prediction markets like Polymarket. The Chief Legal Officer, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its claim that “gaming” contracts are not in the public interest. According to Coinbase, the

Tyler Winklevoss, the co-founder of Gemini, has expressed deep concerns regarding the recent regulatory action taken by the US Federal Reserve against Customers Bank. He believes that Operation Chokepoint 2.0 is still very much alive and poses a significant threat to the crypto industry. Winklevoss points out that the Fed’s move was a response to

Recently, BTSE announced the release of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This update allows users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum. BTSE Dex 2.0 leverages Orderly Network’s decentralized exchange protocol to provide liquidity and cross-chain interoperability to decentralized

WazirX, a popular cryptocurrency exchange, recently faced a major setback when it was hit by a $230 million cyberattack on July 18. This attack resulted in the suspension of withdrawals and caused disruptions to the platform’s operations. In response to this incident, WazirX has made the decision to restore user balances and reverse trades conducted

The US Securities and Exchange Commission (SEC) has firmly opposed Coinbase’s motion to compel additional discovery in their ongoing legal battle. The dispute centers around Coinbase’s sweeping demands for documents that the SEC argues are irrelevant and overly burdensome. In a memorandum filed on Aug. 5, the SEC contended that the exchange’s discovery requests seek

Binance CEO Richard Teng recently announced that the exchange experienced record inflows and one of its highest trading volumes in a single day this year. Teng mentioned that amidst the current macroeconomic climate and market uncertainty on August 5th, Binance recorded a net inflow of $1.2 billion in the past 24 hours. This influx of

Recently, crypto exchange Bybit announced that it would be terminating its services in France due to regulatory issues. The French regulator introduced new developments that Bybit struggled to comply with, particularly in terms of licensing requirements. This move left French users disappointed and unable to access Bybit’s platform. The French Financial Market Authority (AMF) previously

In a surprising turn of events, the Solana network has outpaced Ethereum in monthly decentralized exchange (DEX) volume for the month of July, according to data from DefiLlama. Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This marks Solana’s second-highest monthly volume, with March 2024 holding the

Recently, there have been allegations made against popular cryptocurrency exchange Coinbase regarding potential breaches of campaign finance laws. The claims, put forth by crypto researcher Molly White, suggest that the exchange’s $25 million donation to Fairshake, a crypto Super PAC, may have violated regulations surrounding political contributions. According to White, the timing of Coinbase’s donation

Coinbase, one of the leading cryptocurrency exchanges, reported impressive total revenue of $1.449 billion for the second quarter. This figure exceeded the market consensus estimate of $1.396 billion, showcasing the exchange’s strong performance in generating income. The total income for the same period last year was $674.1 million, indicating a significant year-over-year growth in revenue.