Kraken, a global cryptocurrency exchange, is ceasing operations in Japan for a second time. Blaming a drain on its resources caused by the country’s “weak crypto market.” Kraken announced in a blog post on December 28 that it would be closing its offices in Japan. And removing its registration with
The cryptocurrency trader accused of fraud in a $110 million allegation scam at Mango Markets has been detained in Puerto Rico. The scammer behind the exploitation of the decentralized trading platform is also charged with market manipulation and fraud by the prosecutors in New York. Avraham Eisenberg allegedly manipulated the
According to reports in local media, fifteen French investors have filed a lawsuit against Binance France and Binance Holdings Limited for false concealment and deceptive business activities. Binance was accused of breaking French law on December 14 in a complaint made by the plaintiffs. The complaint said that the exchange
Sam Bankman-Fried’s defunct cryptocurrency exchange FTX is attempting to use the US Bankruptcy Court to reclaim possession of $450 million in Robinhood shares. Emergent Fidelity Technologies, a company headquartered in Antigua and Barbuda, is the sole owner of the 56 million brokerage shares held in the portfolio. Sam Bankman-Fried (SBF),
According to local media, the Hong Kong police have detained two executives from the cryptocurrency exchange AAX on allegations of fraud and deceiving the authorities. On December 23rd, police detained Liang Haoming, CEO of Weigao Capital, and Thor Chan, a former CEO of AAX. Authorities in the region accused the
The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how
The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York
On December 21st, Crypto.com had an NFT campaign prohibited by the Advertising Standards Authority (ASA), the UK’s advertising authority. A sponsored Facebook ad for the crypto platform was reported by ASA. The agency said in a press statement that it didn’t adequately warn about the potential downsides of investing in
As a result of pooling liquidity from several DEXs, aggregators may provide their consumers with more advantageous token exchange rates than any single DEX could provide. When executed properly, DEX aggregators may optimize slippage, swap fees, and token prices, providing customers with a more favorable exchange rate. OpenOcean, a DEX
As of Thursday, holders of Terra Classic (LUNC) and TerraClassicUSD (USTC) were distributed the second batch of Terra (LUNA) airdropped by the biggest cryptocurrency exchange in the world, Binance. The initial airdrop, which took place in May, is associated with Do Kwon’s “Terra Ecosystem Revival Plan 2,” which involves the
