Crypto community members are criticizing The Wall Street Journal (WSJ) for publishing misleading information regarding Hamas’ cryptocurrency-related funding. The article, which claimed that Hamas had acquired $90 million in cryptocurrency for financing a surprise attack on Israel, has drawn significant attention from crypto skeptics and lawmakers alike. However, these accusations have been refuted by industry
Exchanges
Coinbase, a prominent U.S. cryptocurrency exchange, has made a momentous decision in selecting Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub. This strategic move is part of Coinbase’s Phase II expansion strategy, aimed at establishing a strong presence in international markets. MiCA, set to be enforced by the end of 2024,
Binance, the leading cryptocurrency exchange in terms of trading volume, has encountered significant challenges in recent times. The platform has witnessed a staggering $1 billion in net outflows within 24 hours, as reported by DeFillama CEX’s transparency dashboard. Moreover, amidst this financial turmoil, Binance has also experienced the high-profile departure of another top executive. This
Ethereum (ETH) co-founder Vitalik Buterin has been subject to recent speculations surrounding his ETH transactions. It has been suggested that Buterin has been dumping his digital assets, causing concern and speculation within the cryptocurrency community. However, Buterin has now come forward to dismiss these claims and provide clarity on his recent transactions. Buterin firmly stated
South Korean cryptocurrency exchange UPbit has achieved yet another milestone with its Singapore subsidiary, UPbit Singapore, receiving in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This approval allows UPbit Singapore to offer regulated Digital Payment Token Services while waiting for full approval. The granting of this license
In an exciting collaboration between the world of cryptocurrency and motorsport, Kraken, one of the leading cryptocurrency exchanges, has announced its partnership with the iconic Formula 1 team, Williams Racing. This groundbreaking alliance brings together two organizations renowned for their pioneering technology, with a shared vision for the future of finance and community engagement. As
Crypto investment firm Paradigm has recently filed an amicus brief in support of Binance’s move to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit against it. This move by Paradigm showcases the growing concern within the crypto industry about the potential regulatory overreach by the SEC and its impact on the development of crypto
The recent disclosure by Aditya Baradwaj, a former engineer at Alameda Research, sheds light on the lax security practices that ultimately led to substantial losses for the company. It appears that the founder, Sam Bankman-Fried (SBF), prioritized rapid growth over essential risk management protocols, resulting in significant challenges related to account reconciliation, trading safety measures,
The U.S. Securities and Exchange Commission (SEC) has found an ally in the North American Securities Administrators Association (NASAA) regarding their legal actions against Coinbase. The NASAA, a nonprofit association of securities regulators, expressed their support by stating that cryptocurrencies are not inherently fraudulent. However, they also acknowledged that the sector has become a breeding
The recent SBF trial took an unexpected turn when Alameda Research CEO, Caroline Ellison, testified and revealed shocking details about the fraudulent practices committed under the direction of Sam Bankman-Fried (SBF). Ellison confessed to diverting billions of dollars from FTX customer funds to pay off debt accumulated by Alameda Research. This revelation not only highlighted