FTX's high-profile collapse in November 2022 sent shockwaves through the cryptocurrency industry. It resulted in the criminal conviction of FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud earlier this year. The United States Department of Justice states on its website that "Samuel Bankman-Fried orchestrated one of the largest financial…
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The feature allows users to deposit and withdraw over 20 cryptocurrencies, including major players like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). “With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” commented Johann Kerbrat, VP and GM of Robinhood Crypto. “Support for deposits…
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This approval allows OKX to offer digital payment token and cross-border money transfer services to customers in the country. This includes spot trading of cryptocurrencies for customers in Singapore. OKX has appointed Gracie Lin as CEO to spearhead its operations in Singapore. Lin brings a wealth of experience in the financial, public, and technology sectors, having…
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This was confirmed with the news that the company, which runs the world’s biggest crypto exchange, has received a licence to operate as a full virtual-asset services provider (VASP). The licence has been issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The regulatory process goes through four stages in Dubai, with Binance entering the third…
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This is reportedly the largest sell-off of the world’s most prominent crypto asset experienced in over a year. Despite falling below $62,000 at one stage during Saturday’s trading, BTC gained back 3.9%, which pushed it past the $64,000 mark on Sunday, 14 April 2024. At one point, this virtual currency spiked as much as 8.3%.…
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They based this decision on the fact that the judge had used the December 2021 user agreement, but that didn't take into account the fact that earlier versions had used different language in some sections. The full title of the case is Louis Oberlander v. Coinbase Global Inc., 23-cv-184, US Court of Appeals (2nd Circuit).…
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The world’s largest cryptocurrency, which currently has a market value of just over $1tn, ended Tuesday trading at $57,071. From the start of February, bitcoin gained 32%, putting it on track for its most significant monthly gain since January 2023. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Rallies exceeding 10% were influenced…
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The latter half of 2023 saw a surge in investor interest in major cryptocurrency tokens, spurred by expectations of the U.S. Securities and Exchange Commission's (SEC) approval of spot bitcoin ETFs. This anticipation contributed to a 57% increase in bitcoin's price in the fourth quarter, which enhanced Coinbase's trading fee revenue. Despite concerns that the…
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This economist was also correct in his bullish S&P 500 approach, despite everyone anticipating recession and stock price drops. Lee said this index would end at 4,750 in 2023. It closed at 4,769. Still trying to regain a balance after the FTX scandal, TerraUSD $60bn wipe-out, and crash which saw Bitcoin plunging from $69,000 in…
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The claim was filed with the International Centre for Settlement of Investment Disputes (ICSID), a part of the World Bank based in Washington, D.C. ICSID, known for arbitrating disputes between global investors and states, registered the case on January 18, as indicated on its website. The Bulgarian finance ministry acknowledged receiving an arbitration request from…
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