As part of its continuing bankruptcy procedures, the now-defunct FTX exchange was granted permanent anonymity for its users by a Federal Court in a historic judgement. The Associated Press reported that the verdict came after a two-day hearing in which the media and the United States Bankruptcy Trustee argued against
On Saturday, the Nigerian Securities and Exchange Commission called Binance, the biggest cryptocurrency exchange in the world, “illegal” to operate in the country. Binance’s legal woes stem from a complaint filed by the US Securities and Exchange Commission against the cryptocurrency exchange and several affiliated companies. The Securities and Exchange
OKX, a cryptocurrency exchange situated in Seychelles, has completed the 20th cycle of its Buy-Back and Burn program, burning around 5.5 million OKB tokens. A total of 5,497,312.77 OKB tokens, valued at $258 million based on a 90-day average, were repurchased from the secondary market and burnt, as stated in
Recent developments in the world of cryptocurrency have seen Russian nationals facing charges for hacking one cryptocurrency exchange and engaging in illicit operations on another. These incidents have sparked concerns regarding the security and integrity of digital currency platforms. The U.S. Department of Justice has released a statement accusing several
Crypto.com, the Singapore-based crypto exchange, will suspend exchange services for U.S. institutional clients. This suspension will take effect on June 21. The exchange added that the decision would not affect retail investors. Crypto.com’s decision to suspend the services comes in the same week as the U.S. Securities and Exchange Commission
Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that
Binance Pay has partnered with Credencial Payments, a payment solution provider located in Latin America (LATAM), in a major step toward increasing access to digital currencies in LATAM. CZ, CEO of Binance, also tweeted about the agreement that would streamline crypto payments in the area. Credencial Payments’ current infrastructure will
According to Semafor, FTX is considering selling its interest in OpenAI competitor Anthropic. According to reports from November 2022, the cryptocurrency exchange now owns over $500 million worth of shares in Anthropic. Semafor reports that the bank that might be selling the shares is Perella Weinberg, and that the bank
We are pleased to announce that On June 7, 2023, the Astana Financial Service Authority (AFSA), the regulator of the Astana International Financial Centre, granted Bybit the license for Operating a Digital Asset Trading Facility and Providing Custody as an Authorized Market Institution. The authorization follows the in-principle approval by
The U.S. Securities and Exchange Commission (SEC) has been called for by the Third Circuit Court of Appeals to provide more explanation of its stance on a rulemaking petition submitted by Coinbase (COIN), a cryptocurrency exchange. Coinbase argued that the current regulations are not appropriate for digital assets, therefore in
