In a recent testimony presented to the House Financial Services Subcommittee on Digital Assets, Daniel Gallagher, Chief Legal Officer of Robinhood, articulated a growing concern regarding the regulatory landscape for cryptocurrencies in the United States. Gallagher’s statements underscore the friction between the innovative potential of the digital asset sector and the current regulatory framework imposed
Exchanges
The world of cryptocurrency is often plagued by skepticism, rumors, and intense scrutiny, particularly surrounding the actions of major exchanges and asset managers. A recent wave of allegations regarding Coinbase, one of the largest cryptocurrency exchanges, has ignited a discussion about trust within the industry and the impact of institutional players on Bitcoin’s value. Eric
The case of Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has taken a turbulent turn that raises unsettling questions about the integrity of the legal process. Salame’s recent admission of providing false testimony has not only jeopardized his prior guilty plea but also uncovered a murky landscape of potential consequences for
Recently, Jameson Lopp, co-founder of CasaHODL, raised a red flag about a new phishing scam that is specifically targeting users of the popular cryptocurrency exchange, Gemini. The scheme involves a fake data breach notice that tricks users into transferring their funds to malicious actors under false pretenses. Lopp’s warning sheds light on the deceptive tactics
In light of recent security breaches in the cryptocurrency world, the role of third-party audits in verifying the security of platforms has come to the forefront. Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure following a hack on WazirX. The results of the audit provided valuable insights into the
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
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
