Sat, July 12

FTX Trying Hard To Recover $700M Misappropriated Funds by SBF

On Thursday, in an effort to recover $700 million in investments allegedly made with diverted FTX money, the bankrupt cryptocurrency exchange FTX sued K5 Global and associates. According to a bankruptcy court lawsuit filed by FTX in Wilmington, Delaware, Sam Bankman-Fried (SBF), the company’s founder, was a “profligate patron” who

June 23, 2023 2 mins read

Binance U.S Announces Successful Restoration of USD Withdrawals

Binance US, the American branch of the world’s biggest crypto exchange, stated on Friday that it has worked with banking partners to fix the exchange’s USD withdrawal problems. It advises changing USD fiat funds to stablecoins cautioning that financial partners may cease the service soon. On June 23rd, Binance.US made

June 23, 2023 2 mins read

Binance Appoints Former Department of Justice’s Prosecutor Against SEC

According to a court filing made public on Thursday, Binance has hired a former prominent prosecutor from the Department of Justice to represent it in the lawsuit brought against it by the Securities and Exchange Commission (SEC). Yesterday, Binance launched a complaint against the SEC for making false claims. Moreover,

June 23, 2023 2 mins read

Binance.US Strikes Back Against SEC: Allegations of Dishonesty

Binance.US and its affiliated companies have taken legal action against the United States Securities and Exchange Commission (SEC), alleging “dishonesty and misleading” claims. The crypto exchange platform, Binance.US, along with its partners, filed a petition on June 21, seeking court intervention to challenge the SEC’s assertions regarding the handling of

June 22, 2023 1 min read

Insolvent Three Arrows Capital Founders Launch 3AC Ventures

On June 21, the platform Open Exchange (OPNX), which allows users to trade claims against insolvent crypto companies, made an announcement about a new ecosystem partner that would be known as “3AC Ventures.” Developers claim that the new venture will invest in projects linked to the OPNX ecosystem. Su Zhu

June 22, 2023 2 mins read

Huobi Founder Reportedly Files Lawsuit Over Trademark Infringement

Huobi founder Li Lin claims that the cryptocurrency exchange is in violation of the terms of the purchase agreement by making use of the Huobi brand. X-Spot Co. Limited, owned by Li Lin, reportedly sued Huobi Global for trademark infringement at the High Court of the Hong Kong Special Administrative

June 22, 2023 2 mins read

Binance Launches Regulated Digital Asset Platform in Kazakhstan

In light of mounting regulatory concerns in the West, the global cryptocurrency exchange Binance has announced the opening of a regulated digital asset platform in Kazakhstan. On June 20, 2023, Binance Kazakhstan and members from the financial sector in Kazakhstan held a press conference to announce the launch of the

June 21, 2023 2 mins read

U.S Court Grants 120 Days’ Time to SEC in Coinbase Lawsuit

On Tuesday, it was announced that the Third Circuit Court of Appeals will continue to hear the case brought by Coinbase and others to clarify Securities and Exchange Commission (SEC) restrictions on digital currencies. The petition for a Writ of Mandamus was noted in the ruling, and the commission was

June 21, 2023 2 mins read

Binance’s Integration of Bitcoin Lightning Network Inches Closer

One of the major cryptocurrency exchanges, Binance, has stated that it is working to integrate the Bitcoin Lightning Network. So that users may make deposits and withdrawals more quickly. The company’s CEO, Changpeng Zhao (CZ), has also verified the update. Binance decided to deploy the Lightning Network after experiencing difficulties

June 20, 2023 1 min read

Deutsche Bank Applies for License To Offer Crypto Custodial Services

Deutsche Bank AG, the biggest bank in Germany, has just submitted an application to the appropriate authorities to begin providing custody services for digital assets like cryptocurrencies. This change, according to Deutsche Bank’s head of commercial banking, David Lynne, is part of the bank’s larger goal to boost fee revenue

June 20, 2023 2 mins read
Little Pepe