Binance, one of the world’s leading cryptocurrency exchanges, has recently announced Eleanor Hughes as its new general counsel. Hughes, who initially joined Binance in November 2021 and later became the head of legal for the APAC and MENA regions, has played a pivotal role in securing operational licenses for the exchange in various jurisdictions. With
Exchanges
The recent data from Cathiesark reveals that Ark Invest Management sold 135,152 Coinbase shares for $12 million on July 11. This transaction took place at a time when Coinbase stock was experiencing a rally, reaching a one-year high of $90. This surge continued the positive performance trend that Coinbase had been displaying recently. Notably, over
Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently trading at an 8% discount on Binance.US, attributed to liquidity issues caused by a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). This situation has resulted in BTC trading at $27,705.59 on Binance.US, which is around $3000 less than its value
Crypto.com, a leading cryptocurrency platform, finds itself entangled in a legal battle after an erroneous $50,000 transaction and subsequent additional funds of over $26,000 were mistakenly deposited into a user’s account. The case centers around James Deutero McJunkins Jr., a Georgia resident and Crypto.com user who received the erroneous deposit on June 24, 2022. Upon
The crypto industry has become a breeding ground for hackers and malicious actors, with staggering losses exceeding $30 billion since 2012, according to research by blockchain security firm SlowMist. This article delves into the various dimensions of crypto hacking, revealing the targets, tactics, and amount of money stolen by hackers. One of the most prominent
Binance, one of the leading cryptocurrency exchanges, has faced numerous regulatory challenges in different jurisdictions throughout June. These challenges appear to have had a considerable impact on users’ crypto assets. According to Binance’s latest proof of reserve snapshot taken on July 1, users’ Bitcoin deposits decreased by 3.5% from 614,800 BTC recorded on June 1
In a recent development, the Commodity Futures Trading Commission (CFTC) investigators have uncovered violations of US regulations by crypto lending platform Celsius Network. These violations have also implicated the firm’s former CEO, Alex Mashinsky, potentially leading to legal proceedings against both Celsius and Mashinsky. Allegations of Misleading Investors and Regulatory Breaches Under Mashinsky’s leadership, investigators
The cryptocurrency world witnessed its fair share of drama when Cameron Winklevoss, the co-founder of the Gemini cryptocurrency exchange, publicly issued an ultimatum to Barry Silbert, the CEO of the Digital Currency Group (DCG). Their clash dates back to nearly eight months ago when DCG holding company Genesis faced a series of setbacks, including halting
Seychelles-based crypto exchange Bitget has made waves in the industry with its recent announcement of the launch of its cryptocurrency lending product. The newly introduced Crypto Loans service aims to revolutionize the lending landscape by providing users with a unique opportunity to stake coins with low demand in exchange for more liquid assets. Unlike traditional
Binance, one of the world’s largest cryptocurrency exchanges, has seen its spot trading volume decrease by nearly 70% during the second quarter of this year. This significant decline in trading activity can be attributed to several factors, including the reintroduction of fees for its most liquid Bitcoin (BTC) pairs. Previously, Binance offered zero-fee trading for