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
Exchanges
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
Grant Thornton, a leading global auditor, recently conducted a thorough review of Liminal’s infrastructure after the hack on WazirX’s systems. This prompted Liminal to engage independent auditors to assess the security of its own platform. The audit reaffirmed that there were no compromises in Liminal’s systems during the incident. Assessment of Vulnerabilities The audit conducted
Coinbase, once a dominant force in the US crypto market, has experienced a significant decline in market share in recent months. According to a report by research firm Kaiko, Coinbase’s market share has dropped from 55% in March to 41% in early September. This decline has been accompanied by the rise of smaller exchanges such
In a recent development, a federal judge has denied Coinbase’s motion to dismiss a class action lawsuit filed by shareholders. The lawsuit alleges that the largest US crypto exchange misled investors about the risk of facing legal action from the SEC. US District Judge Brian Martinotti ruled in favor of the plaintiffs, stating that Coinbase