In a remarkable turn of events under the leadership of Chief Executive Officer Richard Teng, Binance, the world’s largest digital asset exchange, made a significant move earlier this year. It quietly spun off its venture capital arm, Binance Labs, into…
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$4B Bitfinex Heist: Hacker’s Testimony Reveals Crypto Theft and Laundering
In a stunning turn of events, Ilya Lichtenstein, a hacker involved in the infamous Bitfinex heist, recently revealed the intricate details of the massive cryptocurrency theft that shook the world in 2016. Lichtenstein’s testimony during a money laundering trial shed…
Kraken Challenges SEC Lawsuit, Joining Industry Peers in Defense Against Regulatory Allegations
Kraken, one of the cryptocurrency exchanges, has recently filed a motion to dismiss the lawsuit brought against it by the Securities and Exchange Commission (SEC) in a US court. This legal action by Kraken aligns it with other industry peers,…
Binance to Pay $4.3 Billion in Historic US Criminal Penalty Over Sanctions and Anti-Money Laundering Violations
Binance Holdings Ltd., has been directed to pay a substantial $4.3 billion in criminal penalties. This notable ruling, endorsed by US District Judge Richard Jones, represents a significant legal milestone in the United States, revealing the company’s involvement in questionable…
Coinbase Poised for $103M Q4 Profit, Defying $16M Loss Forecasts
Coinbase Global Inc., Cryptocurrency exchange in the United States, is poised to deliver a surprising twist to Wall Street by achieving profitability for the first time in two years. With Bitcoin’s recent resurgence and strategic cost-cutting measures implemented during the…
NBA Faces $4.2 Billion Lawsuit Over Marketing Links to Failed Crypto Exchange Voyager Digital
The National Basketball Association (NBA) is facing a significant legal challenge as it has been hit with a lawsuit over its marketing ties to the now-failed crypto exchange, Voyager Digital Holdings Inc. Investors claim that these marketing links led to…
Bybit Launches Inscription Marketplace to Connect Bitcoin and Ethereum Ecosystem
Bybit, a renowned cryptocurrency exchange with a significant global trading volume, has taken a momentous stride towards supporting and expanding the Web3 ecosystem. The company’s latest announcement unveils the launch of the Bybit Inscription Marketplace, an integrated platform that fosters…
Coinbase, along with CEO Brian Armstrong, establishes a substantial support fund for pro-crypto politicians
In the rapidly evolving landscape of digital assets, Brian Armstrong, the CEO of Coinbase Global Inc. His rise to prominence is a testament to both his strategic prowess and the current state of the political sphere, which holds great implications…
Coinbase’s Strategic Expansion: George Osborne Joins Advisory Council to Tackle Regulatory Challenges
Coinbase Global Inc., a renowned name in the cryptocurrency exchange sector, has made a strategic move in its global expansion and regulatory navigation efforts. The company recently announced the appointment of George Osborne, the former UK Chancellor, to its advisory…
What is a MEME coin? Why did Binance invest in this MEME token?
Imagine a cryptocurrency born not from lofty whitepapers or complex financial algorithms but from the shared laughter of millions of internet users. Enter the realm of meme coins, digital currencies fueled by viral trends, humour, and the unpredictable pulse of…