In a significant legal setback for Binance, the High Court in Abuja has denied a bail application by Tigran Gambaryan, a key executive of the cryptocurrency exchange. This ruling, announced on October 11, has intensified scrutiny over the divergent issues surrounding cryptocurrency regulation and legal justice in Nigeria. Gambaryan, who has been in custody since
Exchanges
Arkham Intelligence is on the brink of launching its own crypto derivatives exchange, a significant development that has drawn attention across the cryptocurrency landscape. Bloomberg News broke the story on October 11, suggesting that the upcoming venture will be operational next month. The anticipation surrounding this launch has already sparked a notable increase in the
In a pivotal move, the Financial Services Commission (FSC) of South Korea has announced an inquiry into Upbit, the country’s premier cryptocurrency trading platform. This investigation stems from rising apprehensions regarding Upbit’s substantial influence over the domestic virtual asset market. FSC Chairman Kim Byung-hwan indicated that this scrutiny seeks to unpack the extent of market
The 2016 Bitfinex hack, which saw the theft of around 120,000 BTC (Bitcoin), stands as a sobering reminder of the vulnerabilities inherent in cryptocurrency exchanges. Recently, a filing by the U.S. government has shifted the focus of restitution claims predominantly onto Bitfinex itself, positioning it as the primary victim in the aftermath of the cyberattack.
On October 7, Bitget’s BGB token experienced a dramatic decline, plummeting from $1.15 to an alarming $0.5344 in just a short span of ten minutes. This sudden shift in value raised immediate concerns among traders and market observers. The volatility was particularly noteworthy as the token lost a staggering 56% of its value in a
In 2023, privacy tokens have seen unprecedented scrutiny from centralized cryptocurrency exchanges, with a staggering 60 delistings reported. This alarming trend marks the highest count of delistings since 2021 and underscores the volatile landscape surrounding privacy-focused assets in the crypto market. Prominent tokens such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), ROSE, and
In a groundbreaking move that highlights the intersection of finance and religion, cryptocurrency exchange Bybit has launched an Islamic crypto account aimed specifically at Muslim users. Announced on September 24, this initiative represents a critical evolution in how digital assets are traded while adhering to Islamic law. Bybit’s CEO, Ben Zhou, took to social media
In a striking declaration made by Binance CEO Richard Teng, the company has achieved a phenomenal feat by processing over $100 trillion in cryptocurrency transactions since its inception in 2017. This announcement, made via a post on the X platform, underscores not merely a numerical milestone but a significant shift in the landscape of digital
Ethena Labs, the team behind the synthetic dollar known as USDe, is exploring a bold new venture aimed at amplifying the asset’s market standing. A proposal put forth by community member Fells0x on September 30 suggests the creation of “Ethereal,” a decentralized exchange (DEX) within the Ethena ecosystem. This initiative is not merely a supplementary
Bithumb, recognized as South Korea’s second-largest cryptocurrency exchange, has announced its aspirations for a public listing in the United States. This announcement, made during a shareholders meeting on September 30, embodies the exchange’s strategic focus to explore new frontiers in the global financial landscape. The planned Initial Public Offering (IPO) is tentatively aimed for the
