Exchanges

The recent bankruptcy of FTX, once a notable player in the cryptocurrency exchange market, has raised significant concerns for its vast network of creditors worldwide. As Sunil Kavuri, a representative of the FTX Creditors’ group, outlines, the exchange’s current focus lies in devising solutions to compensate creditors scattered across various countries, including Russia, China, Egypt,
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In the evolving landscape of cryptocurrency exchanges, Kraken has recently highlighted a substantial uptick in data requests from law enforcement and regulatory bodies in 2024. Their latest transparency report indicates that a total of 6,826 requests were submitted, marking an impressive 38.6% increase compared to the previous year. This surge underscores the intensifying scrutiny that
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In recent years, the cryptocurrency landscape has experienced dynamic shifts, especially with the rise of memecoins—tokens often inspired by internet culture and memes. These digital assets, while entertaining to many, also harbor significant risks, particularly concerning insider trading. Recently, Brian Armstrong, CEO of Coinbase, voiced his alarm over this issue, highlighting the potential for legal
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In a significant development that underscores the growing regulatory scrutiny in the cryptocurrency sector, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited, seeking a staggering $81 billion in unpaid taxes and penalties. The enormity of this claim—with $79.5 billion attributed to economic damages alone—has sent shockwaves through the financial
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The world of cryptocurrencies, while heralded for its potential to democratize finance, has also become a fertile ground for deception and criminality. Richard Teng, the CEO of Binance, recently shed light on a sophisticated scam known as the “share-seed-phrase” scheme, which highlights the evolving nature of fraud in the digital asset space. Unlike traditional phishing
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The cryptocurrency market has always been dynamic, but certain digital assets like XRP have recently captured significant attention due to their exceptional trading performance. A recent report from Kaiko indicates that XRP has outpaced other cryptocurrencies on U.S.-based exchanges, highlighting a substantial spike in trading volumes since November. This uptick not only underlines the shifting
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Recent speculation regarding the future of Binance, the prominent cryptocurrency exchange led by its founder and former CEO Changpeng ‘CZ’ Zhao, has stirred considerable interest and confusion among users and investors alike. In a social media clarification dated February 17, CZ staunchly denied any intentions of selling the exchange, particularly amidst reports suggesting that the
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In a significant development in the world of cryptocurrency, Bybit’s CEO Ben Zhou recently announced on social media that the exchange has successfully shed its status on the Autorité des Marchés Financiers (AMF) blacklist of France. This achievement comes after a diligent two-year effort aimed at resolving compliance issues that had previously halted Bybit’s operations
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