FTX, a cryptocurrency exchange, has filed a lawsuit against Bybit and its affiliates, accusing them of using fraudulent tactics to withdraw $953.2 million from the FTX platform before it collapsed. The lawsuit alleges that Bybit and its affiliates had VIP privileges that allowed them to prioritize their withdrawals, leaving FTX’s non-VIP customers struggling to access […]
Ripple CEO Brad Garlinghouse has criticized the U.S. Securities and Exchange Commission (SEC) for its aggressive enforcement actions against the crypto industry, claiming that they have hindered innovation and failed to protect investors. Speaking at the Ripple Swell conference in Dubai, Garlinghouse called for a regulatory overhaul and a new framework that takes into account […]
Several former executives from FTX, a cryptocurrency exchange, have come together to establish a new exchange in Dubai called Backpack Exchange. Led by ex-FTX lawyer Can Sun, the Dubai-based startup aims to address the issue of securing customer funds, which FTX failed to do. Sun is supported by Armani Ferrante, a former FTX employee who […]
Deutsche Bank and Standard Chartered recently collaborated on a significant exchange of dollars for euros using stablecoins and blockchain technology. This departure from the trend of decentralization highlights a more centralized approach. While decentralized exchanges like Uniswap have made currency swaps user-friendly and accessible, banks engaging in swaps operate within their own infrastructure, even when […]
FTX, a cryptocurrency exchange, has filed a lawsuit against Bybit and its affiliates, accusing them of using fraudulent tactics to withdraw $953.2 million from the FTX platform before it collapsed. The lawsuit alleges that Bybit and its affiliates had VIP privileges that allowed them to prioritize their withdrawals, leaving FTX’s non-VIP customers struggling to access […]
Hong Kong-based venture capital firm CMCC Global has raised $100 million for its Titan Fund, aimed at supporting Asian blockchain startups. This comes at a time when global venture capital investments in crypto firms have seen a significant decline. The fund has attracted participation from notable investors such as Block.one, Pacific Century Group, Winklevoss Capital, […]
Uniswap Labs, the entity behind one of the most popular decentralized exchanges, has announced the introduction of a 0.15% interface fee on certain token swaps. This fee will impact trades involving specific tokens, but stablecoin swaps and trades between ether and wrapped ether will remain exempt. The founder of Uniswap, Hayden Adams, stated that the […]
Uniswap Labs, the entity behind one of the most popular decentralized exchanges, has announced the introduction of a 0.15% interface fee on certain token swaps. This fee will impact trades involving specific tokens, but stablecoin swaps and trades between ether and wrapped ether will remain exempt. The founder of Uniswap, Hayden Adams, stated that the […]
A former president of the New York Stock Exchange (NYSE), Tom Farley, is making a bold move to revive the bankrupt cryptocurrency exchange FTX. Through his technology firm Bullish, Farley is participating in an auction to acquire the remnants of FTX. The auction has attracted significant interest, with three primary contenders remaining: Bullish, fintech startup […]
Asset management giant BlackRock has taken a significant step towards launching an exchange-traded fund (ETF) based on the cryptocurrency ether. The company’s iShares division has registered the iShares Ethereum Trust with the state of Delaware, following a similar approach taken earlier this year with a Bitcoin-based ETF. This move suggests that BlackRock is preparing to […]
