In recent months, Coinbase has experienced a sharp decline in market share according to a report by research firm Kaiko. Earlier this year, Coinbase dominated more than half of the US crypto market share, reaching almost 55% in March. However, as of early September, its market share has dropped to 41%, down from 53% in
Exchanges
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 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
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
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,
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
Crypto exchange OKX has recently announced its selection of Malta as its Market in Crypto-Assets (MiCA) hub. This move was made in order to better serve the 450 million residents of the European Union. By choosing Malta, OKX aims to provide services that comply with local regulations while also ensuring seamless deposit and withdrawal connectivity
