In a decisive step towards enhancing its presence in the Asian cryptocurrency market, OSL Group Limited has recently announced the acquisition of a major stake in Japanese crypto exchange CoinBest K.K. Through its subsidiary, OSL Investment (Japan) Limited, the firm has procured an 81.38% share in CoinBest, a deal made public in a press release
Exchanges
The world of cryptocurrency has been rife with volatility and competitive tension, particularly concerning the listing fees imposed by exchanges. Recently, a heated dispute surfaced between key figures in the crypto industry regarding the practices of one of the largest exchanges, Coinbase. This article dissects the claims made by Tron Network founder Justin Sun and
In the rapid-paced world of cryptocurrency trading, security breaches can undermine trust and lead to significant financial losses. M2, a UAE-based cryptocurrency exchange, experienced a notable security incident on October 31, resulting in a staggering $13.7 million theft of digital assets. The event transpired at around 3:16 A.M., prompting immediate action from M2’s team. Despite
In a significant development within the cryptocurrency sphere, the Optimism Foundation has entered into a partnership with Kraken, a major player in the digital asset exchange market. This collaboration involves a substantial investment of 25 million OP tokens aimed at supporting the launch of Kraken’s new layer-2 (L2) blockchain, named Ink, within the Superchain ecosystem.
In the high-stakes environment of cryptocurrency exchanges, the tumultuous narrative surrounding FTX represents not only a cautionary tale but also a potential pathway for recovery for its creditors. A recent legal victory saw FTX reaching a substantial $228 million settlement with Bybit, a competing crypto exchange, and its affiliates. This settlement is not merely a
In the complex landscape following the downfall of FTX, former executive Nishad Singh has emerged as a pivotal figure in the ongoing investigations led by US prosecutors. According to a court filing dated October 23, prosecutors are advocating for leniency in Singh’s sentencing, citing the significant assistance he provided during the investigative process. This raises
In a significant turn of events, the Nigerian government announced the withdrawal of all charges against Tigran Gambaryan, an executive at Binance Holdings, who had faced serious legal battles since February 2024. On October 23, the Economic and Financial Crimes Commission (EFCC) formally communicated this decision at the Federal High Court in Abuja. This update
Kraken, one of the leading cryptocurrency exchanges, has announced its collaboration with EigenLayer, enabling a unique opportunity for its users to engage in the restaking of Ethereum (ETH) directly through its platform. As detailed in an October 15 press release, this integration is poised to lower the barriers of entry for restaking, transitioning it from
In recent developments, Binance’s executive Tigran Gambaryan has found himself in a precarious legal situation following a decision by an Abuja High Court. On October 11, 2023, the court denied Gambaryan’s bail request, a ruling that has sparked disappointment not only from Binance but also from the global cryptocurrency community. The court’s reasoning pointed to
In 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in digital currency history, resulting in the theft of approximately 120,000 bitcoins (BTC). For the industry, this breach not only highlighted vulnerabilities in security practices but also raised questions about accountability and restitution for affected parties. Recent filings from the U.S. government
