The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox recently provided an update regarding its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion) in a recent transaction, the trustee confirmed that it has not sold any of its Bitcoin holdings. The trustee clarified in a statement on May 28 that preparations
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Coinbase is taking a bold stand against the SEC, accusing the regulatory body of attempting to skirt around established legal tests in their ongoing legal battle. The exchange argues that the SEC is avoiding the fundamental question of whether a digital asset transaction without post-sale obligations can be considered an investment contract under the Howey
Recently, there have been rumors circulating on social media about Bybit crypto exchange’s alleged insolvency. These rumors started spreading through obscure social media accounts, suggesting that a bug in a proof-of-reserves graph from Arkham Intelligence could have sparked the speculation. However, Bybit’s CEO, Ben Zhou, has firmly denied these claims, stating that they are baseless
The recent nullification of the Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US by the First District Court of Appeals in Florida has raised eyebrows in the financial and cryptocurrency communities. The ESO was initially put in place earlier this year, banning Binance.US from serving residents of Florida due to
France’s Autorité des Marchés Financiers (AMF) recently issued a warning to French crypto investors regarding Bybit, a popular digital asset trading platform. According to the notice released on May 16, the AMF emphasized that Bybit is not a registered platform in the country. The financial regulator urged retail investors to exercise caution when considering investment
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,
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),
