BitMEX is currently investigating an unusual incident involving a user who was selling large orders on its Bitcoin spot market. This rogue seller unloaded more than 400 BTC on the exchange, causing the price of Bitcoin to crash by 87% to as low as $8900. While this event did not impact BitMEX’s derivative markets or
Exchanges
Cryptocurrency exchange OKX recently made waves in the European market by announcing the delisting of Tether (USDT) pairs in favor of USDC and Euro-based stablecoin pairs. This move, which was communicated to customers in a message on March 18, comes hot on the heels of the EU’s release of draft technical standards related to stablecoins.
In a strategic move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity separate from the Binance Group. This development, first highlighted by Bloomberg in a recent report, signifies a significant shift in the structure and focus of the renowned crypto exchange’s investment division. The decision to restructure Binance
The recent sentencing memorandum filed by federal prosecutors sheds light on the extensive financial fraud committed by FTX founder Sam Bankman-Fried. The request for a prison sentence of 40 to 50 years highlights the gravity of his actions, which involved the misappropriation of over $8 billion of customer funds. This revelation not only exposes the
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a public warning about the unlicensed operations of MEXC within its jurisdictions. The SFC emphasized that MEXC has been targeting Hong Kong investors without the necessary license to operate as a virtual asset trading platform in the city-state. This violation of local laws has
Crypto.com, a prominent crypto trading platform, has recently found itself in hot water with the Netherlands Central Bank. The company was fined a staggering €2.85 million ($3.1 million) for operating within the country without proper registration for a period of two years. This violation stems from Dutch regulations that require crypto firms to register with
Binance recently stated that Nigeria is not one of its top markets, despite being Africa’s most populous country and largest economy. The exchange acknowledged the country’s “extraordinary potential” but emphasized that it is not a priority market for them. This comes after a dispute with Nigerian authorities over allegations of manipulating the local fiat currency,
Coinbase, a leading cryptocurrency exchange, recently made headlines with its announcement of a $1 billion bond offering. This strategic move aims to raise funds for the company’s growth and expansion plans. The bonds, classified as unsecured convertible senior notes, are scheduled to mature in 2030, giving investors the flexibility to convert their holdings into Coinbase
In a recent development reported by local media outlet Premium Times, the Nigerian government has obtained a court warrant to detain Binance officials for at least twelve days. This action was taken after the Binance executives insisted on being taken to their respective countries’ embassies. The government has accused Binance of exacerbating the country’s foreign
In a bold move, Coinbase has openly criticized the Securities and Exchange Commission (SEC) for rejecting its rulemaking petition, denouncing the decision as “arbitrary and capricious.” The crypto exchange’s disapproval was made clear in a petition filed before the US Court of Appeals for the Third Circuit on Mar. 11. Should Coinbase’s petition succeed, the