In the aftermath of the FTX collapse, a legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF) and former FTX executives. Multiple parties are now seeking control of these assets, which include airplanes, funds in various banks, shares of Robinhood stock, and political contributions linked to FTX executives.
Exchanges
Recently, the New York Attorney General’s office made an announcement regarding the settlement with Gemini, a popular cryptocurrency exchange. The agreement resulted in the recovery of $50 million for users who were affected by the defunct Gemini Earn program. This program misled thousands of investors about the risks involved, ultimately impacting over 230,000 users, including
In a world where copy trading has become increasingly popular, brokers are constantly searching for advanced solutions to meet the evolving needs of their traders. One such solution that has recently made waves in the industry is B2Copy, the next-generation copy trading platform developed by B2Broker. B2Copy sets itself apart from other platforms by offering
B2BinPay, a prominent blockchain platform, has recently launched a new version that includes TRX staking, aiming to provide its users with increased flexibility and efficiency. This innovative feature, built upon the TRON community’s advanced Stake 2.0 mechanism, allows clients to stake any amount of TRX and earn a passive annual yield of 3-5%. By staking
In the fast-paced world of cryptocurrency trading, security and compliance are paramount for exchanges to thrive and succeed. BloFin Exchange, a leading cryptocurrency trading platform, has recognized the importance of integrating the Chainalysis blockchain data platform to enhance its compliance capabilities and safeguard the assets of its global user base. This strategic collaboration is pivotal
In a bold move, Robinhood has announced its plans to acquire Bitstamp, a global crypto exchange, for around $200 million in cash. This acquisition marks a significant step for Robinhood as it looks to expand its offerings and strengthen its position in the crypto market. With an extensive global footprint in regions such as Luxembourg,
In a surprising move, Bybit has recently removed China from the list of countries whose citizens are restricted from using its services. This decision was confirmed by CryptoSlate on June 5 through the exchange’s website. While China is now off the restricted list, other countries such as the United States, the United Kingdom, Canada, Singapore,
Recently, Binance announced its decision to limit the availability of “unregulated stablecoins” in the EU by June 30, in accordance with the upcoming Markets in Crypto-Assets Regulation (MiCA). This move is expected to have a significant impact on the stablecoin market in the European Economic Area (EEA). Binance revealed that it plans to implement a
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, taking on the Securities and Exchange Commission’s (SEC) denial of its rulemaking petition. The crux of the matter lies in the SEC’s order, which seemingly dismissed Coinbase’s claim that current SEC rules are unworkable for digital asset firms. In
Gemini exchange recently announced that users of its Earn product received a remarkable $2.18 billion of their digital assets, accounting for 97% of the total owed to them. This significant recovery comes after the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The assets were returned in kind, meaning that users
