In a significant development within the cryptocurrency space, Kraken, a prominent global cryptocurrency exchange, has officially announced its acquisition of Coin Meester (BCM). Established as one of the oldest registered crypto brokers in the Netherlands, Coin Meester represents a strategic asset for Kraken as it seeks to strengthen its foothold within the Dutch market. This
Exchanges
The crypto landscape has once again been shaken by a breach that occurred at BingX, a prominent cryptocurrency exchange. On September 20, the exchange’s Chief Product Officer, Vivien Lin, revealed that suspicious outflows from one of their hot wallets led to a “minor asset loss.” Although the exact financial impact was still being evaluated, estimates
As the cryptocurrency market continues to evolve, regulatory bodies are increasingly seeking to assert control over digital assets. One of the most significant legal battles currently underway involves the United States Securities and Exchange Commission (SEC) and Coinbase, one of the largest cryptocurrency exchanges in the US. Since the SEC initiated litigation against Coinbase in
In the ever-evolving world of cryptocurrency, regulations have become a focal point of contention, impacting companies and investors alike. Recently, Daniel Gallagher, Chief Legal Officer at Robinhood, voiced significant concerns regarding the U.S. Securities and Exchange Commission’s (SEC) handling of crypto regulations. In his testimony before the House Financial Services Subcommittee on Digital Assets, Gallagher
The cryptocurrency landscape is known for its rapid developments and intricate relationships between various exchanges. A recent fallout between Binance, one of the world’s largest cryptocurrency exchanges, and WazirX, a popular Indian trading platform, has drawn significant attention. As tensions arose following a substantial hack that resulted in the theft of $235 million, Binance has
In the vibrant world of cryptocurrency, the relationship between exchanges, institutional investors, and the market is complex and often contentious. Recently, allegations against Coinbase, particularly regarding its practices with BlackRock’s funds, have stirred significant debate within the crypto community. These claims, which surfaced on social media, suggest that Coinbase is misleading investors by issuing debt
In a high-profile case that underscores the complexities of legal testimonies and plea agreements, former FTX executive Ryan Salame finds himself navigating a precarious situation following stunning revelations about his guilty plea. The intricate layers of this case reveal not only the challenges faced by defendants but also the serious implications of misleading the court.
Tokocrypto, a subsidiary of Binance, recently announced that it has obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This significant milestone solidifies Tokocrypto as the third exchange in the country to receive such a license, amidst a backdrop of growing interest in cryptocurrency trading. Over the past
Recently, Jameson Lopp, co-founder of CasaHODL, raised concerns about a phishing scam that is specifically targeting users of the Gemini cryptocurrency platform. The scam involves a deceptive email that claims to be a data breach notice from Gemini, informing users that their funds are at risk due to a security breach. The scammers then prompt
The bail application for Binance executive Tigran Gambaryan has hit another roadblock as a Nigerian court has decided to postpone the decision until October 9. This delay comes after Judge Emeka Nwite heard arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. Gambaryan’s lawyer submitted a
