In an ambitious move aimed at reshaping the financial landscape, Crypto.com has recently launched the option for users in the United States to trade stocks and exchange-traded funds (ETFs) directly on its platform. Announced on January 3, this significant development allows users to manage their investments in both securities and cryptocurrencies seamlessly through the Crypto.com
Exchanges
The cryptocurrency landscape has dramatically shifted in recent years, influenced not only by market dynamics but also by regulatory scrutiny. Recently, revelations from Coinbase’s chief legal officer, Paul Grewal, have underscored the tension between cryptocurrency advocates and financial regulators. Unredacted letters from the Federal Deposit Insurance Corporation (FDIC) indicate that the agency has undertaken measures
The tumultuous journey of FTX, once one of the most prominent cryptocurrency exchanges, is set for a fresh start with the announcement that its reorganization plan will officially take effect on January 3, 2025. This critical date marks the pivot point for the relief of creditors, as the company has pledged to commence distributions within
In a notable development within the crypto industry, Celsius Network has lodged a notice of appeal against Judge John Dorsey’s ruling, which rejected the company’s $2 billion disparagement claim against the now-defunct FTX exchange. This legal battle, set for review in the District Court, underlines the tumultuous landscape faced by cryptocurrency firms, especially in the
In an impressive stride towards solidifying its presence in Latin America, Binance, the world’s foremost cryptocurrency exchange by trading volume, has recently received accreditation from the Central Bank of Brazil to acquire Sim;paul, a licensed brokerage firm. This development, announced on January 2, signifies Binance as the first cryptocurrency exchange in Brazil to obtain such
The Malaysian Securities Commission (SC) has initiated a significant regulatory intervention against Bybit, a prominent cryptocurrency exchange, and its CEO, Ben Zhou. This action underscores the nation’s commitment to a robust framework governing digital asset exchanges (DAX). Failure by Bybit to acquire the necessary authorization to operate legally within Malaysia has led to the enforcement
Bitget Wallet is set to revolutionize the way users handle gas payments within the blockchain ecosystem with the introduction of its GetGas feature, which is slated to launch in January 2025. The initiative will enable users to utilize the native BGB token alongside stablecoins like USDT and USDC for gas payments across various blockchains, including
In a significant legal development, US authorities have officially dismissed Sam Bankman-Fried’s appeal to overturn his conviction and sentencing directly connected to the collapse of his cryptocurrency exchange, FTX. This decision, outlined in a recent court filing, explicitly states that Bankman-Fried’s claims lack merit, reinforcing the integrity of the original jury’s verdict. As the founder
WazirX, one of India’s leading cryptocurrency exchanges, is currently facing significant turbulence following a Delhi High Court ruling that demands a renewed investigation into the platform’s operations. This ruling aligns with Binance’s decision to delist WazirX’s native token, WRX, casting a shadow over the exchange’s future. The complications arise from allegations related to a reported
In a significant legal maneuver, the Australian Securities and Investment Commission (ASIC) has initiated a lawsuit against Oztures Trading Ltd, which operates Binance Australia Derivatives. The focus of this legal challenge centers on the improper categorization of clients, a serious violation with far-reaching implications for consumer protection. ASIC’s assertion indicates that over 500 retail investors