Sat, November 23

Binance Research Releases Half-Year Report Highlighting Crypto Market’s Trajectory

Halfway through 2024, total crypto market capitalization maintained its ascent, reaching over $2.27T, reflecting a 37.3% gain year-to-date, after a robust 2023. Gains were concentrated in the first three months of the year, when they increased by a substantial 60.2%. The cryptocurrency market lost some of its gains and sank

July 16, 2024 3 mins read

Binance Tax Evasion Trial Verdict in Nigeria Postponed to October

The decision in the tax evasion trial against Binance, a cryptocurrency exchange, is expected from a Nigerian court on October 11th. Among Binance’s four accusations of tax evasion is a failure to register with the Federal Inland Revenue Service (FIRS) of Nigeria. Local media reports that Ayodele Omotilewa, a lawyer

July 13, 2024 1 min read

Coinbase CEO Brian Armstrong Reportedly Sells $5 Million in COIN Shares

Coinbase CEO Brian Armstrong recently cut down on his holdings in the cryptocurrency exchange, according to reports. On Thursday, July 12, Armstrong sold off approximately $5 million worth of COIN shares. The recent decline in COIN stock price may have been accelerated by the dump. Brian Armstrong reportedly received $4.92

July 12, 2024 1 min read

Coinbase Subpoena for SEC Chair’s Emails Faces Judicial Pushback

In a recent hearing, U.S. District Judge Katherine Polk Failla advised Coinbase to either drop or significantly revise its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications. The hearing was convened following the SEC’s request to block Coinbase’s subpoena, which south access to Gensler’s

July 12, 2024 1 min read

Binance Makes Final Push to Sell Majority Stake in GOPAX

The world’s largest crypto exchange, Binance, is reportedly finalizing negotiations with Megazone, a South Korean cloud service provider, to sell its ownership stake in Gopax.  According to the South Korean local news report, this move is part of Binance’s strategy to enhance its governance structure in response to regulatory requirements

July 11, 2024 1 min read

FTX Disputes Jump Trading’s $264 Million Claim Over SRM Tokens

The FTX bankruptcy estate is disputing a $264 million claim by Tai Mo Shan, a subsidiary of Jump Trading, related to a loan agreement with Alameda Research involving 800 million Serum (SRM) tokens. SRM served as the cryptocurrency for Serum, a decentralized exchange once affiliated with FTX, which collapsed following

July 11, 2024 1 min read

BitMEX Pleads Guilty to BSA Violations Over Five-Year Period

BitMEX, a leading cryptocurrency exchange based in the Seychelles, has pleaded guilty to breaching the Bank Secrecy Act (BSA) between 2015 and 2020, as announced by the U.S. Department of Justice (DOJ) on Wednesday. Court documents reveal that BitMEX intentionally failed to implement a know-your-customer (KYC) and anti-money laundering (AML)

July 11, 2024 1 min read

Coinbase Announces Addition of Stader (SD) to Listing Roadmap

Coinbase, the largest cryptocurrency exchange in the USA, has added the altcoin Stader (SD) to its listing roadmap. According to Coinbase’s official statement, SD will be supported on the Ethereum network, generating excitement within the community. While being added to the roadmap does not guarantee a listing, historically, these tokens

July 10, 2024 1 min read

Bybit Launches Bybit Card in Argentina with Exciting Perks and Rewards

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the introduction of the Bybit Card in Argentina, allowing users to smoothly bridge the gap between digital finance and everyday transactions. Exciting welcome kits are being offered by Bybit Card to commemorate the debut. Users who apply for

July 9, 2024 1 min read

Bitstamp Commits to Accelerate Mt. Gox Payouts to Creditors

Bitstamp has assured to pay out debtors who were owed payments by Mt. Gox as soon as possible. The crypto exchange intends to reimburse investors far sooner than the 60 days allowed by their agreement with the Mt. Gox trustee for distributing tokens. Several Japanese creditors of Mt. Gox have

July 8, 2024 2 mins read