In a significant move aimed at enhancing the cryptocurrency trading experience, Visa recently announced a partnership with Coinbase to enable instant deposit services. According to a statement issued on October 29, this collaboration will allow users with eligible Visa debit cards to fund their Coinbase accounts instantaneously. Cuy Sheffield, Visa’s Head of Crypto, expressed his
Exchanges
The cryptocurrency exchange FTX recently secured a noteworthy $228 million settlement with Bybit, a rival crypto exchange, marking a pivotal moment in the ongoing saga of FTX’s bankruptcy proceedings. This settlement emerges from a lawsuit filed in November 2023, which sought to recover around $1 billion in assets that had allegedly been withdrawn improperly. Given
In a groundbreaking announcement on October 24, Kraken, one of the prominent players in the cryptocurrency exchange arena, revealed its intention to launch Ink, a new layer-2 network on Ethereum, utilizing the Optimism Superchain infrastructure. This initiative marks a significant transformation from Kraken’s current centralized exchange model, aiming to empower users with the ability to
The Indian cryptocurrency exchange WazirX has recently taken a significant step towards enhancing transparency by releasing its proof-of-reserves (PoR) report. In a statement issued on October 25, the exchange revealed that a staggering 40% of its customer assets are held on third-party exchanges. This move is designed to allow users and stakeholders to independently verify
Recent developments in South Korea’s cryptocurrency landscape have left over 33,000 investors in a precarious situation, characterized by inaccessibility to approximately $13 million in their digital assets. The abrupt shutdown of numerous cryptocurrency exchanges, driven by the implementation of the Virtual Asset User Protection Act, has prompted a wave of frustration and concern among affected
The implosion of FTX, once a titan in the cryptocurrency exchange arena, has left a lasting mark on the financial landscape. The scandal has unearthed massive mismanagement and allegations of fraud, with former executives now at the center of legal proceedings. One such figure, Nishad Singh, who held a significant position within FTX, is currently
The recent announcement from the Nigerian Economic and Financial Crimes Commission (EFCC) regarding the withdrawal of charges against Tigran Gambaryan, a high-ranking executive at Binance Holdings, signifies a turning point in a protracted saga that raised multifaceted concerns about international relations, corporate governance, and human rights within the digital currency space. Gambaryan, who had been
In a bold step forward for transparency in the crypto industry, Coinbase submitted two new Freedom of Information Act (FOIA) requests on October 18. These requests aim to inject clarity into the often murky waters of cryptocurrency regulations in the United States. The exchange, recognized as one of the largest platforms for buying and selling
The saga surrounding FTX, once a prominent cryptocurrency exchange, continues to unravel the intricacies of corporate misconduct and accountability in the financial world. As the dust settles from the whirlwind of fraud allegations that led to the company’s catastrophic collapse, the role of its executives is being scrutinized under the harsh glare of federal investigation
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is emblematic of the broader struggle for regulatory clarity in the cryptocurrency landscape. The SEC’s recent actions, particularly its filing of a Civil Appeal Pre-argument statement (Form C) on October 17, further complicate the already intricate relationship between regulatory bodies