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
Exchanges
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
During a recent hearing, Judge Katherine Polk Failla expressed criticism towards Coinbase for its attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the firm. Failla highlighted that Coinbase’s request included Gensler’s statements prior to taking office as SEC chair in 2021. The company’s lawyer defended this request by explaining that they
The Central Bank of Nigeria’s deputy director, Olubukola Akinwumi, recently made some serious accusations against popular cryptocurrency exchange Binance. Akinwumi accused Binance of facilitating transactions that are typically reserved for authorized banks and financial institutions. These accusations were part of his testimony in a lawsuit filed by the Economic and Financial Crimes Commission (EFCC) against
Taiwan Mobile, a prominent player in the telecom industry in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move has positioned the company as the 26th VASP in Taiwan, according to the latest report from the Financial Supervisory Commission. The company’s General
Binance.US, the American arm of the world’s largest crypto exchange by trading volume, Binance, recently addressed the ongoing legal dispute with the Securities and Exchange Commission (SEC). Despite the SEC’s decision to continue with the case, Binance.US expressed readiness to move forward in the judicial process. The SEC’s allegations surrounding securities law violations have not
Sony Group, a well-known conglomerate in Japan, has recently announced its plans to launch a crypto exchange after acquiring Amber Japan. The acquisition of Amber Japan’s WhaleFin exchange will result in the rebranding of the exchange to S.BLOX Co. This move comes as part of Sony’s strategy to diversify its portfolio and enter the cryptocurrency
