In a recent development, a US appeals court has made a significant ruling in a class-action lawsuit against Binance.US, the American subsidiary of the global Binance exchange. The court’s decision partially overturned the dismissal of the lawsuit, stating that the plaintiff, Ryan Cox, had valid claims against both Binance.US and CoinMarketCap for allegedly manipulating the
Exchanges
Coinbase, a prominent player in the cryptocurrency industry, has taken a strong stance against the US Securities and Exchange Commission’s (SEC) proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). In a comment letter submitted to the SEC, Coinbase’s Chief Legal Officer, Paul Grewal, argued that the proposed rule is deeply flawed
Recently, Binance confirmed that the Venezuelan government has imposed restrictions on access to its website following a disputed presidential election. This action has affected not only Binance but also several other websites in Venezuela, including social networks. Despite the restrictions, Binance reassured its users that their funds are safe and that the situation is being
Tyler Winklevoss, the co-founder of Gemini, has raised concerns about the latest regulatory action taken by the US Federal Reserve against Customers Bank. The Fed’s move comes as a response to potential violations by the bank of the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations in relation to
Coinbase recently took a stand against the US Commodities Futures Trading Commission’s (CFTC) proposal that could potentially impact prediction markets like Polymarket. In a letter dated August 8, Paul Grewal, Coinbase’s Chief Legal Officer, criticized the proposal for its vague definition of “gaming” and its assertion that “gaming” contracts are not in the public interest.
BTSE Dex 2.0 has set a new standard in the world of decentralized exchanges with its cross-compatibility for Ethereum Virtual Machine-based chains. This means that traders now have access to over 50 perpetual futures on various networks like Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol, BTSE Dex is able to
WazirX, a popular cryptocurrency exchange, has made a significant decision in the aftermath of a $230 million cyberattack that disrupted its platform operations. The exchange has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This move comes following feedback from affected users and is aimed
The US Securities and Exchange Commission (SEC) has taken a firm stance against Coinbase’s motion to compel additional discovery in their ongoing legal dispute. The SEC argues that Coinbase’s requests for documents are not only irrelevant but also overly burdensome. In a memorandum filed on Aug. 5, the SEC outlined several key points against Coinbase’s
The recent reports from Binance CEO Richard Teng revealed that the exchange experienced record inflows and one of its highest trading volumes this year. In the midst of market panics on August 5th, Binance recorded a net inflow of $1.2 billion in just 24 hours. According to DeFillama data, Binance’s inflows had surged to over
In the world of decentralized finance (DeFi), the Solana network made headlines recently by outpacing Ethereum in monthly decentralized exchange (DEX) volume in July. Data from DefiLlama revealed that Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This surge in volume marks Solana’s second-highest monthly volume, following