A legal case involving cryptocurrency giant Binance has taken center stage in Nigerian courts, with global implications for both the digital currency landscape and international relations. The outcome of this case may not only affect Binance’s operations but also highlight…
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Galois Capital fined by SEC for improper asset handling with FTX
Galois Capital Management, a crypto investment firm, has been in the spotlight recently due to its entanglement with the Securities and Exchange Commission (SEC). The firm is facing a significant $225,000 fine after the SEC alleged that it violated crucial…
MakerDAO rebrands to Sky and introduces new tokens and app
MakerDAO is set to rebrand as Sky in an effort to enhance its appeal and broaden its user base. This rebranding comes as part of a strategic overhaul designed to rejuvenate the platform’s presence and attract a wider audience. MakerDAO,…
Hong Kong Crypto Exchanges Struggle to Secure Full Licenses
Hong Kong is at a critical juncture as it navigates the complex and evolving landscape of digital assets. The city, long considered a financial hub in Asia, is now pushing to establish itself as a leading center for cryptocurrency and…
Kraken Exchange Required to Defend Against SEC Claims on Exchange Status
Kraken has recently found itself at the center of a legal battle with the U.S. Securities and Exchange Commission (SEC). The core of the dispute revolves around whether the platform is operating as an unregistered securities exchange. A federal judge…
Binance Crypto Exchange Reopens in India After Securing Local Registration
In recent developments, global cryptocurrency exchanges, including Binance, have resumed operations in India after being temporarily banned. These exchanges were initially restricted due to their lack of registration with the Indian authorities. However, the landscape has since shifted, allowing Binance…
Binance Adds 1,000 Staff as Compliance Costs Exceed $200M
Binance has embarked on a significant hiring initiative for 2024. With the aim of enhancing its compliance efforts, the company plans to recruit 1,000 new employees, bringing its total workforce to over 6,000. This move underscores Binance’s commitment to meeting…
Binance Security Recovers $73 Million in Stolen Cryptocurrency
In the rapidly evolving world of digital finance, security remains a critical focus, particularly for leading cryptocurrency exchanges like Binance. As the industry continues to expand, so do the associated risks and challenges. Binance, a dominant player in the crypto…
Coinbase Shares Rise After Court Favors Ripple Over SEC
Coinbase Inc., has experienced a significant surge in its stock price following a pivotal federal court ruling. The decision, which ordered Ripple Labs Inc. to pay a substantially reduced penalty compared to what the US Securities and Exchange Commission (SEC)…
Coinbase Aims to End Six-Day Slide Amid Market Recovery
Coinbase has recently experienced significant fluctuations in its stock price. Following a six-day losing streak, the stock is poised for a rebound as market averages recover from a global sell-off. In this article, we will explore the recent performance of…