Nigeria’s Patricia Exchange CEO debunks closure rumors
[May 2, 2024 1:25 AM] Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved.
4 / 17 Relevant items tagged with #CryptoExchange
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Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days
[Apr 28, 2024 2:39 AM] The Naira recently depreciated by 12% in just seven days, thus shedding all the gains it made against the U.S. dollar in early April. Local media reports attribute the volatile naira’s latest drop to the growing mismatch between the supply and…
CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
[Mar 27, 2024 6:30 PM] The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern…
Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets
[Mar 27, 2024 10:35 AM] New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On…
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
[Mar 26, 2024 10:16 AM] The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering…
Revolut to Introduce Crypto Exchange Targeting 'Advanced Traders'
[Feb 16, 2024 9:43 AM] Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk.
DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX
[Feb 3, 2024 11:30 PM] The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam…
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
[Feb 2, 2024 3:30 PM] The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26…
Crypto Exchange Predicts 1000x Returns On XRP Price With Ambitious Rise To $594
[Jan 29, 2024 11:00 AM] Crypto exchange Changelly has laid out an all-encompassing price prediction for XRP. As part of this prediction, the platform stated that the crypto token would rise to as high as $594 and gave a definite timeline for when this would happen. When…
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
[Jan 21, 2024 3:00 AM] The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam…
Woo Raises $9M to Boost Liquidity of WOO X Exchange
[Jan 18, 2024 2:47 AM] Participants in the raise include Wintermute and Amber, in addition to other notable liquidity providers.
Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows
[Jan 17, 2024 8:00 PM] CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more. Among the…
Crypto Exchange Bitget Reveals Mandatory KYC Policy With Incentives for Early Compliance
[Dec 14, 2023 9:00 AM] On Thursday, the crypto exchange Bitget, headquartered in Seychelles, announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements are set to take effect on December 15, 2023…
Okx Dex Falls Victim to $2.7M Cyber Heist, Arkham Confirms
[Dec 13, 2023 9:30 AM] Numerous reports reveal that a security breach at Okx’s decentralized exchange (dex) platform resulted in financial damages estimated at $2.7 million, as confirmed by the onchain intelligence firm Arkham. Crypto Platform Okx Dex Hit by $2.7…
Crypto exchange liquidity, explained
[Dec 13, 2023 7:45 AM] Crypto exchange liquidity hinges on market depth and incentivized trading to ensure robust and stable trading environments.
New York AG Secures $22 Million Settlement From Kucoin for Unregistered Trading Activities
[Dec 12, 2023 2:00 PM] In a recent legal development, New York Attorney General Letitia James has successfully obtained over $22 million from Kucoin, a well known crypto trading platform. This settlement arises from Kucoin’s alleged failure to register as a…
Judge Greenlights Plea Deal in High-Profile Binance Case; CZ Faces Sentencing in 2024
[Dec 7, 2023 12:30 AM] A U.S. federal judge has endorsed the plea deal agreed upon between the U.S. government and Changpeng Zhao, the founder of Binance, widely known as “CZ.” Judge Richard Jones approved the plea in a recent court document, setting the sentencing for…
Study: Less Than 5% of South Africa-Based Crypto Asset Providers Generate Revenues Exceeding $8 Million
[Dec 3, 2023 4:30 AM] Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $8 million and $10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn…
Hacker Demands Full Control Over Kyber in Wake of $47M Breach, Offers Executives Buyout and Staff Severance
Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly Negotiations
[Nov 30, 2023 12:30 AM] In the wake of Kyberswap, a decentralized exchange (dex) platform, suffering a $47 million loss due to a cyberattack, the perpetrator indicated a readiness to engage in negotiations. Yet, despite expressing an openness to resolution, the hacker…
Whale’s Move: $19.5 Million XRP Shifted To Exchange, Massive Sell Off On The Horizon?
[Nov 29, 2023 2:00 PM] Whale Alert, a renowned blockchain tracker, reported a substantial transfer of XRP tokens to the Bithumb crypto exchange. This transfer, involving over 32 million XRP tokens valued at roughly $19.5 million, originated from an unidentified wallet…
CZ Resigns as Chairman of Binance US, Signaling Strategic Shift
[Nov 28, 2023 12:30 PM] On Tuesday, Binance US, the American branch of Binance.com, revealed that Changpeng Zhao (CZ), its former CEO, has relinquished his position as chairman of the board with immediate effect. The announcement emphasized that Binance US is fully…
Crypto exchange HTX reinstates Bitcoin services after $30M hack
[Nov 26, 2023 7:14 PM] Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week.
Court Upholds Detention of Ex-FTX CEO Sam Bankman-Fried, Deeming Release Arguments ‘Unpersuasive’
US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns
Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement
[Nov 22, 2023 1:00 PM] On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with…
Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends
[Nov 22, 2023 10:00 AM] A new era for the crypto industry approaches as the world’s largest exchange, Binance, changes leadership. Yesterday, the company’s founder and CEO, Changpeng “CZ” Zhao, stepped down as part of an agreement with the US government. The deal might
Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users’ Data
[Nov 17, 2023 5:30 PM] The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their…
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
[Nov 17, 2023 3:00 AM] Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20…
Singapore High Court Mandates Hodlnaut Liquidation, Sets Stage for 17,000 Customer Reimbursements
[Nov 14, 2023 3:30 AM] In a dramatic culmination to a turbulent period for Hodlnaut, the Singapore High Court has ordered the crypto lender’s liquidation, tasked with the daunting goal of reimbursing its 17,000 customers. The judicial decree follows…