Following a recent $235 million hack, Indian crypto exchange WazirX has taken a significant step to safeguard its remaining assets. The exchange announced on Aug. 14 that it would be terminating its asset custody arrangement with Liminal and moving assets to new multi-signature wallets. This decision comes in response to the breach and aims to
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The recent settlement of $1.76 million between Binance and the Brazilian securities regulator, Comissão de Valores Mobiliários (CVM), brings an end to a year-long investigation into the exchange’s activities in the country. The crackdown began in July 2020, when the CVM ordered Binance to cease its unauthorized derivatives trading activities in Brazil. Despite warnings and
Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., accusing it of making misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely stated that the project was on track for an April 2023 launch and was progressing when, in reality, it was not
In a recent development, a US appeals court has made a significant decision regarding a class-action lawsuit against Binance.US, the American arm of the global Binance exchange. The plaintiff, Ryan Cox, accused Binance.US and CoinMarketCap of manipulating the price of the Hex token. Cox alleged that HEX was the best-performing cryptocurrency in 2020 and that
Coinbase, a leading cryptocurrency exchange platform, recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposed expansion of the definition of “exchange” to include decentralized exchanges (DEXs). In the letter addressed to SEC Secretary Vanessa A. Countryman, Coinbase’s Chief Legal Officer Paul Grewal raised significant
It is evident from recent reports that the Venezuelan government has restricted access to Binance’s website in the aftermath of the controversial presidential election results. Not only is Binance affected, but several other websites belonging to companies from various industries in Venezuela have also faced similar access restrictions. This move by the government raises concerns
Coinbase, a leading cryptocurrency exchange, has taken a strong stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially impact prediction markets such as Polymarket. By criticizing the broad and unclear definition of “gaming” in the proposal, Coinbase’s Chief Legal Officer, Paul Grewal, argues that the proposal goes beyond the Commission’s statutory
Tyler Winklevoss, co-founder of Gemini, has raised concerns about the implications of Operation Chokepoint 2.0 following the US Federal Reserve’s recent actions against Customers Bank. The regulatory move was prompted by allegations that the bank had violated several financial regulations, including the Bank Secrecy Act and Anti-Money Laundering laws, due to its involvement with digital
BTSE recently made waves in the crypto world with the announcement of the launch of BTSE Dex 2.0. This new release comes with exciting features that promise to revolutionize decentralized trading. One of the key highlights of BTSE Dex 2.0 is its cross-compatibility for Ethereum Virtual Machine-based chains, opening up a whole new world of
WazirX recently made headlines with the announcement of the full restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision comes in the aftermath of a $230 million attack that shook the platform on July 18, resulting in the suspension of withdrawals to prevent further damage. In
