The cryptocurrency market has always been a double-edged sword, offering both extraordinary opportunities and significant risks. The recent legal skirmish between Celsius Network and the collapsed crypto exchange FTX epitomizes these challenges. On December 31, Celsius Network took a decisive step by filing a notice of appeal to challenge the ruling made by Judge John
Exchanges
In a pivotal announcement on January 2, Binance, the world’s leading cryptocurrency exchange by trading volume, received regulatory approval from Brazil’s Central Bank to acquire Sim;paul, a licensed broker-dealer. This development signifies Binance as the first cryptocurrency exchange in Brazil to secure such a license, opening up a plethora of opportunities for the company to
The Malaysian Securities Commission (SC) has taken decisive action against the cryptocurrency exchange Bybit, directing both the platform and its CEO, Ben Zhou, to halt all operations within the country. This move arises from Bybit’s failure to obtain the necessary approval to function as a digital asset exchange (DAX) within Malaysia’s regulatory framework. The SC
In a bold move that marks a significant advancement in the realm of decentralized finance (DeFi), Bitget Wallet is set to implement a pioneering feature known as GetGas in January 2025. This update aims to enhance the user experience by allowing the native BGB token to be used for gas fees across multiple blockchains. With
The downfall of FTX, once a colossal player in the cryptocurrency market, has reverberated across the financial landscape, drawing intense scrutiny and legal battles. Central to this saga is Sam Bankman-Fried, the founder, whose recent legal troubles kept him in the limelight. As bankruptcy and allegations of fraudulent activity engulfed FTX, Bankman-Fried stood trial, ultimately
WazirX, one of India’s leading cryptocurrency exchanges, is currently facing a significant legal and regulatory crisis. On December 18, 2024, the Delhi High Court mandated a renewed investigation into the platform, coinciding with Binance’s announcement to delist WazirX’s native token, WRX. This simultaneous occurrence is not just a coincidence but rather a reflection of WazirX’s
In a significant legal move, the Australian Securities and Investment Commission (ASIC) has initiated a lawsuit against Oztures Trading Ltd., the entity behind Binance Australia Derivatives. This legal action underscores pressing concerns regarding consumer protection standards within the rapidly expanding realm of cryptocurrency trading. The allegations suggest that more than 500 retail clients were incorrectly
Coinbase, a leading cryptocurrency exchange, recently published its transparency report detailing the interaction between its operations and global law enforcement agencies. The report states that the platform received 10,707 requests from various law enforcement and governmental bodies over the past year. This figure marks an 18% reduction compared to the previous reporting period, suggesting a
The ongoing legal dispute between Coinbase and BiT Global underscores the complexities within the cryptocurrency market and the ethical considerations surrounding asset management on trading platforms. The controversy originates from Coinbase’s decision to delist wrapped Bitcoin (WBTC), a move that BiT Global argues is unjustified and damaging to its reputation. At the heart of this
In a notable development for the cryptocurrency landscape, El Salvador’s Central Reserve Bank has awarded Bitget a Bitcoin Service Provider (BSP) license as of December 16. This important regulatory milestone allows Bitget to legally operate within the nation, providing a range of Bitcoin-related services. These services encompass the conversion of Bitcoin to local fiat currencies,
