In a bold move signaling its ambition to become a multifaceted financial services provider, Crypto.com has announced the introduction of stock and exchange-traded fund (ETF) trading on its platform aimed specifically at the United States market. This development marked a significant expansion of the company’s offerings, now allowing users to manage their investments seamlessly across
Exchanges
On December 31, 2023, Celsius Network escalated its legal struggle by filing a notice of appeal regarding a decision made by Judge John Dorsey. This pivotal case centers around Celsius’ bankruptcy proceedings and its disputed $2 billion disparagement claim against the now-defunct cryptocurrency exchange, FTX. The District Court is set to review legacies of disputes
Bybit, established in 2017, has carved out a notable position in the global cryptocurrency exchange arena, handling a volume exceeding $16 billion in assets. However, its expansion has not come without complications, particularly evident in Malaysia, where the Securities Commission (SC) has ordered the cessation of the exchange’s operations. This pivotal decision was influenced by
In a significant move towards simplifying blockchain interactions, Bitget Wallet is set to implement its novel GetGas feature starting January 2025. The platform plans to prioritize its native BGB token for multi-chain gas payments, which is expected to bring substantial efficiency to transactions spanning various networks, including Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism,
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
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,
