Exchanges

The demise of FTX, a popular cryptocurrency exchange, marked one of the most significant scandals in the financial sector. Following allegations of financial misconduct, FTX filed for Chapter 11 bankruptcy in November 2022. The fallout from this event has been drastic, affecting countless users and investors across the globe. Former CEO Sam Bankman-Fried’s claims of
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In 2024, cryptocurrency exchange Kraken has reported a striking surge in data requests from law enforcement and regulatory bodies, as highlighted in their recent transparency report. The total number of requests reached an impressive 6,826, showcasing a substantial 38.6% increase from the previous year. This data raises critical questions about the evolving relationship between cryptocurrency
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In a recent statement, Coinbase’s CEO Brian Armstrong issued a stark warning regarding insider trading associated with memecoins. This warning came amid rising concerns that certain traders are engaging in illegal activities within this speculative market. Armstrong’s post on social media platform X on February 19, 2023, clearly articulated the legal implications of these actions
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In a remarkable turnaround, Binance.US has announced the reopening of USD deposits and withdrawals for its users, a move that signifies a pivotal change in its service offerings after months of limitations. This development, reported on February 19, allows customers to transfer funds without incurring any fees through Automated Clearing House (ACH) transactions. The phased
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In a bold move that is sending shockwaves throughout the cryptocurrency community, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited. The case centers on allegations of over $81 billion in unpaid taxes and penalties related to the crypto exchange’s operations in the country. The specifics of this claim, as
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In the ever-evolving landscape of cryptocurrency, the advent of new scams poses an increasing threat to inexperienced and even seasoned users alike. Recently, Richard Teng, the CEO of Binance, has brought attention to a particularly insidious fraud known as the “share-seed-phrase” scam. This bogus scheme is carefully crafted to exploit users’ fears surrounding their financial
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The cryptocurrency market is known for its volatility and the rapid spread of information, both accurate and misleading. On February 17, Changpeng Zhao, commonly known as CZ, the founder and former CEO of Binance, firmly denied rumors suggesting that the leading cryptocurrency exchange was seeking a buyer. This speculation ignited discussions among crypto enthusiasts and
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The cryptocurrency landscape has witnessed a significant evolution, particularly in the trading dynamics of popular digital assets. Among these, XRP, the native token of the Ripple network, has recently emerged with remarkable momentum, particularly within U.S.-based exchanges. A recent report by Kaiko underscores a notable uptrend in XRP’s trading volumes, indicating a rising interest that
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