Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit on May 31, taking issue with the SEC’s denial of its rulemaking petition. At the heart of the matter is a single sentence in the SEC’s order which “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for
Exchanges
Gemini, the popular crypto exchange, recently made headlines with its announcement that users of its Earn product received a staggering $2.18 billion of their digital assets. This remarkable development comes after the collapse of crypto lender Genesis, which abruptly halted withdrawals back in November 2022. The fact that Gemini was able to return 97% of
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has made it clear that despite transferring over 140,000 BTC today, it has not sold its significant Bitcoin holdings. The trustee has emphasized that preparations to repay creditors are currently underway. The bankruptcy process is expected to compensate creditors with fiat currency, Bitcoin, and Bitcoin
Coinbase has filed a motion for an interlocutory appeal with the US District Court for the Southern District of New York, accusing the SEC of trying to avoid the Howey test. They argue that the SEC is sidestepping the question of whether a digital asset transaction without post-sale obligations can be classified as an investment
Recently, rumors have been circulating on social media about Bybit crypto exchange’s alleged insolvency. However, CEO Ben Zhou has firmly denied these claims, calling them baseless and lacking any real supporting facts. These rumors seem to have originated from obscure social media accounts, with some suggesting that a bug in a proof-of-reserves graph from Arkham
In a recent development, the First District Court of Appeals in Florida made a significant ruling by nullifying an Emergency Suspension Order (ESO) against Binance.US. The Office of Financial Regulation issued the ESO earlier this year, citing “immediate danger” to the public due to the legal issues of Changpeng Zhao, the founder of Binance Holdings.
Recently, France’s Autorité des Marchés Financiers (AMF) issued a warning to French crypto investors regarding the activities of Bybit, a popular digital asset trading platform. The regulatory authority stressed that Bybit is not authorized to provide its services in France, urging investors to exercise caution. Bybit, the third-largest crypto exchange by trading volume, has been
Coinbase recently experienced a system-wide outage that affected its website, mobile app, and API for over three hours. While the exchange claimed to have resolved the issue, many customers reported that they were still unable to withdraw their funds. One user, Nigel Dias, shared his experience of trying to send crypto only to be met
The recent report published by The Wall Street Journal shed light on the controversy surrounding Binance, the world’s largest crypto exchange. It alleged that Binance’s head of market surveillance was fired after raising concerns about potential market manipulation by a high-profile client. The client in question, DWF Labs, had been engaging in suspicious trading activity,
Japanese exchange Coincheck has announced its intention to join Coinbase as one of the two publicly listed exchanges in the United States. The crypto trading platform is set to complete its listing on the Nasdaq via a partnership with special purpose acquisition company Thunder Bridge Capital Partners IV (THCP) by the second or third quarter