The ongoing legal saga between Celsius Network and the defunct crypto exchange FTX has taken another intriguing turn as Celsius filed a notice of appeal on December 31, 2023. This appeal contests U.S. Bankruptcy Judge John Dorsey’s recent ruling that rejected Celsius’ monumental $2 billion disparagement claim against FTX. This legal battle underscores the turbulence
Exchanges
Binance, recognized as the largest cryptocurrency exchange globally by trading volume, recently achieved a significant milestone in Brazil by securing regulatory approval from the Central Bank to acquire Sim;paul, a licensed broker-dealer. This development, announced on January 2, positions Binance as the first crypto exchange in the country to obtain such a license, enabling it
In a decisive move that highlights the increasing scrutiny of cryptocurrency exchanges, Malaysia’s Securities Commission (SC) has mandated Bybit, a prominent digital asset exchange, to halt its operations within the country. Citing Bybit’s lack of authorization to function as a digital asset exchange (DAX) under the local legislative framework, the SC has acted firmly. This
Starting in January 2025, Bitget Wallet is set to enhance its functionality with the introduction of its innovative GetGas feature. This strategic initiative aims to establish the BGB token as the primary method for gas payments across multiple blockchain networks, which include Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron. The ability
Sam Bankman-Fried, the founder of the infamous cryptocurrency exchange FTX, has faced a significant setback in his legal battle following the collapse of his company. Recent court filings reveal that U.S. authorities have decisively rejected his appeal to overturn both his conviction and sentencing related to the FTX debacle. This rejection underscores the complexities and
WazirX, a prominent Indian cryptocurrency exchange, finds itself engulfed in a complex web of legal and regulatory challenges that threaten its operational viability. The Delhi High Court’s recent directive for a new investigation into the platform on December 18 has raised significant eyebrows in the crypto community. This marked a critical day not merely due
The Australian Securities and Investments Commission (ASIC) is making headlines with its recent lawsuit against Oztures Trading Ltd, the company responsible for Binance Australia Derivatives. The regulator is aiming to hold the firm accountable for allegedly compromising customer protection protocols, particularly surrounding the misclassification of retail investors. With allegations suggesting that over 500 retail investors
The cryptocurrency landscape is rife with rapid changes and contentious legal battles, one of the most striking being Coinbase’s recent decision to delist wrapped Bitcoin (WBTC). This nuanced situation not only involves the strategic maneuvers of one of the largest cryptocurrency exchanges but also opens a window into the regulatory challenges present in a still-nascent
In its latest transparency report, Coinbase has revealed a noteworthy trend: the number of requests received from law enforcement and governmental bodies around the world has decreased by 18% over the past year, totaling 10,707 requests. This finding marks a significant development in the cryptocurrency landscape, especially as it demonstrates a decline in regulatory scrutiny
In a significant advancement for cryptocurrency exchanges in Central America, El Salvador’s Central Reserve Bank has issued a Bitcoin Service Provider (BSP) license to Bitget, as outlined in a statement released on December 16. This license authorizes the exchange to engage in various Bitcoin-related activities, including the conversion of Bitcoin to fiat, processing payments, and