The First District Court of Appeals in Florida has nullified an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a court filing on May 22. Earlier this year, Florida’s regulator banned Binance.US from serving its residents, citing “immediate danger” to the public as the reason for its decision. […]
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Officials reportedly contacted the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange to make updates and changes to existing spot Ether ETF applications.
Coinbase said it resumed operations after a system-wide outage that impacted its website, mobile, and API for over three hours. However, several customers of the crypto trading platform on social media claimed this was false as they could still not withdraw their funds. One X user, Nigel Dias, revealed that he attempted to send his crypto […]
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Bitfinex Chief Technology Officer Paolo Ardoino has debunked rumors that the crypto exchange suffered a database exploit recently. Over the weekend, several reports suggested a potential database leak comprising 22,500 records of emails and passwords allegedly from Bitfinex users. However, Ardoino opined that the purported breach was likely fake, stating that only a small percentage […]
The post Bitfinex CTO dismisses rumors of major database breach, suggests misinformation by hackers appeared first on CryptoSlate.
Six Coinbase customers filed a new class-action lawsuit against crypto exchange Coinbase Global, two subsidiaries — Coinbase, Inc. and Coinbase Asset Management, LLC. — and its CEO, Brian Armstrong, on May 5. The lawsuit alleges that the digital assets listed on Coinbase are securities. This includes Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), […]
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Coinbase reported revenues of $1.64 billion during the first quarter, surpassing the expected $1.34 billion amount. The surge in revenue comes amid a robust Bitcoin rally that has significantly impacted the crypto market. The company’s earnings stood at $4.40 per share, a substantial improvement from the $1.09 average analyst estimate, though differences in accounting methods […]
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Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I will remain a passive investor (and holder) in crypto. Our industry has entered a new […]
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Binance dominated the Q1 centralized exchange market with a 49.7% share and a massive surge in trading volume, outperforming competitors.
The post Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko appeared first on Crypto Briefing.
FTX creditors have been urged to participate in the defunct exchange’s bankruptcy estate’s planned auction of its remaining Solana token holdings. On April 20, Figure CEO Mike Cagney revealed that the next round of FTX’s locked Solana token sales would be via auction, compared to previous ones sold directly to venture capital firms like Galaxy […]
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The Woo X RWA Earn Vaults have been built in partnership with institutional tokenization firm OpenTrade.
With Bitcoin gearing up for its next deflationary jolt, here are some initiatives aimed at fostering a deeper understanding of the digital currency and its ecosystem.
The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18. Arkham Intelligence’s dashboard showed that the transferred assets from the FTT Treasury wallet include 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million. […]
The post FTX empties FTT treasury wallet, transferring assets worth over $250 million appeared first on CryptoSlate.
A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC […]
The post Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report appeared first on CryptoSlate.
Embattled crypto platform Binance.US told CryptoSlate it appointed Martin C. Grant, a former New York Federal Reserve Bank Compliance Chief, to its Board to improve compliance efforts and restore users’ trust in its services. The crypto trading platform has faced extensive regulatory scrutiny due to its ties with the global Binance exchange, which entered into […]
The post Binance.US appoints ex-New York Fed chief as board director to boost compliance efforts appeared first on CryptoSlate.
US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures following Bankman-Fried’s recent 25-year […]
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Jirayut Srupsrisopa said earlier this month that an IPO was planned for next year.
Trading activity on the Uniswap decentralized exchange dipped by almost 10% the past day after the US Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, the entity behind it. Data from DeFillama shows that Uniswap’s facilitated trades worth $2.7 billion across several blockchain networks, including Ethereum, Arbitrum, Coinbase-backed Base, and others. […]
The post Uniswap trading dips 10% following SEC Wells notice, UNI token hits multi-week low appeared first on CryptoSlate.
The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla, who is currently on the run, as reported by local media outlet Punch. Meanwhile, Binance has urged the Nigerian authorities to release its other executive, Tigran Gambaryan, currently within their hold. The firm said: “Binance […]
The post Nigeria and Interpol collaborate to extradite Binance executive amid money laundering charges appeared first on CryptoSlate.
The financial loss comes days after reports of Bithumb facing potential internal issues that led to the delay of its planned IPO.
What appears to be another post-FTX trading and custody play with institutions in mind, is really all about visionary disruption.
U.S. investors now have access to regulated bitcoin ETFs that provide the same protections as buying stocks and reduce the incentive to move to unregulated offshore exchanges, the report said.
Despite tightening regulatory measures, the exchange has been growing its South Korean presence for years.
Crypto.com is launching a crypto trading platform in South Korea after its acquisition of OK-BIT, a local crypto exchange.
Patrick Donegan, whose LinkedIn profile says he managed a team of 300 people around the world, was at OKX from August 2023 to January 2024.
The $322,000 “goodwill” settlement with MFSA related to OKX’s Okcoin Europe subsidiary.
Binance confirmed to CryptoSlate that Nadeem Anjarwalla, one of its executives detained by the Nigerian authorities, has escaped custody. A Binance spokesperson said: “We were made aware that Nadeem is no longer in Nigerian custody. Our primary focus remains on the safety of our employees and we are working collaboratively with Nigerian authorities to quickly […]
The post Detained Binance executive escapes from Nigerian custody amid tax evasion charges appeared first on CryptoSlate.
Recent EU anti-money laundering regulations (AMLR) have sparked a heated debate about balancing combating financial crime and preserving citizens’ rights to privacy and economic freedom. The new laws, approved by most of the EU Parliament’s lead committees, have drawn criticism and support from various stakeholders. Following an article from Finbold on March 22, originally titled […]
The post Why anonymous crypto wallets are NOT being banned in the EU appeared first on CryptoSlate.
Asset management firm BlackRock selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to BlackRock: “BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month. The Fund invests 100% […]
The post Memecoin donations pour in for BlackRock $100 million token fund partnered with Coinbase appeared first on CryptoSlate.
Crypto exchange OKX is reportedly delisting Tether (USDT) pairs in the EU and will only support USDC and euro-based pairs, according to a message sent to a customer on March 18. The move comes days after the EU released draft technical standards related to stablecoins, which are set to come into effect from June. USDT […]
The post OKX removes USDT pairs in Europe as new stablecoin regulations loom appeared first on CryptoSlate.
Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement, the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. Over the past weeks, Binance and the Nigerian authorities have been […]
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