Sony Group, a prominent conglomerate based in Japan, has made a significant move by announcing the acquisition of Amber Japan and its WhaleFin exchange. This acquisition marks Sony’s entry into the world of cryptocurrency exchanges, with plans to rebrand WhaleFin as S.BLOX Co. As part of this partnership, Sony aims to revamp the exchange’s user
Exchanges
Recently, Kraken founder Jesse Powell made headlines by donating $1 million, primarily in Ethereum, to support former President Donald Trump’s re-election bid. Powell justified his donation by stating that it was essential for the US to maintain its leadership in blockchain technology. He expressed his excitement in rallying behind the only pro-crypto major party candidate
A US bankruptcy court has given FTX the green light to seek votes on a liquidation plan that would pay customer claims in cash. This plan, approved despite objections from customers seeking higher payments due to the rise in crypto prices, would base payouts on prices at the time of FTX’s collapse in November 2022.
A federal judge in California has indicated that he is likely to allow the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken to proceed. This decision casts doubt on Kraken’s attempts to have the case dismissed. The judge explained that it is plausible that the digital assets offered on the platform could be considered
Binance, the leading cryptocurrency exchange in the world, is currently grappling with escalating regulatory issues in various countries, including India, Canada, and the United States. In a recent development, India’s Financial Intelligence Unit (FIU) imposed a hefty fine of 188.2 million Indian Rupees (approximately $2.2 million) on Binance for failing to comply with the country’s
When it comes to traveling with cryptocurrency, one of the most crucial aspects is safeguarding your digital wallet. It is essential to ensure that your crypto holdings are secure and protected at all times. Utilize time-tested strategies such as using secure wallets and implementing multi-factor authentication to prevent unauthorized access to your funds. When accessing
After an in-depth investigation by blockchain security firm CertiK, a critical vulnerability was discovered in the deposit system of the popular crypto exchange Kraken. This vulnerability allowed for the manipulation of deposit transactions, resulting in the unauthorized withdrawal of funds. Following the discovery of the vulnerability, CertiK claims that Kraken attempted to extort the security
A federal high court in Nigeria has recently dismissed a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. This decision was made due to Anjarwalla’s lack of legal representation. Legal experts had predicted this outcome, especially since Anjarwalla had previously escaped
In a recent incident, renowned crypto exchange Kraken fell victim to the unethical actions of a rogue security research company. The company reportedly discovered a critical bug in Kraken’s funding system, allowing them to exploit the flaw and withdraw nearly $3 million in digital assets from the platform. Kraken’s Chief Security Officer, Nick Percoco, detailed
Brazil’s Special Department of Federal Revenue has announced new measures to ensure that foreign crypto exchanges are compliant with local regulations. This move signals the government’s commitment to regulating the booming cryptocurrency market within its borders. Unlike local exchanges in Brazil, foreign companies have not been required to report their transactions. This lack of transparency