Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully thwarted over $2.4 billion in potential user losses from scams and fraud during the first seven months of 2024. This substantial amount of prevented losses is a testament to Binance’s commitment to user protection and security. The exchange revealed that
Exchanges
Australia’s Securities and Investments Commission (ASIC) recently took legal action against the Australia Securities Exchange (ASX) Ltd. regarding misleading statements made about its blockchain trade settlement project. The lawsuit, filed on Aug. 14, accuses ASX of providing false information about the project’s progress and launch timeline. Despite claims made in February 2022 that the project
Following the recent $235 million hack targeted at Indian crypto exchange WazirX, the platform has made a crucial decision to terminate its asset custody arrangement with Liminal. The exchange announced on August 14 that it will be transferring assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets
A recent court filing revealed that a US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. The plaintiff, Ryan Cox, brought forth allegations against both Binance.US and CoinMarketCap regarding the manipulation of the Hex token’s price. In 2021, Cox initiated the
Binance, the largest cryptocurrency exchange by trading volume globally, has confirmed that the Venezuelan government has restricted access to its website following controversial presidential election results. This restriction is not only limited to Binance but also extends to various websites of companies from different segments in Venezuela, as well as social networks. The government’s move
Tyler Winklevoss, co-founder of Gemini, has expressed his concerns about the recent regulatory action taken by the US Federal Reserve against Customers Bank. He believes that Operation Chokepoint 2.0 is still very much alive, and the latest move by the Fed is a clear indication of that. The regulatory action was based on violations of
Coinbase recently made a bold move by urging the US Commodities Futures Trading Commission (CFTC) to withdraw a proposal that could potentially impact prediction markets like Polymarket. In a strongly worded letter from Paul Grewal, Coinbase’s Chief Legal Officer, the proposal was criticized for its vague definition of “gaming” and the assertion that “gaming” contracts
Recently, BTSE announced the launch of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This new development allows users to trade over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum. One of the key features of BTSE Dex 2.0 is its integration with Orderly Network’s decentralized exchange
In response to a $230 million cyberattack that disrupted operations on July 18, cryptocurrency exchange WazirX has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision comes after the platform suspended withdrawals and aims to ensure fair treatment for all users affected by the
The recent market downturn on August 5th led to panic among investors, causing a surge in trading activities on Binance. CEO Richard Teng disclosed that the exchange witnessed record inflows of $1.2 billion in the past 24 hours, according to DefiLlama’s CEX Transparency metrics. These numbers continued to rise, with Binance’s inflows surpassing $2 billion
