Binance has announced the appointment of Eleanor Hughes as its new general counsel, effective immediately. Hughes, who initially joined Binance in November 2021, previously served as the head of legal for the APAC and MENA regions. During her time in these roles, Hughes played a crucial part in obtaining operational licenses for the exchange in
Exchanges
Ark Invest Management recently sold 135,152 shares of Coinbase, amounting to $12 million, according to data from Cathiesark. This move comes as Coinbase continues its mostly positive price performance, reaching a one-year high of $90 on July 11. Notably, Coinbase stock has outperformed Bitcoin’s price in the last 30 days, with a growth rate of
Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently being traded at an 8% discount on the Binance.US platform. The reason behind this situation is the liquidity problems that have arisen following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). This discrepancy can be observed by comparing the trading
Binance, one of the largest cryptocurrency exchanges, has experienced a significant decline in users’ crypto assets following regulatory challenges in various jurisdictions. The latest proof of reserve snapshot taken on July 1 revealed that users’ Bitcoin deposits fell by 3.5% from 614,800 BTC recorded on June 1 to 592,450 BTC. This indicates that approximately 22,000
The Commodity Futures Trading Commission (CFTC) has recently uncovered violations of US regulations by crypto lending platform Celsius Network. This investigation has also implicated the firm’s former CEO, Alex Mashinsky, according to a report by Bloomberg. If the CFTC’s commissioners agree with the findings of the investigation, legal action against Celsius and Mashinsky may commence
Crypto.com, a leading cryptocurrency platform, has taken legal action to recover funds following an erroneous transaction. The incident revolves around an individual named James Deutero McJunkins Jr., a resident of Georgia and a user of Crypto.com. McJunkins allegedly received a deposit of $50,000 in his Crypto.com account on June 24, 2022, which was later found
The cryptocurrency industry has experienced substantial losses due to hacking incidents, amounting to over $30 billion since 2012. SlowMist, a blockchain security firm, conducted research that revealed the extent of these losses. Out of the total amount stolen, centralized exchanges accounted for $10.95 billion, making them the primary target for hackers. The research also highlighted
Binance, one of the world’s largest cryptocurrency exchanges, experienced a significant decrease in spot trading volume during the second quarter of this year. The decline, amounting to nearly 70%, can be attributed to various factors, including the reintroduction of fees for its most liquid Bitcoin (BTC) pairs. This article explores the reasons behind this decline
The CEO of the Digital Currency Group (DCG), Barry Silbert, has been issued an ultimatum by Cameron Winklevoss, the co-founder of the Gemini cryptocurrency exchange. Winklevoss publicly announced Gemini’s “best and final offer” for debt restructuring in an open letter on July 4. Silbert was given a tight deadline of just two days to respond.
Seychelles-based cryptocurrency exchange Bitget announced the launch of its new cryptocurrency lending product, Crypto Loans, as stated in a press release on July 4. This service allows users to stake less popular coins and receive more liquid assets in return. Bitget employs a “dual-coin approach” for its lending product, where users staking one cryptocurrency will