Cryptocurrencies have gained significant popularity over the years, but their decentralized nature has also made them attractive to money launderers and financiers of terrorism. To combat these illicit activities, the Monetary Authority of Singapore (MAS) has introduced new regulations that Coinbase Singapore users must comply with. Starting from September 5th, users in Singapore will be
Exchanges
Coinbase, one of the leading cryptocurrency exchanges, has revealed its plans to launch an institutional lending service, as stated in regulatory filings and official announcements. This new service aims to allow institutional clients to lend their digital assets to Coinbase under standardized terms, complying with the Regulation D exemption requirements. Through this initiative, Coinbase seeks
Binance, one of the world’s largest cryptocurrency exchanges, recently confirmed that its head of product, Mayur Kamat, has left his role at the company. This news comes amidst a string of departures of top-level executives from the exchange, sparking speculations about Binance’s future. These developments, coupled with ongoing regulatory scrutiny, have led to concerns over
FTX, a collapsed cryptocurrency exchange, has recently moved nearly $10 million in altcoins from its cold wallet on Solana to Ethereum. The transactions, which involved prominent tokens such as LINK, SUSHI, LUNA, and YFI, were executed using the Wormhole Bridge. The motive behind these transfers remains unclear, leaving several questions unanswered. Is it linked to
The decentralized finance (DeFi) space has witnessed significant growth and innovation in recent years. One such development is the launch of GMX, a decentralized perpetual exchange offering swaps and leverage trading. GMX quickly gained traction in the DeFi community, demonstrating its potential as an effective Ethereum L2 scaling solution. In this article, we will critically
In recent developments, the founder of FTX, Samuel Bankman-Fried, is facing challenges in accessing crucial evidence against him, which his legal team argues is a violation of his constitutional rights. The attorneys contend that the proposed provision of an offline laptop and occasional internet access inside a courthouse cellblock is insufficient to review the extensive
U.S. prosecutors have recently responded to the complaints raised by Sam Bankman-Fried, the former CEO of FTX. In a filing on August 29, the prosecutors addressed the objections made by Bankman-Fried and his legal team regarding the government’s provision of discovery materials just before the trial. However, a critical analysis of the prosecutors’ response reveals
Robinhood, the popular trading platform, recently came under scrutiny when it was alleged that they hold over $3 billion worth of Bitcoin in a single address. This article delves into the details of this controversy and explores the implications it may have for Robinhood and its customers. According to a report by Arkham Intelligence, Robinhood
U.S. prosecutors have recently revealed an overwhelming amount of discovery documents in the ongoing case involving former FTX CEO Sam Bankman-Fried. This disclosure has raised concerns among Bankman-Fried’s legal team, who argue that the government’s actions are hindering their ability to adequately prepare for trial. The magnitude of the information provided and the lack of
Binance, one of the largest cryptocurrency exchanges in the world, has reportedly renamed sanctioned Russian banks on its peer-to-peer (P2P) platform to allow them to continue operations. According to local media RBC-Crypto, Binance changed the bank cards for Sber and Tinkoff to “green” and “yellow” local cards on its payment options for P2P trading. This