SafeMoon, a crypto company, and its executive team have been charged by the SEC for offering unregistered securities and engaging in fraudulent activities. The SEC alleges that SafeMoon’s CEO, CTO, and creator wiped out billions in market capitalization, withdrew $200 million in crypto assets, and misappropriated investor funds for personal use. Despite claims that the […]
Binance, the world’s largest cryptocurrency exchange, has announced the integration of a self-custodial crypto wallet into its app. This new wallet, unveiled during the Binance Blockchain Week conference in Istanbul, allows users to securely explore the Web3 world. With the ability to swap tokens, use decentralized applications (dApps), and earn yield, the wallet offers numerous […]
RocketX, a cross-chain CEX and DEX integrator, has announced its support for MicroVision Chain, a Bitcoin scaling solution. This integration will allow users to easily transfer assets, including the $SPACE token, to and from MicroVision Chain. By streamlining decentralized finance interactions, RocketX aims to provide users with a simplified onboarding process and “single-click transactions”. This […]
RocketX, a cross-chain CEX and DEX integrator, has announced its support for MicroVision Chain, a Bitcoin scaling solution. This integration will allow users to easily transfer assets, including the $SPACE token, to and from MicroVision Chain. By streamlining decentralized finance interactions, RocketX aims to provide users with a simplified onboarding process and “single-click transactions”. This […]
Cryptocurrency exchange Poloniex has suffered a major hack, resulting in a loss of approximately $114 million. The hack was detected by blockchain security firms PeckShield and Cyvers, and Poloniex promptly disabled its wallet for maintenance. Tron founder Justin Sun confirmed the hack and stated that the exchange would reimburse affected users. In addition, Sun offered […]
Former FTX general counsel, Can Sun, along with other ex-FTX executives, is launching a new cryptocurrency exchange called Trek Labs. The Dubai-based start-up has obtained a license from the Emirate’s crypto regulator and aims to address the challenges that led to the downfall of their previous employer. Trek Labs is seeking investors and plans to […]
The XRPL (XRP Ledger) is set to introduce additional features in the coming weeks, with the fixReducedOffersV1 amendment being a significant upgrade. This amendment aims to address critical issues with decentralized exchanges (DEXs) by minimizing the prevalence of order books obscured by reduced offers. It has garnered approval from over 80% of validators and is […]
FTX, a cryptocurrency exchange, has filed a lawsuit against Bybit and its affiliates, accusing them of using fraudulent tactics to withdraw $953.2 million from the FTX platform before it collapsed. The lawsuit alleges that Bybit and its affiliates had VIP privileges that allowed them to prioritize their withdrawals, leaving FTX’s non-VIP customers struggling to access […]
Ripple CEO Brad Garlinghouse has criticized the U.S. Securities and Exchange Commission (SEC) for its aggressive enforcement actions against the crypto industry, claiming that they have hindered innovation and failed to protect investors. Speaking at the Ripple Swell conference in Dubai, Garlinghouse called for a regulatory overhaul and a new framework that takes into account […]
Several former executives from FTX, a cryptocurrency exchange, have come together to establish a new exchange in Dubai called Backpack Exchange. Led by ex-FTX lawyer Can Sun, the Dubai-based startup aims to address the issue of securing customer funds, which FTX failed to do. Sun is supported by Armani Ferrante, a former FTX employee who […]
