Binance, one of the world’s leading cryptocurrency exchanges, has recently exited the Russian market. This has caused a surge in clients seeking alternative platforms for their cryptocurrency trading needs. CommEX, the company that assumed Binance’s operations in the country, was initially projected to attract approximately one million clients. However, it has been encountering difficulties in […]
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a joint working group to tackle illicit crypto exchange activities. This comes after 11 people were detained for questioning in connection to the Dubai-based JPEX exchange, which the SFC has accused of operating without a license.The working group will share […]
Sam Bankman-Fried, co-founder of FTX, is currently on trial for alleged fraud and campaign finance violations. On the second day of the trial, Ryan Salame, a prominent FTX executive, appeared in court and pleaded guilty to conspiracy charges. During his plea, Salame revealed that he had made substantial political contributions under the direction of Bankman-Fried.In […]
The US Securities and Exchange Commission (SEC) has urged a federal judge to reject Coinbase’s motion to dismiss the regulator’s lawsuit against the prominent cryptocurrency exchange. The SEC is attempting to leverage the Terraform Labs ruling to raise questions about the court’s decision in the Ripple case, which was widely celebrated by the crypto industry. […]
JPEX, a Hong Kong-based cryptocurrency exchange, has reportedly begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to The South China Morning Post. An unidentified user claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable to withdraw their […]
Former FTX CEO Sam Bankman-Fried, also known as SBF, is facing criminal charges in a trial that began on October 4th. The prosecution has called witnesses, including a London-based cocoa broker named Marc-Antoine Julliard, who spoke of learning about the crypto exchange from a friend and seeing advertisements for the firm by Gisele Bündchen. Julliard […]
Solana token SOL has dropped 8% since October 1, reaching $22.8 in the New York hours of October 4. Technical analysis of the daily and weekly charts, as well as macroeconomic conditions, suggest a bearish continuation for Solana in Q4.The coin has been charting within a technical pattern called the “rising triangle”, with a flat […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, which is dedicated to transforming TON into an accessible platform as a simple gateway […]
The FTX app and its terms of service promised customers that their money was being kept safe, as if it were in their own possession. However, according to Rehn, the money was actually diverted to a smaller, secretive company called Alameda Research, and was used to purchase luxuries for Bankman-Fried, his friends, and family members. […]
Coinbase is a trusted crypto exchange regulated by the SEC and FINRA in the USA, and by CySEC and FCA in Europe. Uniswap has been recording booming activities as daily active users increase, signifying a growing interest in the ecosystem. Despite the current market downturn, Uniswap has seen an incredible surge in daily active users […]
