Recently, cryptocurrency exchange Coinbase took a bold stance against the US Securities and Exchange Commission’s (SEC) proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). The exchange submitted a detailed comment letter outlining its concerns and objections to the proposed rule, highlighting potential negative impacts on innovation and the broader crypto market.
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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
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
Recently, OKX CEO Star Xu issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer Tornado Cash. He highlighted that deposits from sanctioned entities, such as Garantex and Tornado Cash, or withdrawals to these entities could pose compliance risks and result in account suspension. Xu emphasized that OKX
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
Bitcoin whales have been making significant moves in the cryptocurrency market recently, with one particular whale accumulating almost $400 million worth of Bitcoin in just two days. This whale, identified as 12QVs…oN2qo, withdrew 5,800 BTC from Binance, signaling a strong belief in the potential for Bitcoin to see substantial gains in the near future. The
The enigma surrounding the true identity of Satoshi Nakamoto, the elusive founder of Bitcoin, continues to baffle the crypto world even after more than a decade since the inception of the pioneering cryptocurrency. Recent allegations made by Fox Television’s Tucker Carlson have stirred up a new wave of speculation, pointing the finger at an unexpected
In a recent discussion, Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, shared his experiences and thoughts on the evolution of digital asset regulation. Collaborating with CryptoSlate Senior Analyst James Van Straten, Garcia shed light on the hurdles and achievements encountered while shaping regulatory frameworks for digital assets.
The Solana network has recently experienced a significant milestone by outpacing Ethereum in monthly decentralized exchange (DEX) volume in July. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, exceeding Ethereum’s $53.8 billion for the same period. This surge in volume marks Solana’s second-highest monthly volume, following March 2024‘s peak of $60.7 billion. The
The latest data reveals an interesting shift in the world of cryptocurrency trading. Decentralized exchanges (DEXs) have seen a significant surge in trading volume, surpassing centralized exchanges (CEXs) for the first time in history. This trend was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time