$2.6 Billion: Historic 11,000-Year Sentence Handed to Turkish Crypto Exchange CEO

The Anatolian 9th High Criminal Court in Turkey has issued a sweeping 11,196-year prison sentence to Faruk Fatih Özer,, former CEO of the now-defunct Thodex cryptocurrency exchange, on several charges. These charges include “establishing, managing and being a member of an organization,” “qualified fraud,” and “laundering of property values.” The court further imposed a pentalty […]

CCData: Crypto Spot Trading Volume on Centralized Exchanges Hits Lowest Level Since March 2019

CCData, a renowned FCA-authorized benchmark administrator and global leader in digital asset data, has unveiled the highly-anticipated August 2023 edition of its Exchange Review report. This comprehensive report serves as a beacon for institutional and retail investors, shedding light on critical developments within the cryptocurrency exchange market. CCData’s August 2023 Exchange Review reveals that in […]

Crypto Influencer Heidi Chakos Reveals 2023’s Most Bullish News

In a recent video on her YouTube channel “Crypto Tips,” Heidi Chakos, a well-known crypto educator and influencer, discussed what she considers the most bullish news of 2023: Uniswap’s trading volume surpassing that of Coinbase. According to Chakos, in the first quarter of 2023, Uniswap recorded a trading volume of $155 billion, outperforming Coinbase’s $145 […]

U.S. Treasury Secretary Yellen Advocates for Enhanced Crypto Regulation Amidst Rising Risks

In a recent interview with CNBC’s “Squawk Box” co-anchor Andrew Ross Sorkin, U.S. Treasury Secretary Dr. Janet Yellen expressed her evolving views on the cryptocurrency sector and the need for enhanced regulation to protect consumers and investors. During the conversation, Sorkin brought up the topic of cryptocurrencies, a recurring theme in their past interviews, and […]

OKX Listing of Shiba Inu Ecosystem Token $BONE Sends Exchange’s Holdings Soaring by 400%

Seychelles-based cryptocurrency exchange OKX has recently conducted a poll asking its users to vote on their preferred meme-inspired cryptocurrency listed on the platform, with one of the options being Shiba Inu ecosystem token $BONE. Following its results, the exchange listed its token and became one of its largest holders. According to data from the Ethereum […]

Gensler Takes Aim at DeFi Platforms in Testimony Before House Financial Services Committee

In an upcoming testimony, U.S. Securities And Exchange Commission (“SEC”) Chair Gary Gensler is set to share his thoughts on crypto markets and regulation at a U.S. Congress hearing. It is important to note that these comments reflect his personal views, and he makes it clear that he is not speaking on behalf of the […]

Crypto Mom Criticizes SEC’s Regulatory Reach: ‘Solving Nonexistent Problems’

The crypto world is debating the SEC’s proposed amendments to exchange regulations, which could impose additional burdens on crypto platforms and hamper innovation, according to Commissioner Hester M. Peirce (aka “Crypto Mom”). The U.S. Securities and Exchange Commission (SEC) announced on April 14 that it is reopening the comment period and providing supplemental information for […]

$XRP HODLers Celebrate Uphold’s Steadfast Backing Despite SEC Allegations

Defying the U.S. Securities and Exchange Commission’s (SEC) claims that XRP is a security, Uphold, which is a global multi-asset digital trading platform, has remained steadfast in its support for the embattled digital asset. On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) filed an action against Ripple Labs Inc. and two of […]

Novogratz on Operation Choke Point 2.0 and the Future of Crypto in America

Galaxy Digital Holdings Inc. (OTCPK:BRPHF) CEO Mike Novogratz voiced his concerns about the US regulatory environment for the crypto industry in a recent interview. According to what Novogratz said in his interview with The Block’s East Coast Managing Editor Nathan Crooks, the crypto industry is “under assault” by U.S. regulators. The Galaxy Digital CEO believes that […]

Bittrex Winding Down U.S. Operations Due to ‘Current U.S. Regulatory and Economic Environment’

Popular cryptocurrency exchange Bittrex has announced that it will wind down its U.S. operations due to the challenging regulatory and economic environment. Founded in 2013 by Bill Shihara, Richie Lai, and Rami Kawach, Bittrex has been a prominent player in the crypto space. However, this decision does not impact Bittrex Global, the international arm of […]

Decentralized Exchange Token $DYDX Surges 200% Amid Rising Trading Volume

The native token of the popular decentralized exchange dYdX has surged more than 200% over the past 30 days as its trading volume keeps on rising and investors move their funds off of centralized exchanges in the wake of FTX’s collapse. According to market data, the price of the exchange’s governance token $DYDX has now […]

Ripple’s Former Lead Engineer on 3AC Founders’ Plans To Start a New Crypto Exchange

On Monday (16 January 2023), Nik Bougalis, the former Director of Engineering at Ripple, shared his thoughts on the attempt by Su Zhu and Kyle Davies, co-founders of bankrupt crypto hedge fund Three Arrows Capital (“3AC”) to raise funds for a new crypto exchange. On 21 October 2022, Bougalis, who had been working on the […]

BitMEX and Kraken in the Lead With Regard to Proof-of-Reserve Status, Says Nic Carter

 On Thursday (29 December 2022), Coin Metrics Co-Founder Nic Carter looked at how various major centralized exchanges are doing in terms of providing Proof of Reserves (PoR). Here is how Carter, who has long been a strong proponent of custodial service providers in the crypto space having a Proof of Reserves program, explains this concept: “Proof […]

Santander UK Is Going to Impose Limits on Payments to Crypto Exchanges

Santander UK, which is a British bank wholly owned by Spanish multinational financial services firm Santander Group, is advising its customers that there will soon be limits imposed on payments to crypto exchanges. According to a recent notice (on the company’s website) aimed at customers, the bank has seen “a large increase in UK customers […]

Kraken Co-Founder Jesse Powel Stepping Up To Become Chairman of the Popular Exchange

Kraken, a leading crypto exchange, says that Co-Founder and current CEO Jesse Powell is giving up his CEO role and becoming chairman of the board of directors. According to Kraken’s press release, Dave Ripley, who has been the COO for the past six years, will become the CEO once Kraken has completed its COO search. […]

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