The legal struggle between the US Securities and Exchange Commission (SEC) and Coinbase has gained significant attention as the SEC has officially sought a four-month extension for fact discovery in their ongoing lawsuit against the cryptocurrency exchange. This appeal, articulated in a letter to Judge Katherine Polk Failla on September 18, seeks to push back
Exchanges
In a bold move to reshape the European cryptocurrency landscape, the Swiss stock exchange SIX is preparing to unveil a new crypto trading platform aimed primarily at institutional investors. The initiative comes at a time when the legitimacy of digital assets is becoming increasingly recognized, positioning SIX not just as another trader but as a
In a recent statement issued on September 17, Binance has firmly distanced itself from the troubles facing the Indian crypto exchange, WazirX. The ongoing saga surrounding WazirX, particularly following a significant hack that resulted in the theft of approximately $235 million in July, has seen WazirX co-founder Nischal Shetty making assertions that seem to implicate
Changpeng Zhao, the co-founder of Binance, has become a pivotal figure in the world of cryptocurrency, but his journey has not been without its share of turbulence. Recently announced to be released from US custody on September 29, Zhao’s legal woes began in earnest in November when he, along with Binance, conceded guilt to violating
Sam Bankman-Fried (SBF), the co-founder of the now-defunct cryptocurrency exchange FTX, has ignited a vigorous legal contestation following his conviction on multiple counts of fraud and conspiracy. With a 25-year prison sentence looming over him, SBF has embarked on an appeal that underscores the contentious nature of his trial and the complexity of legal proceedings
The recent legal troubles of former FTX executive Ryan Salame serve as a cautionary tale within the realm of finance and law. Initially facing charges in the fallout of one of the most notorious corporate collapses, Salame’s journey took a turbulent turn following his guilty plea on campaign financing and money-transmitting violations. His case has
Recently, Jameson Lopp, co-founder of CasaHODL, raised the alarm about a new phishing scam specifically targeting Gemini users. This scam involves a fake data breach notice that tricks users into transferring their funds to malicious actors. The scammers claim that Gemini is partnering with Trust Wallet to protect users’ funds after a supposed security breach
In the wake of the recent hack on WazirX, leading global auditor Grant Thornton conducted a thorough review of Liminal’s infrastructure to confirm its security. The audit encompassed an examination of all aspects of Liminal’s platform, including the frontend, backend, and user interface (UI). The results of the audit provided assurance that Liminal’s systems were
Coinbase, once a dominant force in the US crypto market, has recently experienced a significant decline in its market share. According to research firm Kaiko, Coinbase’s share dropped from almost 55% in March to 41% in early September. This decline has allowed smaller exchanges like Bullish to gain ground, with its market share nearly doubling
The recent decision by a Nigerian court to postpone the ruling on the bail application for Binance executive Tigran Gambaryan until Oct. 9 has raised significant concerns within the crypto community. Despite Gambaryan’s lawyer, Mark Mordi, submitting a new bail application citing medical reasons and the deteriorating health conditions of his client, the prosecuting counsel,