The high-profile bankruptcy of FTX has left a multitude of creditors in limbo, particularly those situated in countries such as Russia, China, Egypt, Nigeria, and Ukraine. Sunil Kavuri, a spokesperson for the FTX Creditors’ group, recently highlighted the complexities surrounding the compensation process for these international creditors. The fact that substantial portions of FTX’s global
Exchanges
Kraken, the prominent cryptocurrency exchange, has recently reported an astronomical spike in data requests from law enforcement and regulatory bodies in 2024, as outlined in its latest transparency report. The figure of 6,826 requests marks a 38.6% increase from the previous year, raising crucial questions about the regulatory environment surrounding digital currencies. A substantial portion
In the wild and rapidly evolving world of cryptocurrency, where fortunes can shift within moments and market sentiments can be swayed by viral trends, the rise of memecoins has introduced both excitement and peril. Recently, Bitcoin’s flagship exchange, Coinbase, took a stance against unethical trading practices linked to these tokens, underscoring a significant issue—insider trading—that
In a groundbreaking move that could redefine the legal parameters for cryptocurrency exchanges operating internationally, Nigeria’s Federal Inland Revenue Service (FIRS) has lodged a monumental lawsuit against Binance Holdings Limited. The FIRS is demanding an astonishing sum exceeding $81 billion, encapsulating not only unpaid taxes but also extensive penalties. Local news sources like Nairametrics have
In recent months, with the rising popularity of digital currencies, cybercriminals have developed increasingly sophisticated methods to exploit unsuspecting investors. One such alarming tactic has come to light, known as the “share-seed-phrase” scam. Richard Teng, CEO of Binance, recently shared a stark warning to the crypto community regarding this insidious scheme. Scammers are not only
In the ever-evolving landscape of cryptocurrency, XRP has recently emerged as a standout performer among its peers on US exchanges, outpacing traditional heavyweights. According to a recent report by Kaiko, trading volumes for XRP have seen an unprecedented rise since November, establishing it as an essential player in the digital asset market. This elevation in
In the ever-evolving world of cryptocurrency, few names are as prominent as Binance and its founder, Changpeng ‘CZ’ Zhao. Recently, speculation surrounding the exchange’s ownership structure has sparked significant interest across the crypto community. CZ directly confronted these rumors, asserting that Binance is not in the process of being sold, but hinted that there might
Coinbase has wrapped up 2024 with remarkable financial achievements, reporting an astounding $2.3 billion in revenue for the fourth quarter. This figure not only surpassed market expectations, which were set at $1.87 billion, but also represented a staggering 88% increase from the previous quarter. The company, led by CEO Brian Armstrong, witnessed a dramatic 172%
In the rapidly evolving landscape of digital finance, Robinhood’s recent report on its fourth-quarter performance indicates a significant rebound in cryptocurrency trading. The platform experienced a staggering 400% increase in crypto trading volume, soaring to an impressive $70 billion compared to the previous quarter. This surge can largely be attributed to a renewed excitement among
In the world of cryptocurrency, the dynamics of trading have remained as fluctuating as the digital assets themselves. According to a recent report by CoinGecko, centralized exchanges reported a cumulative trading volume of $18.83 trillion in 2024. This significant figure indicates a spirited recovery from the declines seen in recent years, as the market continues
