The downfall of the cryptocurrency exchange FTX sent shockwaves through the financial world, highlighting the vulnerabilities in both digital assets and regulatory oversight. As prominent figures within the company faced serious charges, the involvement of each entity began to unravel, revealing the intricacies of financial misconduct. Amid this chaos, former FTX executive Nishad Singh stepped
Exchanges
On October 24, Kraken, one of the leading cryptocurrency exchanges, made headlines with its announcement of Ink, a groundbreaking Ethereum layer-2 network built atop the Optimism Superchain. This initiative represents Kraken’s strategic pivot from its traditional centralized exchange framework towards a model that reinforces decentralization in trading, lending, and borrowing. The ambition behind Ink is
In February 2024, Tigran Gambaryan, a prominent Binance Holdings executive, found himself in a precarious situation after arriving in Nigeria. His visit, intended to foster relations with local government officials, turned into a nightmare. Gambaryan and his colleague, Nadeem Anjarwalla, were reportedly there to discuss concerns surrounding Binance’s impact on Nigeria’s foreign exchange stability. However,
The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) continues to be a focal point for both the cryptocurrency market and regulatory discussions. As the situation unfolds, both parties are preparing for the next stages within their legal contest, particularly in light of the latest developments regarding the SEC’s pre-argument
The world of cryptocurrency has witnessed numerous high-profile dramas, none more alarming than the implosion of FTX. As the dust settles, the legal ramifications continue to unfold for those entwined in this financial debacle. One of the key figures in this saga, former FTX executive Nishad Singh, is now seeking leniency from a U.S. federal
In an increasingly competitive landscape for digital assets, Kraken has stepped up with an innovative offering: the wrapped Bitcoin token known as kBTC. Announced on October 17, this new ERC-20 token aims to bridge the gap between Bitcoin’s established reputation and the burgeoning decentralized finance (DeFi) sector. Positioned as a fully-backed digital asset, each kBTC
In a landmark development for cryptocurrency users, Kraken, a leading crypto exchange, has unveiled its integration with EigenLayer, a protocol designed to optimize the Ethereum staking experience. This partnership, which was officially announced on October 15, aims to democratize the practice of restaking Ethereum (ETH), making it more user-friendly and accessible. The heart of this
The recent denial of bail to Tigran Gambaryan, a high-ranking executive of cryptocurrency exchange Binance, highlights significant issues in Nigeria’s judicial system, particularly regarding how financial crimes are addressed. Gambaryan has been in custody since February due to serious allegations, including a staggering $35 million money laundering scheme. The situation became more complicated when the
In a striking move signaling its ambitions within the cryptocurrency landscape, Arkham Intelligence is set to launch a proprietary crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has generated considerable excitement, contributing to a significant uptick in the platform’s native token, ARKM, which surged 12% in response to
The South Korean Financial Services Commission (FSC) has initiated an investigation into Upbit, the country’s largest cryptocurrency exchange, reflecting growing concerns regarding its overwhelming market presence and implications for financial stability. This scrutiny, reported on October 10, was prompted by assertions from lawmaker Lee Kang-il, who expressed worries over the intricate relationship between Upbit and
