Australia’s Securities and Investments Commission (ASIC) recently made headlines by filing a lawsuit against the Australia Securities Exchange (ASX) Ltd. The lawsuit alleges that ASX made misleading statements about its blockchain trade settlement project. According to ASIC’s statement, ASX falsely claimed in February 2022 that the project was “on track” for an April 2023 launch
Exchanges
Following the recent $235 million hack on Indian crypto exchange WazirX, the exchange has decided to terminate its asset custody arrangement with Liminal. In an effort to enhance the security of its remaining assets after the breach, WazirX announced on Aug. 14 that it would be moving its assets from Liminal to new multi-signature (multi-sig)
A recent ruling by a US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the American arm of the prominent global exchange Binance. The lawsuit, filed by plaintiff Ryan Cox, revolves around allegations of price manipulation of the Hex token by both Binance.US and CoinMarketCap. Cox claimed that in 2020,
The recent turmoil in Venezuela following controversial presidential election results has led to restrictions on access to the Binance website by the Venezuelan government. Binance, one of the largest cryptocurrency exchanges globally, confirmed on August 10 that their website, along with several other companies’ websites in Venezuela, faced access restrictions. This has raised concerns among
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed’s move comes after allegations that the bank violated several financial regulations, including the Bank Secrecy Act and Anti-Money Laundering laws, due to its involvement with digital assets. Operation Chokepoint 2.0 Resurfaces Tyler Winklevoss
Coinbase, a leading cryptocurrency exchange platform, has taken a stand against the US Commodities Futures Trading Commission’s (CFTC) proposal that could have implications for prediction markets such as Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, has raised concerns about the proposal’s vague definition of “gaming” and its assertion that contracts related to prediction
BTSE recently made headlines with the announcement of BTSE Dex 2.0, a groundbreaking update that brings cross-compatibility for Ethereum Virtual Machine-based chains. This update allows traders to access over 50 perpetual futures on various networks, including Base, Optimism, and Arbitrum. One of the key features of BTSE Dex 2.0 is its integration with Orderly Network’s
In response to a $230 million cyberattack that disrupted its operations on July 18, WazirX has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision is an attempt to provide equitable treatment to all users affected by the incident. Following feedback from affected users,
In a recent revelation, Binance CEO Richard Teng shared that the exchange experienced record inflows and one of its highest trading volumes this year. Teng reported a net inflow of $1.2 billion in the past 24 hours, based on DefiLlama’s CEX Transparency metrics. According to data from DeFillama, Binance’s inflows had reached over $2 billion
Recently, there have been allegations against cryptocurrency exchange Coinbase regarding potential violations of campaign finance laws. Crypto researcher Molly White claimed that Coinbase’s $25 million donation to Fairshake, a crypto Super PAC, may have breached campaign finance rules. This donation coincided with Coinbase being in negotiations for a federal government contract with the US Marshals