In a recent development, U.S. prosecutors have bombarded former FTX CEO Sam-Bankman Fried’s legal team with a massive amount of discovery documents. Lawyers representing Bankman-Fried have strongly objected to the government’s approach of providing access to evidence and legal information while their client is held at the Metropolitan Detention Center in Brooklyn. One of the
Exchanges
In a recent cybersecurity incident, bankruptcy claims agent Kroll suffered a breach that compromised the personal information of some FTX customers. FTX, a cryptocurrency exchange, confirmed the incident on social media and assured its users that measures were being taken to protect them. However, the incident raises concerns about the security of customer data and
Binance Card, the popular crypto debit card offered by the Binance exchange, will no longer be available in Latin America and the Middle East starting on September 21st. In an official statement released on August 24th, Binance announced the suspension of its card services in these regions. The Binance Card functions like a regular debit
In a recent email sent to select users on August 14, PayPal made an announcement that has left cryptocurrency enthusiasts in the U.K. disappointed. The message stated that the popular payment platform will temporarily pause crypto buying services in the country starting from October 1, 2023, with the intention to resume at an unspecified date
Crypto lawyer James Murphy has described the amicus brief filed by six law scholars in support of Coinbase as “devastating” for the U.S. Securities and Exchange Commission (SEC). This legal document challenges the SEC’s claim that tokens trading on Coinbase are securities. In a post on August 12, Murphy praised the brief for undermining the
In a recent announcement, Binance Labs revealed its investment of $5 million in Curve DAO Token (CRV). This strategic collaboration aims to strengthen the DeFi platform after it experienced a recent attack. Yi He, Co-Founder of Binance and Head of Binance Labs, stated that the investment is a demonstration of the full support offered by
Decentralized exchanges (DEX) have long been a popular choice for cryptocurrency traders seeking more control over their assets. In the world of DEX, there is a new player on the rise – Base, Coinbase’s newly launched layer2 network. Within just 24 hours of its public launch, Base has already surpassed established layer1 networks like Cardano
It has been reported that Ryan Salame, the former co-CEO at FTX’s Bahamas subsidiary, FTX DM, is currently engaged in negotiations with federal prosecutors. These talks could potentially lead to Salame pleading guilty to criminal charges in relation to the collapse of the crypto exchange. The news of these negotiations was first reported by Bloomberg
In a recent announcement, cryptocurrency exchange Huobi revealed its plans to list PayPal’s newly launched PYUSD stablecoin. Huobi aims to be the first exchange to support the launch of PYUSD and has promised to provide PYUSD/USDT trading pairs with a zero trading fee permanently. While Huobi did not specify a timeline for the listing, it
Cryptocurrency exchange Kraken has recently announced that it will be listing two Reddit cryptocurrency tokens, namely MOONS and BRICKS, on its platform. As of August 7th, users can now trade these tokens on both Kraken and Kraken Pro, across spot and futures markets, as well as through USD and EUR trading pairs. In addition to
