Sam Bankman-Fried, once a prominent figure in the cryptocurrency world as the founder of the FTX exchange, has recently encountered a significant setback in his legal battle. The U.S. authorities have firmly rejected his appeal to overturn his conviction and subsequent sentencing linked to the dramatic collapse of FTX. In a recent court filing, the
Exchanges
Indian cryptocurrency exchange WazirX finds itself entangled in a web of legal complications following a Delhi High Court directive for a renewed investigation into its operations. This legal scrutiny emerged on December 18 – the same day Binance announced its decision to delist WazirX’s native token, WRX. The court’s order is largely a response to
The Australian Securities and Investment Commission (ASIC) has taken a significant step in its ongoing efforts to enforce compliance within the cryptocurrency sector by filing a lawsuit against Oztures Trading Ltd, the operator of Binance Australia Derivatives. This legal action raises serious questions about the treatment of retail investors by one of the country’s prominent
In a recent transparency report, Coinbase has brought to light that it received a total of 10,707 requests from law enforcement and government agencies worldwide in the past year. This figure reflects an 18% decrease compared to the previous reporting period, indicating a changing landscape for cryptocurrency regulation and law enforcement engagement. Such declines can
The cryptocurrency market is rife with complexities, regulatory concerns, and fierce competition among platforms. Recently, a notable legal confrontation has emerged between Coinbase, a leading cryptocurrency exchange, and BiT Global, a firm heavily associated with wrapped Bitcoin (WBTC). At the heart of this conflict is Coinbase’s decision to delist WBTC, a decision that has drawn
El Salvador’s Central Reserve Bank has made a significant stride in the cryptocurrency landscape by granting Bitget a Bitcoin Service Provider (BSP) license. This milestone, announced on December 16, provides the exchange with the necessary legal framework to engage in various Bitcoin-related activities. These include the conversion of Bitcoin into fiat currency, handling Bitcoin transactions,
In a significant move that could reshape the competitive landscape of the cryptocurrency market, BiT Global, closely associated with Justin Sun, has launched a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States. The court filing, dated December 13, sheds light on serious allegations directed at Coinbase regarding its handling of wrapped Bitcoin
GateToken, the flagship cryptocurrency associated with the Gate.io exchange, has recently witnessed remarkable price fluctuations. It peaked at an impressive $13.79, defying the backdrop of swirling rumors regarding a potential security breach. Although it subsequently dipped slightly to $13.29, the token’s ability to reach such heights suggests a resilient market response, likely driven by investor
In a recent report, Binance has solidified its lead in the cryptocurrency exchange market, showcasing a staggering customer deposit figure of $21.6 billion for the year 2024. This achievement not only underscores Binance’s dominance but also highlights the significant gap between it and its competitors. Data from DeFi Llama underscores this disparity, illustrating that Binance’s
On December 11, Coincheck Group stepped into a new realm by making its debut on the Nasdaq stock exchange, marking a notable milestone in the cryptocurrency landscape. This achievement comes on the heels of a merger with Thunder Bridge Capital that was formally completed earlier in the month. Announced on December 10, the merger received
