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
Exchanges
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
Recently, Bybit, a popular crypto exchange, has announced the termination of its operations in France due to regulatory complications. The exchange cited issues with obtaining necessary licenses from the French regulator as the primary reason for this decision. This move has been met with disappointment from French investors who were using the platform for their
Recently, crypto exchange Coinbase has been under fire for allegedly breaching campaign finance laws. The controversy arose when crypto researcher Molly White raised concerns about a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). These allegations have sparked a debate about the legality of the donation and its
Coinbase, the leading cryptocurrency exchange, has reported a total revenue of $1.449 billion for the second quarter, surpassing market expectations. This marks a significant increase from its revenue of $674.1 million during the same period last year. However, despite the positive revenue growth, total revenue actually saw an 11% decline quarter-over-quarter. In terms of net
Decentralized exchanges (DEXs) have reached a significant milestone in their trading volume ratios compared to centralized exchanges (CEXs). This achievement was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high in relation to CEXs. The trend of rising DEX trading volumes throughout this year coincides
Zoomex has made a bold statement in the crypto exchange market by prioritizing user anonymity. Unlike many exchanges that require extensive KYC verification processes, Zoomex does not mandate KYC. This user-centric approach ensures that personal data remains private and secure, appealing to those who value their anonymity in the crypto space. This policy simplifies the
After a recent sophisticated cyber attack on WazirX’s multi-signature Ethereum wallet, the exchange conducted a preliminary investigation. According to a blog post on July 25, WazirX revealed that there was no evidence to suggest that the machines of WazirX signers had been compromised during the attack. This attack, which occurred earlier in the month, has
The recent announcement by Bitstamp signaling the initiation of returning recovered digital assets to creditors of the defunct Mt. Gox exchange represents a significant milestone. This move comes after a decade-long effort to compensate those impacted by the notorious 2014 hack that resulted in Mt. Gox’s downfall. Collaboration with Exchanges Bitstamp is collaborating with various