In a significant strategic move, cryptocurrency exchange Kraken has announced the acquisition of Coin Meester (BCM), one of the longest-standing registered crypto brokers in the Netherlands. This acquisition, revealed in a statement on September 24, aims to bolster Kraken’s foothold in the Dutch market and enhance its operational capacity through newly secured Virtual Asset Service
Exchanges
In a recent development that has sent ripples across the cryptocurrency landscape, BingX, a prominent crypto exchange, reported a minor asset loss following unauthorized transactions from one of its hot wallets. On September 20, Vivien Lin, BingX’s Chief Product Officer, revealed that the exact financial extent of these losses is still being assessed, while preliminary
The ongoing legal skirmish between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Coinbase has reached a critical juncture, with the SEC requesting a significant extension in the timeline for fact discovery in their contentious lawsuit. This request, which seeks an extension from October 18 to February 18, 2025, underlines not only the
In the evolving landscape of digital assets, regulatory clarity is paramount for fostering innovation and ensuring consumer protection. The Chief Legal Officer of Robinhood, Daniel Gallagher, has recently voiced concerns regarding the approach taken by the U.S. Securities and Exchange Commission (SEC) in its regulation of cryptocurrencies. During a House Financial Services Subcommittee hearing on
The ever-evolving landscape of cryptocurrency is fraught with its own set of challenges, especially in regions like India where regulatory frameworks are in flux. Recently, the Indian crypto exchange WazirX has been at the center of controversy following a significant hack that resulted in losses amounting to $235 million. This incident has not only shaken
The cryptocurrency landscape is rife with speculation and intrigue, but recent accusations against Coinbase have sparked significant debate among investors and analysts. On September 16, rumors proliferated on social media asserting that Coinbase was engaging in dubious practices regarding its management of BlackRock’s Bitcoin-related funds. Specifically, these allegations suggested that rather than acquiring actual Bitcoin
The saga surrounding Ryan Salame, a former executive of the notorious FTX cryptocurrency exchange, has taken a dramatic turn as new revelations of deceit and misrepresentation come to light. Salame, who previously entered a guilty plea pertaining to campaign finance and money-transmitting violations, has admitted to lying during his plea hearing, igniting valuable discussions about
Securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) is a significant achievement for Tokocrypto. This not only positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license but also demonstrates the company’s commitment to regulatory compliance. Binance’s full acquisition of Tokocrypto further strengthens the
Jameson Lopp, one of the co-founders of CasaHODL, recently raised a red flag about a new phishing scam targeting users of the popular cryptocurrency exchange Gemini. The scam involves a fake data breach notice that tricks users into transferring their funds to malicious actors. The scammers claim that Gemini has partnered with Trust Wallet to
In a recent development in Nigeria, the decision on the bail application for the detained Binance executive, Tigran Gambaryan, has been postponed until Oct. 9. This decision was made by Judge Emeka Nwite after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. The delay