Citadel Securities is reportedly planning to expand into crypto market making, with the aim of providing liquidity on major crypto exchanges, Bloomberg News reported on Feb. 24. People familiar with the matter told the news outlet that the firm is preparing to establish a presence in crypto markets by joining market makers on platforms operated […]
The post Citadel eyes crypto market making expansion amid regulatory shifts appeared first on CryptoSlate.
An affiliate of OKX agreed to pay over $500 million, including $84 million in penalties and approximately $421 million in forfeited fees earned from U.S. customers.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
OX.FUN, a crypto derivatives exchange linked to the bankrupt Three Arrows Capital co-founders Su Zhu and Kyle Davies, is under fire following allegations of financial misconduct. The controversy erupted after the platform allegedly withheld $1 million from a user, JefeDAO, sparking concerns over its financial stability and operational transparency. This drama has negatively impacted the […]
The post OX token plummets amid OX FUN extortion and insolvency of former 3AC founders rumors appeared first on CryptoSlate.
A former bitcoin skeptic, Griffin says he regrets not trading crypto sooner, although is still skeptical of its utility.
The SEC has been making moves to re-evaluate its approach to regulating crypto after years of a "regulation by enforcement" approach.
The prior rise in memecoin activity was driven by a pushback against the regulatory crackdown on utility token and NFT projects, they said.
Former Binance CEO Changpeng Zhao has unveiled his crypto investment portfolio including, BNB, BTC and stablecoins.
Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.
OX.FUN has been in a dispute with JefeDAO over a frozen $1 million deposit, with JefeDAO accusing the exchange of extortion.
The helmet of four-time world champion Formula One racer Max Verstappen will bear crypto exchange Gate.io's logo this season.
Arkham also offers USDT-based perpetuals trading, though that feature is off-limits for users from the United States.
Kraken and Crypto.com are among crypto exchanges developing their own stablecoins in response to the EU’s new regulatory framework, which is set to tighten oversight on third-party issuers, Bloomberg News reported on Feb. 21. The move comes as the Markets in Crypto-Assets (MiCA) regulation, which took effect in January, introduces stricter compliance measures for stablecoin […]
The post Kraken, Crypto.com among exchanges planning stablecoin launches in EU appeared first on CryptoSlate.
Ethereum security researchers hackers deployed malware and then forced the multisig holders to "blind sign" a malicious transaction.
The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets. According to the firm: “The incident occurred […]
The post ByBit suffers $1.5 billion Ethereum heist in cold wallet breach appeared first on CryptoSlate.
The makeover of the U.S. Securities and Exchange Commission appears to be well underway following news that the agency plans to dismiss its years-long case against Coinbase.
Sunil Kavuri, a representative of the FTX Creditors’ group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX’s user base. For […]
The post FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements appeared first on CryptoSlate.
Bybit Co-Founder and CEO Ben Zhao said all client withdrawals will be processed, even if they are under review, following the firm's $1.4 billion hack Friday morning.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bybit, the Singapore-based centralized crypto exchange, has been hacked, according to its CEO.
The potential dismissal would see an end to the alleged securities law violation lawsuit launched against Coinbase in 2023.
As the U.S. Congress works to regulate crypto, state lawmakers are increasingly forging ahead on bills that embrace crypto.
Kraken has disclosed a significant increase in data requests from law enforcement and regulatory agencies in 2024. According to its latest transparency report, the exchange received 6,826 requests, reflecting a 38.6% rise from the previous year. US lead requests Authorities in the United States submitted the largest share, 1,951 requests, representing 28.6% of the total. […]
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Coinbase CEO Brian Armstrong has warned against insider trading linked to memecoins, emphasizing that such activities are illegal and could lead to prison time. In a post on X on Feb. 19, Armstrong highlighted concerns over insider trading in the memecoin market. He cautioned that some traders had crossed legal boundaries, making it clear that […]
The post Coinbase CEO warns memecoins ‘gone too far’ amid insider trading and massive investor losses appeared first on CryptoSlate.
The launch allows users to access Deribit's options and futures trading features without pre-funding their strategies.
Coinbase Chief Policy Officer Faryar Shirzad called on the US Congress to pass clear crypto regulations, warning that continued inaction risks pushing innovation overseas and leaving American consumers unprotected. In a policy letter titled Why Congress Must Act: Clarity for Crypto and Consumer Protections, the exchange outlined the urgent need for legislative clarity in the […]
The post Coinbase urges Congress to act on crypto regulation or risk innovation exodus appeared first on CryptoSlate.
Binance.US has reinstated USD deposits and withdrawals for its US customers, marking a significant shift after months of operating as a crypto-only platform. The exchange announced on Feb. 19 that users can now deposit and withdraw US dollars without fees via bank transfers (ACH). The firm stated that the fiat services rollout begins today and […]
The post Binance.US restores USD access, aims for market resurgence amid SEC’s legal troubles appeared first on CryptoSlate.
Nigeria’s Federal Inland Revenue Service (FIRS) has taken legal action against Binance Holdings Limited, demanding over $81 billion in unpaid taxes and penalties. On Nov. 19, local media outlet Nairametrics reported that this claim includes $79.5 billion in economic damages and an additional N231 million ($153,223) tied to Binance’s operations. The tax authority also seeks […]
The post Nigeria demands $81 billion from Binance in unprecedented tax and penalty blitz appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Nigeria's tax authority Federal Inland Revenue Service (FIRS) also claimed Binance operated illegally within the country.