The downfall of FTX, once a towering giant within the cryptocurrency landscape, sent shockwaves through the financial world, exposing significant vulnerabilities in the industry. As investigations unfolded, the role of various executives came under scrutiny, most notably that of Nishad Singh, a former executive at the beleaguered exchange. With myriad legal troubles stemming from the
Exchanges
In a notable turn of events, the Nigerian government has withdrawn all charges against Tigran Gambaryan, an executive at Binance Holdings, after nearly eight months of detention. Gambaryan was arrested in February 2024 upon his arrival in Nigeria, where he was on a business trip intended to engage with government officials regarding issues of foreign
In an era where clarity in regulations is crucial for the burgeoning cryptocurrency industry, Coinbase has taken a bold step forward by filing two significant Freedom of Information Act (FOIA) requests. On October 18, 2023, the exchange directed its inquiries to key federal bodies including the Federal Deposit Insurance Corporation (FDIC), aiming to dissect and
In the cryptocurrency world, few events have echoed as loudly as the collapse of the FTX exchange. Once hailed as a beacon of innovation in digital finance, FTX plummeted from grace, leaving a trail of devastation for investors and confidence in the cryptocurrency sector. Central to this downfall are key figures like Nishad Singh, the
The ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to take unexpected turns, particularly with the SEC’s recent filing of a Civil Appeal Pre-argument statement. This document signifies the commission’s intent to contest certain aspects of a prior ruling that has significant implications for Ripple and the broader
On October 17, Kraken made waves in the cryptocurrency arena by launching its new wrapped Bitcoin (wBTC) product known as kBTC. This innovative ERC-20 token is designed to capitalize on the rapidly growing demand for wrapped Bitcoin, a market currently dominated by BitGo’s Wrapped Bitcoin (WBTC). Kraken’s entry not only denotes an expansion of its
In a significant move to enhance the accessibility of cryptocurrency staking, Kraken Exchange has revealed its integration with EigenLayer, a protocol designed to facilitate restaking of Ethereum (ETH). Announced on October 15, this partnership is expected to democratize restaking, which has previously been perceived as a complex process reserved for tech-savvy enthusiasts. By aligning their
The ongoing case surrounding Tigran Gambaryan, a high-ranking executive at cryptocurrency exchange Binance, has cast a shadow over the company’s operations in Nigeria. Gambaryan has been in custody since February, after being implicated in a significant money laundering scandal estimated at $35 million. Initially detained alongside Nadeem Anjarwalla, Binance’s Africa Regional Manager, Gambaryan’s situation has
The cryptocurrency landscape has witnessed a significant shift over the past few years, particularly with the rise of derivatives trading. Arkham Intelligence is poised to make a significant impact in this sector, as it prepares to launch its own crypto derivatives exchange next month. According to reports from Bloomberg News on October 11, the forthcoming
South Korea, a nation at the forefront of the cryptocurrency revolution, is now grappling with regulatory challenges stemming from the dominance of its largest trading platform, Upbit. Recent announcements from the Financial Services Commission (FSC) reveal a forthcoming investigation aimed at understanding the extent of Upbit’s influence on the broader virtual asset market. The FSC