Binance CEO, Richard Teng, recently criticized the Nigerian government for its treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng spoke out against the inhumane treatment of Gambaryan and called for his release for medical treatment and to be reunited with his family. A viral video surfaced showing Gambaryan struggling
Exchanges
OKX’s Singaporean entity, OKX SG, recently made headlines by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore, as it provides businesses with the ability to operate without daily or monthly transaction limits. Companies seeking this license must meet strict criteria, including being
In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a critical court hearing and signifies a significant shift in the legal proceedings surrounding the case. Salame’s legal team, in a letter dated August 29,
Recently, both Binance and Bybit have teased the launch of new products related to Solana, creating a buzz within the crypto community. While specific details have not been revealed, the messages shared by both exchanges suggest a potential foray into the Solana liquid staking market. Unlike traditional staking, liquid staking allows users to earn additional
The recent $234 million hack on WazirX has prompted the embattled crypto platform to enter into an initial 30-day moratorium. This decision was made in light of pending deliberations by Singapore’s High Court on whether to extend the moratorium. CoinSwitch, a rival platform, has announced its intention to pursue legal action to recover approximately $9.6
Former FTX executive Ryan Salame is facing a complicated legal battle as he tries to void his guilty plea based on false promises from prosecutors. The US government has strongly opposed Salame’s attempt, calling his allegations demonstrably false. The charges against Salame’s partner, Michelle Bond, are distinct and ongoing, according to the US Attorney’s Office.
Indian cryptocurrency exchange WazirX has recently expressed concerns about external parties attempting to prolong its restructuring process for their own benefits. These parties, who are not invested in the platform, are said to be creating and maintaining uncertainty rather than seeking a resolution to the current situation. Following a major security breach on July 18
The US federal judge recently denied crypto exchange Kraken’s request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency, earning hundreds of millions of dollars illegally since 2018. The SEC argued that by not registering as a
Coinbase, the popular crypto exchange, recently made an announcement regarding its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange disclosed that it would commence the migration of the Polygon ticker from MATIC to POL starting on Aug. 26, with a promise
Binance, the biggest cryptocurrency exchange in terms of trading volume, recently disclosed that it was able to prevent more than $2.4 billion in potential user losses caused by scams and fraud in the first seven months of 2024. This represents a substantial amount of money that would have otherwise been at risk of being lost.
