Exchanges

In a significant move to strengthen its stance against Russian aggression amid the ongoing conflict in Ukraine, the European Union (EU) has expanded its sanctions to include Garantex, a Russian cryptocurrency exchange. This action is a part of the EU’s 16th sanctions package, which underscores the bloc’s commitment to countering Russian financial maneuvers, particularly those

Citadel Securities, a prominent player in traditional financial markets, is eyeing expansion into the realm of cryptocurrency market making. Reports from Bloomberg News on February 24 revealed that the firm aims to enhance liquidity on major cryptocurrency exchanges including Coinbase, Binance, and Crypto.com. This strategic pivot indicates Citadel’s intention to engage more actively in the

OX.FUN, a crypto derivatives exchange that has become intertwined with the infamous narrative surrounding Three Arrows Capital, has recently found itself engulfed in controversy. Linked to its co-founders—Su Zhu and Kyle Davies—this exchange faces serious allegations of financial misconduct that resonate deeply within the cryptocurrency community. The unfolding drama began with claims that OX.FUN withheld

In the wake of the FTX bankruptcy, a troubling reality has emerged for creditors worldwide. Sunil Kavuri, a representative for the FTX Creditors’ group, recently addressed the situation, indicating that there is a significant effort underway to explore repayment options for creditors belonging to various nations, including Russia, China, Egypt, Nigeria, and Ukraine. However, many

In a dramatic turn of events, ByBit, a prominent player in the cryptocurrency exchange sector, has fallen victim to a significant hack, resulting in the loss of approximately $1.5 billion worth of assets, particularly Ethereum (ETH). This incident ranks among the most substantial breaches in digital finance history. On February 21, ByBit took to social

In 2024, the cryptocurrency exchange Kraken has reported a notable surge in requests for user data from law enforcement and regulatory bodies. According to the latest transparency report, these requests have increased by 38.6%, reaching a total of 6,826 inquiries. This significant uptick underscores the growing scrutiny that cryptocurrency platforms face from authorities worldwide, particularly

In recent years, the crypto landscape has witnessed a surge in the popularity of memecoins, a category that often lures investors with its viral appeal and speculative nature. Memecoins, despite their whimsical branding, can be subjected to serious legal and ethical concerns, particularly surrounding the risk of insider trading. Brian Armstrong, the CEO of Coinbase,

Nigeria’s Federal Inland Revenue Service (FIRS) has embarked on a contentious legal affair with crypto exchange giant Binance Holdings Limited, demanding an astronomical sum exceeding $81 billion in perceived unpaid taxes and penalties. This claim, revealed by the local report from Nairametrics on November 19, comprises $79.5 billion attributed to alleged economic damages, augmented by

In a highly anticipated development, Binance.US has reinstated USD deposits and withdrawals, signaling a pivotal change for the cryptocurrency trading platform. Following months of limitations confining users to a crypto-only framework, the announcement made on February 19 marks a substantial turnaround. Customers can now engage in fee-free bank transfers (ACH) for USD transactions—an essential reintroduction

The digital currency landscape, while promising and innovative, is also fraught with scams and fraudulent activities. Richard Teng, the CEO of Binance, has recently issued a crucial warning regarding a particularly insidious scam known as the “share-seed-phrase” scheme. As crypto adoption increases, so does the sophistication of cybercriminals who exploit unsuspecting users through deceptive tactics.