Fri, November 22

Coinbase Denies Claims of Issuing Bitcoin IOUs to BlackRock

Coinbase CEO Brian Armstrong and Industry experts swiftly dismissed allegations that the company was issuing Bitcoin IOUs to BlackRock, the issuer behind the largest spot Bitcoin ETF. Over the weekend, crypto analyst Tyler Durden accused Coinbase of allowing BlackRock to borrow Bitcoin without collateral, raising concerns over potential market manipulation

September 18, 2024 2 mins read

Binance Denies Involvement in WazirX Hack and Creditor Issues

Binance has issued a statement clarifying that it bears no responsibility for the financial issues at WazirX, following a $235,000 loss due to a cyber-attack on the platform in July 2024. The statement comes as rumors circulated about Binance’s involvement, which the company has labeled as “false and misleading.” In

September 17, 2024 2 mins read

Coinbase Denies Giving Special Bitcoin Borrowing Privileges to BlackRock

The world’s second-largest crypto exchange, Coinbase, has denied allegations that it granted BlackRock, the world’s largest asset manager, special privileges to borrow Bitcoin. These claims arose when analyst Tyler Durden suggested that Coinbase was issuing Bitcoin IOUs (essentially loans) to BlackRock, allowing it to borrow Bitcoin without maintaining proper 1:1

September 16, 2024 2 mins read

Kraken Demands Jury Trial in Legal Clash with SEC Over Crypto

Crypto exchange Kraken is escalating its legal battle with the U.S. Securities and Exchange Commission (SEC) by demanding a jury trial. This request, revealed in a recent court filing, comes as a California judge has ruled that the SEC’s lawsuit against Kraken will proceed to trial. The SEC first sued

September 13, 2024 2 mins read

US SEC Seeks to Amend Complaint in Ongoing Binance Lawsuit

The United States Securities and Exchange Commission (SEC) has asked the court to amend its complaint in its ongoing case against Binance, Binance.US, and co-founder Changpeng Zhao. In the matter of SEC v. Payward, the submission was made in reaction to a district court judgment that denied Kraken’s petition to

September 13, 2024 2 mins read

eToro Settles with SEC for $1.5M Fine and Limits Crypto Trading in U.S

e-Toro, a trading platform, and the United States Securities and Exchange Commission (SEC) have announced a settlement. The business’s cryptocurrency trading platform was at the center of a regulatory battle with the SEC, which claimed the firm was using its services as a clearing agency and broker without proper registration.

September 12, 2024 2 mins read

Indodax Exchange Faces $15 Million Loss After Major Hack

Indonesian cryptocurrency exchange Indodax is facing a significant financial blow following a recent exploit. The losses are estimated at $15 million. According to PeckShield, the platform has experienced a considerable outflow of funds, totaling approximately $15.7 million. These funds have been dispersed across various blockchain networks, including Ethereum, Polygon, and

September 11, 2024 2 mins read

FTX Strikes Deal with Emergent Over $600M Robinhood Shares

Bankrupt crypto exchange FTX has reached a settlement with Emergent Fidelity Technologies, a firm co-founded by Sam Bankman-Fried, over more than $600 million worth of Robinhood shares. The deal, disclosed in a motion by FTX CEO John Ray III on September 6 in a Delaware Bankruptcy Court, involves FTX paying

September 10, 2024 2 mins read

Moscow Exchange Opts Out of Russian Crypto Trading Pilot

The Moscow Exchange (MOEX), Russia’s largest exchange group, has chosen not to participate in a pilot cryptocurrency trading program. Even though the recent legislation allows digital currencies under the supervision of the Central Bank of Russia.  This decision was confirmed by Nikolai Trunichkin, MOEX’s head of digital projects. While MOEX

September 9, 2024 2 mins read

Crypto Exchange Woo X Introduces Revolutionary Copy Trading

Woo X, a prominent Taiwan-based cryptocurrency exchange, has unveiled a groundbreaking copy trading feature. This new offering promises to revolutionize social trading by allowing users to mirror top traders’ strategies with an innovative twist. The new copy trading feature at Woo X stands out due to its unique counter-trading capability.

September 9, 2024 2 mins read