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
Exchanges
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
Recently, crypto exchange Coinbase found itself in the midst of controversy as allegations surfaced that it had violated campaign finance laws. The accusations stemmed from a $25 million donation made by Coinbase to Fairshake, a crypto Super PAC. It was suggested that this donation may have breached campaign finance rules, especially considering the timing of
In July, the Solana network outpaced Ethereum in monthly decentralized exchange (DEX) volume, marking a significant milestone for the blockchain platform. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This surge in volume can be attributed to the increased activity on platforms like Raydium, Orca,
Recently, Bybit made the decision to cease its operations in France due to regulatory issues that have arisen. These challenges stem from new developments from the French regulator, which have raised concerns about licensing requirements for the exchange. As a result, Bybit has announced that it will no longer be operating in the French market