Sam Bankman-Fried, once a prominent figure in the cryptocurrency sphere as the founder of the now-bankrupt FTX exchange, faces the harsh realities of the legal system following his conviction connected to the exchange’s collapse. The Second Circuit Court of Appeals has recently rejected his appeal to overturn the conviction and sentencing, a pivotal moment that
Exchanges
The Indian cryptocurrency exchange WazirX finds itself in increasingly turbulent waters following a recent ruling by the Delhi High Court, which has mandated a new investigation into the platform’s operations. This directive, issued on December 18, directly coincided with Binance’s announcement regarding the delisting of WazirX’s native token, WRX. The legal scrutiny arises from significant
The Australian Securities and Investment Commission (ASIC) has initiated legal proceedings against Oztures Trading Ltd., the company behind Binance Australia Derivatives, citing serious deficiencies in customer protection protocols. The focus of this legal action stems from allegations that a significant number of retail investors were wrongly labeled as wholesale clients, thus stripping them of essential
In its recently published transparency report, Coinbase provided a comprehensive overview of law enforcement requests received throughout the previous year. Notably, the report highlighted a total of 10,707 requests, showcasing an 18% reduction compared to the preceding year. This decline marks a significant trend that could signal shifts in how global law enforcement approaches cryptocurrency
In an evolving cryptocurrency landscape, legal battles are becoming increasingly common as exchanges strive to maintain integrity while navigating regulatory challenges. A recent conflict emerged between Coinbase, a significant player in the crypto exchange market, and BiT Global regarding the planned delisting of wrapped Bitcoin (WBTC). This situation not only emphasizes the complexities surrounding digital
In a significant development for the cryptocurrency landscape in Central America, Bitget has announced that it has received a Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank. This licensing, disclosed in a statement on December 16, marks an essential legal endorsement that empowers Bitget to offer a wide array of Bitcoin-related services
The cryptocurrency market thrives on innovation and competition, but recent developments indicate a growing concern over monopoly practices within the space. BiT Global, linked to crypto entrepreneur Justin Sun, has initiated legal action against crypto behemoth Coinbase, the leading U.S. exchange. The lawsuit, filed on December 13, alleges that Coinbase’s decision to delist Wrapped Bitcoin
The recent rise of GateToken, the native cryptocurrency of the Gate.io exchange, has been nothing short of spectacular. Achieving a staggering all-time high of $13.79, the token continued to maintain a solid position around $13.29, even in the face of troubling rumors regarding a potential security breach. This upward momentum signifies not only investor confidence
In a significant achievement for the cryptocurrency landscape, Binance has reinforced its status as the premier crypto exchange in 2024. A recent report indicated that the platform’s customer deposits have reached a staggering $21.6 billion, illustrating its lead over competitors. This impressive figure is not just marginally higher; it eclipses the combined total of the
The cryptocurrency landscape has witnessed a significant evolution in recent years, and Coincheck Group’s entry into the Nasdaq is a testament to this ongoing transformation. On December 11, 2023, Coincheck, the parent company of one of Japan’s leading crypto exchanges, officially began trading on the Nasdaq stock exchange. This momentous occasion is the culmination of
