After facing a devastating collapse due to financial mismanagement and subsequent bankruptcy, FTX, once a leading cryptocurrency exchange, seems to be on the verge of a possible revival. Recent reports from the Wall Street Journal suggest that three potential buyers have shown interest in acquiring FTX, signaling a glimmer of hope for the defunct exchange.
Exchanges
Gemini’s United Kingdom branch recently announced its decision to limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs). Effective from November 17th, this move comes as a response to the Travel Rule regulations that require VASPs to share comprehensive information about both the sender and receiver involved in
The U.S. Supreme Court has recently made an announcement that it will be reviewing a highly contentious case involving cryptocurrency exchange platform Coinbase. The issue at hand revolves around a dispute between Coinbase and its users over a Dogecoin sweepstakes. Central to the case is Coinbase’s attempt to shift the dispute from the public court
Coinbase, the renowned cryptocurrency exchange platform, has recently released its shareholder letter for the third quarter of 2023, revealing key financial figures and updates. The report highlights various aspects, including revenue, net revenue, trading volumes, and advancements in Coinbase’s three-pillar strategy. However, despite Coinbase’s achievements, there are areas that warrant critical analysis and consideration. Coinbase
Coinbase, one of the largest cryptocurrency exchanges in the United States, has announced a new development that will allow its retail traders to engage in futures trading. This move comes as part of its broader efforts to cater to the needs and preferences of its advanced users. By introducing futures contracts for cryptocurrencies like Bitcoin
The recent activities surrounding bankrupt FTX have sparked considerable interest within the cryptocurrency community. Blockchain analytics firm Nansen has reported that FTX wallets have seen a significant movement of digital assets, including Ethereum (ETH) and Solana (SOL), totaling approximately $156 million. This article delves into the details of these transactions and explores the implications for
The legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) has gained significant traction, as around 5,000 Coinbase users have signed up as potential amicus curiae. This development was revealed by pro-XRP lawyer John Deaton, who stated that he would file the amicus curiae brief on behalf of these users in the
Coinbase, the popular cryptocurrency exchange, has accused the U.S. Securities and Exchange Commission (SEC) of overstepping its boundaries in a recent court filing. In their argument, Coinbase claims that the SEC’s classification of crypto assets as securities falls outside of its jurisdiction. They further assert that the regulatory body is attempting to redefine the criteria
Binance, the world’s largest cryptocurrency exchange, has managed to maintain strong derivatives trading volume during U.S. trading hours, despite the ongoing legal battle with the Commodity Futures Trading Commission (CFTC). Despite initial setbacks caused by the lawsuit, Binance’s trading activity during these hours has actually increased in the six months following the legal action. Derivatives
The ongoing criminal trial of FTX founder Sam Bankman-Fried (SBF) has taken an interesting turn as his defense lawyers propose the inclusion of a financial expert witness in his defense. This article explores the significance of the proposed witness, Joseph Pimbley, and his potential impact on the case. In an effort to counter the testimonies