Kraken made headlines after claiming that the charges brought against it by the US Securities and Exchange Commission (SEC) were in direct response to its advocacy for the agency to operate within regulatory boundaries. The firm argued that current regulations were inadequate in addressing the complexities of the digital asset industry and emphasized the overreach
Exchanges
The current market of Bitcoin is a constant source of fascination for enthusiasts, as the price hovers around the $52,000 mark. However, beneath the surface, there is a shifting landscape in terms of liquidity that is worth exploring. By delving into the intricate details of buy and sell orders within a critical 2% market depth,
Backpack, a crypto exchange founded by former FTX executives, has recently announced its expansion into 11 US states, including California, Colorado, Indiana, Missouri, Wyoming, and others. This move comes at a time when global crypto regulations are becoming increasingly stringent. CEO’s Statement In a public announcement, CEO Armani Ferrante expressed the company’s commitment to establishing
In recent years, there has been a noticeable decrease in the volume of Bitcoin stored in exchange wallets, indicating a significant change in investor behavior. This shift, which began in mid-March 2020, has continued through Bitcoin’s 2021 bull run and into 2024. The decrease in Bitcoin holdings on exchanges has prompted a closer look at
Coinbase’s non-US exchange achieved a significant milestone on February 20th, surpassing $1 billion in daily trading volume. This accomplishment was highlighted by Coinbase International Exchange, which observed a 24-hour perpetual futures trading volume exceeding $1 billion in notional contract value. It marked the first time the non-US unit reached this impressive daily volume mark, signaling
In a recent announcement, cryptocurrency exchange Binance revealed that it would be discontinuing trading and subscription services for its leveraged token offerings. This decision, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and BNB Coin. Binance plans to delist these tokens and cease redemption by April 3. The affected
Recently, US prosecutors filed a sentencing memo asking a federal judge to approve the plea deal involving Binance and its former CEO, Changpeng Zhao (CZ). The plea deal, which took place in November 2023, involved charges of money laundering and sanctions violations. This agreement required Binance to pay a staggering $4.3 billion in criminal penalties,
Coinbase, one of the major cryptocurrency exchanges in the United States, has recently released its financial report for the fourth quarter and full year of 2023. The report showcases the company’s impressive performance and provides insights into its future outlook. In the fourth quarter of 2023, Coinbase reported a net income of $273 million, with
Coinbase, a prominent cryptocurrency exchange, recently lifted the freeze on Debt Box’s assets following the discovery of discrepancies in the Securities and Exchange Commission’s (SEC) case against the firm. In a bold statement, Paul Grewal, Coinbase’s chief legal officer, took to social media to highlight the SEC’s flawed actions and criticized the regulatory body’s lack
The Korea Financial Intelligence Unit (KoFIU) has unveiled a comprehensive plan to enhance its supervision of the cryptocurrency industry, signaling South Korea’s commitment to strengthening financial oversight and protecting consumers within the rapidly evolving digital asset landscape. The KoFIU’s new measures, which include expelling non-compliant crypto exchanges, are part of a comprehensive strategy developed in