Binance, one of the world’s leading cryptocurrency exchanges, has recently exited the Russian market. This has caused a surge in clients seeking alternative platforms for their cryptocurrency trading needs. CommEX, the company that assumed Binance’s operations in the country, was initially projected to attract approximately one million clients. However, it has been encountering difficulties in […]
JPEX, a crypto exchange, has proposed a plan to transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. The voting for the plan was completed on Sept. 28, with 68% of users voting in favor. The scheme involves […]
A jury of 12 individuals, nine of whom are women, have been selected to decide the fate of former FTX CEO Sam Bankman-Fried. The jurors range in age from the early 30s to the late 60s and come from various industries, including health, financial, legal, IT, and education. Five of them are university-educated. The potential […]
Stars Arena, a decentralized social media (DeSo) application, has caused a major uptick in activity on Avalanche’s C-chain network. This has resulted in an 8% increase in the price of the network’s native AVAX token in the last 24 hours. Launched in late September, Stars Arena has seen the total number of daily transactions on […]
Steven Schoenfield, a former managing director at BlackRock, the world’s largest asset manager, and current CEO of MarketVector Indexes, believes that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) within the next three to six months. This is a shift from his previous outlook of nine to twelve […]
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a joint working group to tackle illicit crypto exchange activities. This comes after 11 people were detained for questioning in connection to the Dubai-based JPEX exchange, which the SFC has accused of operating without a license.The working group will share […]
Sam Bankman-Fried, co-founder of FTX, is currently on trial for alleged fraud and campaign finance violations. On the second day of the trial, Ryan Salame, a prominent FTX executive, appeared in court and pleaded guilty to conspiracy charges. During his plea, Salame revealed that he had made substantial political contributions under the direction of Bankman-Fried.In […]
Matt Hougan, the chief investment officer at Bitwise, believes that Ethereum (ETH) is a bigger investment opportunity than Bitcoin (BTC). According to Hougan, Ethereum is the largest investment opportunity in the entire crypto space. He explains that Ethereum is a new global computing platform that could rewire how the entire financial industry and much of […]
The US Securities and Exchange Commission (SEC) has urged a federal judge to reject Coinbase’s motion to dismiss the regulator’s lawsuit against the prominent cryptocurrency exchange. The SEC is attempting to leverage the Terraform Labs ruling to raise questions about the court’s decision in the Ripple case, which was widely celebrated by the crypto industry. […]
JPEX, a Hong Kong-based cryptocurrency exchange, has reportedly begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to The South China Morning Post. An unidentified user claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable to withdraw their […]
