The US Securities and Exchange Commission (SEC) has taken a firm stance against Coinbase’s motion to compel additional discovery in their ongoing legal dispute. The SEC argues that Coinbase’s requests for documents are irrelevant and overly burdensome. In their filing on Aug. 5, the SEC stated that the documents sought by Coinbase are not essential
Exchanges
Binance CEO Richard Teng recently shared that the exchange experienced record inflows and one of its highest trading volumes for the year. In a statement, Teng mentioned that amidst the macroeconomic climate and a market downturn, Binance recorded a net inflow of $1.2 billion in just 24 hours. This data was sourced from DefiLlama’s CEX
In a surprising turn of events, the Solana network has outpaced Ethereum in monthly decentralized exchange (DEX) volume for the month of July. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This marks a significant milestone for Solana, as it secures its position in the
Bybit, a popular crypto exchange, has recently announced the termination of its operations in France due to regulatory issues. The exchange cited new regulatory developments from the French authorities as the reason behind this decision. The ongoing licensing issues have forced Bybit to temporarily halt its services in the country. This move has been met
Recently, there have been accusations made against the popular crypto exchange Coinbase regarding potential breaches of campaign finance laws. These claims were brought forward by crypto researcher Molly White, who raised concerns about the platform’s $25 million donation to Fairshake, a crypto Super PAC. White suggested that this donation may have violated campaign finance rules,
Coinbase has reported impressive total revenue figures for the second quarter, surpassing the market consensus estimate. With a total revenue of $1.449 billion, the exchange has demonstrated significant growth compared to the same period last year. The company’s net income also experienced a positive turnaround, recording a net income of $36 million, a notable improvement
The landscape of cryptocurrency trading is undergoing a significant transformation, with decentralized exchanges (DEXs) now emerging as strong contenders against centralized exchanges (CEXs). The founder of Uniswap, Hayden Adams, recently pointed out that DEX market share is at an all-time high relative to CEX. This shift is evident in the rising trading volumes on DEX
One of the standout features of Zoomex is its commitment to user anonymity. Unlike many other crypto exchanges that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. The emphasis on privacy particularly appeals to
Upon initial investigation, WazirX has stated that there is no evidence to suggest that their signers’ machines were compromised during the recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, has brought about a great deal of concern and scrutiny within the cryptocurrency community. The exchange initially placed
After years of legal battles and uncertainties, the crypto exchange Bitstamp has taken a crucial step towards returning recovered digital assets to the creditors of the now-defunct Mt. Gox exchange. This initiative signifies a major milestone in the decade-long endeavor to compensate those affected by the infamous 2014 hacking incident that ultimately led to Mt.
