In a recent court filing reported by Bloomberg on September 16, it was revealed that NFL quarterback Trevor Lawrence, alongside influential YouTube personalities Kevin Paffrath and Tom Nash, has agreed to settle a lawsuit relating to their endorsement of the now-defunct FTX cryptocurrency exchange. The terms of the settlement, however, remain undisclosed. This development marks
Exchanges
In a shocking turn of events, JPEX cryptocurrency exchange has found itself at the center of a storm of complaints and investigations. As of Friday, at least 83 complaints have been lodged with the Hong Kong police, involving cryptocurrencies worth a staggering $4.3 million. This development comes after the Hong Kong Securities and Futures Commission
The world of cryptocurrency has been an unpredictable landscape, marred by fluctuating volumes and regulatory challenges. Amidst this chaos, one exchange has managed to weather the storm better than others – Coinbase. Unlike its counterpart, Binance, which experienced a drastic drop in trading volume due to internal and regulatory issues, Coinbase has emerged relatively unscathed,
Genesis, a leading digital asset trading company, has recently announced its decision to close all of its services. According to a spokesperson from Genesis, this includes the termination of digital asset spot and derivatives trading through GGC International, Ltd. (GGCI). This surprising move comes after Genesis had already announced the shutdown of its over-the-counter (OTC)
Binance US, the embattled cryptocurrency exchange, has recently been hit with yet another blow as its CEO, Brian Shroder, has stepped down from his position. This development comes in the midst of a significant reduction in the company’s workforce, with approximately one-third of its employees being laid off. These latest events have prompted speculation that
CoinEx, a prominent cryptocurrency exchange, recently fell victim to a security breach. The incident, which involved unauthorized transactions, has raised concerns about the safety of users’ funds. In this article, we will delve into the details of the breach, its impact on CoinEx, and the measures taken by the exchange to mitigate the situation. On
In a stunning example of an avoidable mistake, a Bitcoin user recently spent a mind-boggling amount in transaction fees for a transfer that was worth a mere fraction of the paid fees. This incident has set a new record for the highest transaction fee ever recorded on the Bitcoin network. Let’s delve into the details
Coinbase, one of the leading cryptocurrency exchanges, has recently increased its interest rate on USDC (USD Coin) deposits to a remarkable 5%. This marks an impressive 150% increase from the previous 2% reward rate. The move comes after the US Securities and Exchange Commission’s (SEC) clarification that stablecoins like USDC are not considered unregistered securities
Leading cryptocurrency exchange Binance recently announced its decision to discontinue support for non-fungible tokens (NFTs) starting on September 9th. Furthermore, support for all Polygon-based NFTs will cease on September 26th. Users have been advised to withdraw their Polygon NFTs by December 31st. After September 26th, users will no longer be able to purchase Polygon NFTs,
Coinbase, one of the largest cryptocurrency exchanges in the United States, has been facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) since June 6. In the midst of this legal battle, top executives at Coinbase have sold more than $30 million worth of company shares, raising questions and concerns within the crypto