Cryptocurrency Exchanges 35 | MachinaTrader.com

FTX Users File Class-Action Lawsuits Against Mercedes-Benz F1 and MLB Over Alleged Fraud and Unregistered Securities Promotion

Mercedes-Benz Formula One team and Major League Baseball are facing class-action lawsuits filed by FTX users, accusing them of aiding and abetting FTX’s alleged fraud and promoting unregistered securities. The lawsuits claim that the promotional deals between FTX and these organizations, which included displaying FTX’s logo on cars, uniforms, and umpire uniforms, created a sense […]

Binance.US and SEC Dispute: Judge Urges Resolution as Guilty Pleas Cast Doubt on Asset Misappropriation

The United States Securities and Exchange Commission (SEC) is continuing its investigation into Binance.US, looking for evidence that the exchange had a backdoor to potentially control customer assets. This comes after the SEC filed a lawsuit against Binance and Binance.US in June, accusing them of selling unregistered securities and participating in fraudulent activities. One of […]

Binance Delists Tornado Cash as Token Value Plummets

Binance, one of the largest cryptocurrency exchanges, has announced its decision to delist the native token of Tornado Cash, called TORN. This move comes as the value of TORN has plummeted significantly. The delisting is scheduled to begin on December 7th, with trading being halted and deposits no longer being credited. Withdrawals will be disabled […]

Major Crypto Exchanges Binance and Kraken Face Legal Battles, FTX Founder Denied Bail, BlackRock Discusses Bitcoin ETF with SEC, Tether and Bitfinex Agree to Share Information

Last week, the legal drama involving Binance, the world’s largest crypto exchange, and United States law enforcement came to a close with a plea deal. Binance and its former CEO, Changpeng “CZ” Zhao, admitted to violating U.S. Anti-Money Laundering laws and agreed to pay $4.3 billion in fines. As part of the deal, CZ resigned […]

Hong Kong Extends Grace Period for Cryptocurrency Exchanges Amidst Recent Scandals

A one-year grace period for cryptocurrency exchanges in Hong Kong will continue despite recent scandals. Julia Leung, Hong Kong’s Under Secretary for Financial Services and the Treasury, stated that fraud will still occur even if the grace period ends, so there are no plans to modify the grace period or other measures at this time. […]

OKX Launches Crypto Exchange and Web3 Wallet in Brazil, Fostering Crypto Adoption and Prioritizing Security

Leading crypto exchange OKX has expanded its operations into Brazil with the launch of a new crypto exchange and Web3 wallet. The move comes despite the challenging regulatory environment for cryptocurrencies in many countries. The new exchange aims to provide Brazilian users with a secure platform to buy and trade cryptocurrencies. A recent study commissioned […]

Binance Founder Faces Potential Decade-Long Prison Sentence and Travel Restrictions

Changpeng Zhao, the founder and former CEO of Binance, is facing the possibility of a 10-year prison sentence and strict travel restrictions due to a violation of the Bank Secrecy Act. The U.S. Justice Department is challenging a court decision that allowed Zhao to stay in the UAE, citing concerns about his wealth and connections […]

Coinbase International to Expand Cryptocurrency Offerings with Perpetual Futures Contracts for ADA, LINK, DOGE, and XLM

Coinbase International Exchange, a branch of Coinbase Global Inc. that serves clients outside the United States, has announced its plans to add perpetual futures contracts for four new digital assets: Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM). This strategic move aims to cater to a broader audience of traders and follows a regulatory […]

Raiffeisen Bank International to Launch Crypto Trading Services in Partnership with Bitpanda

Vienna-based Raiffeisen Bank International is set to launch crypto trading services for retail customers by the end of January 2024. The bank has partnered with Bitpanda, a crypto exchange, to offer this new service. Customers in Vienna will be able to access Bitpanda’s platform through the Raiffeisen app on their mobile devices. This move reflects […]

Crypto Exchange HTX Recovers from $30 Million Hack, Restores Deposits and Withdrawals

Bitcoin deposits and withdrawals have been restored on the HTX crypto exchange, formerly known as Huobi, following a $30 million exploit. In a recent blog post, HTX announced that deposit and withdrawal functionality is now available for multiple currencies, including Bitcoin, Ether, Tron, and Tether. The exchange plans to gradually bring back functionality for the […]