The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) represents a significant turning point in the world of cryptocurrency regulation. As both parties navigate the complexities of law and digital assets, recent developments indicate a clear stance from Ripple while the SEC continues to refine its arguments. In 2022, the
Exchanges
The collapse of FTX, once a prominent cryptocurrency exchange, has become one of the most notorious scandals in financial history. Founded by Sam Bankman-Fried, FTX was celebrated for its innovative trading tools and user-friendly interface, drawing in a strong user base. However, beneath this facade of success, the company engaged in questionable practices that ultimately
The crypto market continues to evolve, with Kraken making a significant stride by introducing its new product, kBTC, as of October 17th. This wrapped Bitcoin initiative aims to build upon the momentum of Bitcoin while catering to the growing demand for decentralized finance (DeFi) solutions. By creating an ERC-20 token fully backed by Bitcoin, Kraken
In a significant move for the cryptocurrency landscape, Kraken has announced its integration with EigenLayer, allowing users to restake their Ethereum (ETH) directly on the exchange. This development, outlined in a press release on October 15, marks a pivotal moment in enhancing accessibility to the restaking process, an otherwise complex feature traditionally limited to more
Binance, one of the leading cryptocurrency exchanges globally, is currently grappling with a significant legal predicament involving its executive, Tigran Gambaryan. Recently, an Abuja High Court in Nigeria denied his bail, highlighting procedural issues that have cast a shadow over his legal battle. The court’s ruling, which came on October 11, was rooted in the
Arkham Intelligence is gearing up for an ambitious launch as it prepares to unveil its own cryptocurrency derivatives exchange. Scheduled for next month, this development has the potential to shake up the market significantly. A recent report from Bloomberg News highlighted a growing interest in Arkham, and the news sparked a remarkable 12% increase in
South Korea’s Financial Services Commission (FSC) is taking significant steps toward scrutinizing Upbit, the preeminent cryptocurrency exchange in the nation. The inquiry is prompted by growing concerns over Upbit’s influence within the crypto market and its potential risks to the financial system. FSC Chairman Kim Byung-hwan has indicated that this investigation will focus on the
In 2016, Bitfinex, one of the leading cryptocurrency exchanges, experienced a significant security breach that resulted in the theft of around 120,000 BTC. This incident marked a pivotal moment in the cryptocurrency space, amplifying concerns regarding the security protocols of digital asset platforms. Fast-forward to recent governmental filings, which indicate that Bitfinex may be the
In a striking turn of events, the world of privacy tokens has faced an alarming wave of delistings from centralized exchanges, with a staggering total nearing 60 throughout the year, as reported by Kaiko. Notably, privacy-centric cryptocurrencies such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC) have been heavily
On October 7, 2023, the cryptocurrency landscape experienced a significant upheaval as Bitget’s native token, BGB, fell dramatically. The token, initially valued at $1.15, dropped to a low of $0.5344 in a shocking display of volatility that unfolded in a mere ten minutes. This abrupt decline caught traders off guard, instigating immediate concerns about the