FTX Token (FTT), linked to the bankrupt crypto exchange FTX, saw a dramatic surge on Sunday, gaining over 110% in just 24 hours. Alongside this price spike, trading volume also saw a jaw-dropping increase of 3653%, bringing FTT back to levels it hadn’t seen since January of this year. According
The crypto community spurred into action on the release of Binance Founder and former CEO Changpeng Zhao. CZ as speculated by the community was released on Friday after serving his term of four months in a correctional facility in Long Beach California. The cryptocurrency community has flipped to the positive
Crypto traders worldwide welcomed an astonishing report that stated CZ’s early release from prison. This news comes amid a circumstance when the crypto market is witnessing increased volatility. Leading cryptocurrencies are laying the groundwork to establish a full-fledged bull run, while bears pose hurdles. Notably, Binance Founder and former CEO
The U.S. Department of Justice (DOJ) is facing a lawsuit from four individuals, including victims and relatives of state-sponsored terrorism. They accuse the DOJ of delaying and improperly withholding funds from a $4.3 billion settlement involving Binance. The plaintiffs are seeking compensation for the victims. The lawsuit, submitted on September
BingX, a prominent Singapore-based cryptocurrency exchange, has resumed withdrawal services for digital assets following a hack that resulted in $52 million in losses. Reportedly, the estimated initial loss of the security breach was $43 million. In an official X post on September 20, Chief Product Officer of BingX, Vivien Lin,
Singapore-based cryptocurrency exchange BingX reported a hack in the Asian morning hours of September 20. H2 2024 has seen increasing reports of cryptocurrency hacks to various institutions. While WazirX remains the major scam narrative this year, other firms have also reported hacks. According to BingX Chief Product Officer Vivian Lin’s
Bitget exchange has reached a new milestone, surpassing 45 million users worldwide, CEO Gracy Chen announced at its sixth-anniversary celebration in Singapore. This achievement highlights the platform’s rapid growth. The platform experienced major user growth in regions like Africa (1,614%), South Asia (729%), and Southeast Asia (216%) in 2024. According
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
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
In the past few weeks, the crypto regulatory division has seen an increase in activity after the recent market lull. Recently, the Nigerian SEC announced that it would be taking action against unlicensed crypto exchanges. Amid the actions and other lawsuits, Binance saw an advancement in terms of regulations. Notably,
