In a significant legal maneuver, Celsius Network has initiated an appeal as of December 31, appealing Judge John Dorsey’s ruling that dismissed its $2 billion defamation claim against the collapsed FTX exchange. This appeal introduces another layer to the already intricate legal proceedings enveloping both Celsius and FTX, highlighting the ramifications of reputational damages within
Exchanges
In a landmark decision, Binance has received approval from Brazil’s Central Bank to acquire Sim;paul, a licensed broker-dealer. This pivotal move is particularly significant as it marks Binance as the first cryptocurrency exchange in Brazil to wield such a license. The implications of this acquisition extend beyond mere compliance; it positions Binance to enhance its
In recent developments, Malaysia’s exemplary commitment to investor protection has come to the forefront with the Securities Commission (SC) taking a hard stance against cryptocurrency exchange Bybit and its CEO, Ben Zhou. The SC’s directive for Bybit to halt all operations within Malaysia is a critical reminder of the importance of regulation in the rapidly
In the ever-evolving landscape of decentralized finance (DeFi), Bitget Wallet is set to revolutionize the way users manage their transaction fees. Starting January 2025, the wallet will introduce its GetGas feature, allowing users to prioritize their native BGB token for multi-chain gas payments. This initiative comes as a response to the complexities associated with handling
Sam Bankman-Fried, once a prominent figure in the cryptocurrency sphere as the founder of the now-bankrupt FTX exchange, faces the harsh realities of the legal system following his conviction connected to the exchange’s collapse. The Second Circuit Court of Appeals has recently rejected his appeal to overturn the conviction and sentencing, a pivotal moment that
The Indian cryptocurrency exchange WazirX finds itself in increasingly turbulent waters following a recent ruling by the Delhi High Court, which has mandated a new investigation into the platform’s operations. This directive, issued on December 18, directly coincided with Binance’s announcement regarding the delisting of WazirX’s native token, WRX. The legal scrutiny arises from significant
The Australian Securities and Investment Commission (ASIC) has initiated legal proceedings against Oztures Trading Ltd., the company behind Binance Australia Derivatives, citing serious deficiencies in customer protection protocols. The focus of this legal action stems from allegations that a significant number of retail investors were wrongly labeled as wholesale clients, thus stripping them of essential
In its recently published transparency report, Coinbase provided a comprehensive overview of law enforcement requests received throughout the previous year. Notably, the report highlighted a total of 10,707 requests, showcasing an 18% reduction compared to the preceding year. This decline marks a significant trend that could signal shifts in how global law enforcement approaches cryptocurrency
In an evolving cryptocurrency landscape, legal battles are becoming increasingly common as exchanges strive to maintain integrity while navigating regulatory challenges. A recent conflict emerged between Coinbase, a significant player in the crypto exchange market, and BiT Global regarding the planned delisting of wrapped Bitcoin (WBTC). This situation not only emphasizes the complexities surrounding digital
In a significant development for the cryptocurrency landscape in Central America, Bitget has announced that it has received a Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank. This licensing, disclosed in a statement on December 16, marks an essential legal endorsement that empowers Bitget to offer a wide array of Bitcoin-related services
