Wed, November 27

P2P Exchange LocalMonero Shuts Down Amid Ongoing Crackdown

Peer-to-peer trading platform for privacy coin Monero (XMR) has abruptly shut down, joining a slew of other recent closures and arrests involving crypto privacy. All new signups and ad posts for Monero trades have been blocked, as stated by LocalMonero on May 7, effective immediately. The trading of the privacy-focused

May 8, 2024 2 mins read

Crypto.com Hits 100 Million Users, Expands with Strategic Partnerships and Events

Today, Crypto.com revealed that it has crossed the 100 million worldwide user threshold. This is a major achievement for the 2016-founded firm, which leads the sector in security, privacy, and regulatory compliance. This feat came just after the release of Crypto.com’s most recent Fortune Favors the Brave brand video, INEVITABLE, which

May 6, 2024 2 mins read

Crypto.com Accelerates Advertising with Grand Prix Sponsorships

Sports advertising on crypto.com, a leading exchange in the cryptocurrency ecosystem, is about to increase. Among the exchange’s goals in its quest for international prominence is the expansion of its dominance. Bloomberg states that Steven Kalifowitz, chief marketing officer of Crypto.com, has acknowledged the company’s intentions to ramp up its

May 5, 2024 2 mins read

Bitfinex Data Breach Raises Concerns Amid Doubts on Hack’s Veracity

The devastating revelation of a massive data breach has shocked the world-renowned crypto exchange Bitfinex. A breach involving 2.5 terabytes of data has reportedly occurred, exposing sensitive information belonging to almost 400,000 consumers. Because of the previous attack, people are understandably worried about the safety of their accounts and funds,

May 5, 2024 2 mins read

Class Action Lawsuit Against Coinbase Alleges Securities Law Violations

Another class action complaint has been filed against cryptocurrency exchange Coinbase, claiming that the exchange deceived investors into buying securities. Coinbase is facing allegations of securities law violations from individual complainants who have filed a formal complaint. The complaint also claims that SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and

May 5, 2024 2 mins read

Former Binance CEO Changpeng Zhao Sentenced to Four Months in Jail

Changpeng Zhao (CZ), the former CEO of Binance, pled guilty to charges of money laundering and was sentenced to four months in jail on Tuesday in Seattle. In his statement to the sentencing judge on Tuesday, Zhao expressed regret and a desire to own up to his “mistakes.” The Verge

May 1, 2024 2 mins read

Coinbase Integrates Lightning Network for Improved Bitcoin Transactions

Launching support for the Lightning Network today, crypto exchange Coinbase gives its customers a quicker and cheaper option to transfer, receive, or pay with bitcoin straight from their account. In the past, Coinbase’s bitcoin transfers were handled on-chain, which meant that they may take anywhere from ten minutes to two

April 30, 2024 1 min read

Coinbase Announces QCAD Listing to Expand Cryptocurrency Offerings

Coinbase, a leading cryptocurrency exchange based in the US, has unveiled plans to include QCAD on its platform. This move aligns with Coinbase’s strategy to diversify its asset offerings, presenting users with a broader range of trading choices. Notably, QCAD stands out from previously listed altcoins as it is a

April 30, 2024 1 min read

U.S Prosecutors Seek 36-Month Jail Time for Binance Founder CZ

U.S prosecutors submitted a court filing alleging that Binance founder Changpeng Zhao violated anti-money laundering rules (AML) and recommended a 36-month jail sentence for Zhao. The most recent information is that on April 30, Zhao, who resigned as Binance head in November of last year, would be sentenced. A maximum

April 24, 2024 2 mins read

Binance Faces Lawsuit in Canada Over Alleged Securities Violations

Plaintiffs in a new class-action lawsuit in Canada are claiming that Binance, a cryptocurrency exchange, has broken Canadian securities rules. On April 19, the certification motion for the class-action lawsuit against Binance was published by Ontario’s Superior Court of Justice. The lawsuit claims that Binance provided crypto derivative products to

April 24, 2024 2 mins read