Nigeria’s SEC Sets 30-Day Deadline for Crypto Exchanges and Digital Asset Traders to Re-register
In a significant move to regulate the burgeoning digital asset market, Nigeria’s Securities and Exchange Commission (SEC) has issued a directive to all cryptocurrency exchanges and digital asset traders operating within the country. They have been given…
DMM Bitcoin Hack: Over $300 Million Lost in Massive Crypto Theft
On May 31, 2024, Japanese cryptocurrency exchange DMM Bitcoin fell victim to a significant security breach, resulting in the loss of over $300 million worth of Bitcoin. The hackers managed to steal approximately 4,502.9 BTC, making this…
Gemini Customers to Receive Assets at 232% Above Original Value
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has made a significant announcement regarding its Earn program. Users who participated in Gemini Earn are set to receive their digital assets back in-kind, resulting in an…
Coinbase Appeals SEC Case and FIT21 Act
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). The central question revolves around whether traditional securities rules should apply to…
Coinbase’s Remarkable Q1 Performance: A Leap Beyond 2023
In an extraordinary start to the year, Coinbase has reported a net income of $1.2 billion for the first quarter of 2024, a figure that not only signifies a robust rebound but also eclipses the company’s total earnings for the entire previous year. A…
Coinbase Enhances Bitcoin Transactions with Lightning Network via Lightspark
Coinbase integrates with Lightning Network, a layer 2 protocol that exists on top of Bitcoin’s blockchain, to enable faster and cheaper transactions. This is particularly significant because traditional Bitcoin transactions can be slow and expensive,…
CFTC Commissioner Caroline D. Pham Weighs In on KuCoin Complaint
In a thought-provoking statement issued last week, CFTC Commissioner Caroline D. Pham provided insights into the ongoing KuCoin complaint and its implications for regulatory oversight in the crypto asset space. The Commodity Futures Trading…
KuCoin and Founders Charged by DOJ for AML Violations
KuCoin, which has grown to become one of the largest cryptocurrency exchanges in the world, has received more than $5 billion and has transmitted more than $4 billion in funds that are dubious and criminal. The U.S. Department of Justice (DOJ) has…
Kraken vs SEC: A Legal Battle Over Crypto Regulation
Kraken, a prominent cryptocurrency exchange, is embroiled in a legal dispute with the United States Securities and Exchange Commission (SEC), contesting what it views as a precedent-setting lawsuit that could significantly expand the SEC’s…
OKX Wallet and Alex Join Forces to Boost Bitcoin’s DeFi Potential
OKX Wallet, a leading crypto wallet app, has announced its integration with Alex, a platform that offers a range of decentralized finance (DeFi) services on Bitcoin via Stacks. This strategic partnership will enable OKX Wallet users to access Alex’s…