A former executive at Binance, a leading cryptocurrency exchange, has triggered a controversy by alleging that her dismissal was a direct response to her whistleblowing on a serious bribery incident involving a colleague. Reports surfaced on November 28, detailing Amrita Srivastava’s claims after she raised alarms about questionable dealings related to the company’s Link platform.
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As the landscape of digital assets continues to evolve at a breakneck pace, the United Kingdom has announced an ambitious plan to develop a robust regulatory framework for cryptocurrencies, scheduled for unveiling in early 2025. This decision follows significant discussions and feedback within the industry, reflecting a growing recognition of the need for oversight that
The evolution of the cryptocurrency landscape has highlighted the pressing need for a robust regulatory framework in the United States. As the Blockchain Association recently communicated to President-elect Donald Trump, immediate actions within his first 100 days are crucial to invigorate the U.S. crypto industry, which has faced numerous hurdles under existing regulations. This article
Aayush Jindal emerged from humble beginnings, revealing a remarkable affinity for deciphering intricate systems from an early age. His passion for understanding the financial world was not a mere whim; it was an innate capability that set the foundation for an illustrious career spanning over 15 years. This inclination towards market dynamics propelled him into
Binance, recognized as the largest cryptocurrency exchange worldwide, has recently announced that it has surpassed 240 million users as of November 22, 2023. This impressive statistic reflects a massive increase of 70 million users over the past year, climbing from 170 million at the end of 2022. Such a user base positions Binance as not
In 2019, the Upbit exchange experienced one of the most significant cyberattacks in the cryptocurrency realm, resulting in the theft of 342,000 Ethereum (ETH). This brazen heist, connected to North Korean hacker groups Lazarus and Andariel, exposed vulnerabilities in the security infrastructure of cryptocurrency platforms. As the dust settles years later, South Korean authorities have
In a significant development within the cryptocurrency arena, Binance has unveiled a new yield-bearing stablecoin named BFUSD, specifically tailored for futures and perpetual traders. Announced on November 18, this stablecoin aims to reshape the trading experience by offering an enticing annual percentage yield (APY) of approximately 19.55%. This yield enables users to earn rewards daily
The cryptocurrency landscape is evolving rapidly, with various entities vying for significant market share. One of the most notable developments is President-elect Donald Trump’s media firm, Trump Media and Technology Group (TMTG), reportedly negotiating an acquisition of Bakkt, the crypto trading platform owned by Intercontinental Exchange (ICE). This strategic move highlights the intertwining of media
In a recent advisory, the Hong Kong Monetary Authority (HKMA) has issued a stern warning to residents regarding foreign cryptocurrency firms that are masquerading as banks. This notice, released on November 15, highlights a troubling trend whereby certain overseas entities are fabricating their identity in an attempt to engender trust among potential customers in Hong
In the evolving realm of cryptocurrency, regulatory compliance is crucial to ensuring safe and secure financial environments. Recently, the South Korean government uncovered alarming Know-Your-Customer (KYC) violations linked to Upbit, the nation’s largest cryptocurrency exchange. These findings signal not just specific issues with Upbit, but also wider implications for the cryptocurrency regulatory environment in South