Coinbase recently announced that it had resumed operations after facing a system-wide outage that impacted its website, mobile app, and API for over three hours. However, some customers of the popular crypto trading platform took to social media to dispute this claim, stating that they were still unable to withdraw their funds. One such user,
Exchanges
Recently, The Wall Street Journal published a troubling report accusing Binance, the world’s largest cryptocurrency exchange, of firing its head of market surveillance after he flagged concerns about potential market manipulation by a high-profile client. According to sources within Binance, the surveillance team had uncovered suspicious trading activity by DWF Labs, a firm operated by
Recently, it was announced that the Japanese exchange Coincheck is planning to become one of the two publicly listed exchanges in the United States, alongside Coinbase. This move is set to take place by the second or third quarter of this year through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners
The recent detention of Tigran Gambaryan, a US citizen and Binance’s financial crime compliance department head, in Nigeria has sparked outrage and concern within the crypto community. Binance CEO Richard Teng has strongly condemned Gambaryan’s detainment, labeling it as unjust and setting a dangerous precedent for companies globally. This act of inviting a company’s mid-level
The recent crackdown on crypto firms by the Securities and Exchange Commission (SEC) has stirred up discussions within the industry. Bitwise Investments CIO Matt Hougan shed light on how the regulatory landscape could inadvertently be benefiting US crypto exchange Coinbase. In a recent social media post, Hougan pointed out that the current regulatory environment might
A recent class-action lawsuit has been filed against Coinbase Global, along with its subsidiaries Coinbase, Inc. and Coinbase Asset Management, LLC, as well as its CEO, Brian Armstrong. The lawsuit, initiated by six customers, makes the bold claim that the digital assets listed on Coinbase are actually securities. Among the tokens listed are Solana (SOL),
The recent guilty plea of Alexander Vinnik, a Russian national and operator of the now-defunct crypto exchange BTC-e, sheds light on the rampant money laundering activities that have plagued the cryptocurrency industry. Vinnik admitted to charges of money laundering conspiracy in the US, highlighting the extent to which platforms like BTC-e were used by cyber
Coinbase, a well-known player in the crypto market, made headlines recently with its first-quarter revenues totaling $1.64 billion. This amount surpassed the expected $1.34 billion, shocking both analysts and investors. The surge in revenue comes at a time when Bitcoin is experiencing a robust rally, significantly impacting the entire crypto sector. A substantial component of
The former CEO of Binance, Changpeng Zhao, recently emphasized the critical importance of compliance in the crypto industry. In the wake of his own legal troubles and imprisonment due to breaking US compliance rules, Zhao acknowledged the necessity of adhering to regulations. He stated that he would step back and remain a passive investor in
Changpeng ‘CZ’ Zhao, the co-founder and former CEO of Binance, recently submitted a letter of apology to the court. In this letter, he expressed regret for his poor decisions and accepted full responsibility for his actions. Zhao acknowledged that he should have implemented compliance changes at Binance much earlier in his tenure, although he did
