The recent filing by U.S. prosecutors in response to the complaints raised by former FTX CEO, Sam Bankman-Fried, and his legal team has shed light on the ongoing legal battle. The accusations from Bankman-Fried’s lawyers regarding the government’s timing and volume of discovery materials have been met with a strong rebuttal. Let us delve deeper
Exchanges
The recent report published by Arkham Intelligence on August 27 has shed light on a shocking revelation: Robinhood, the popular investment app, allegedly holds a staggering $3 billion worth of Bitcoin in a single address. This mind-boggling finding suggests that Robinhood possesses an impressive 118,300 BTC in an address commencing with “bc1ql.” The address remains
U.S. prosecutors have recently unleashed a torrent of discovery documents in the legal battle against former FTX CEO, Sam Bankman-Fried. According to Bankman-Fried’s lawyers, the government has presented an additional 4 million pages of evidence and legal information to the defense, just six weeks prior to the upcoming trial. This overwhelming amount of information has
Binance, one of the world’s leading cryptocurrency exchanges, recently confirmed its engagement with several low-liquidity tokens. The exchange reached out to these projects as part of its ongoing risk management initiative to ensure that the digital assets on its platform meet high standards of liquidity and safety. This article will delve into Binance’s approach, the
Binance, one of the largest cryptocurrency exchanges in the world, has reportedly renamed sanctioned Russian banks on its peer-to-peer (P2P) platform. This move allows these banks, including Sber and Tinkoff, to continue their operations, despite the strict Western sanctions imposed on the Russian financial system. According to local media RBC-Crypto, Binance changed the names of
Binance.US, the popular cryptocurrency exchange, is making a significant transition to become a crypto-only exchange. This decision comes as a result of regulatory pressures and recent challenges faced by the platform. In response to the Securities and Exchange Commission (SEC) lawsuit and the suspension of USD channels by banking partners, Binance.US has decided to replace
EDX Markets, a groundbreaking institutional crypto exchange, has announced a game-changing partnership with Anchorage Digital. The partnership will see Anchorage Digital, a regulated crypto platform known for its expertise in financial services and infrastructure solutions, become the custody provider for EDX Clearing, an upcoming division of EDX Markets. The primary objective of this collaboration is
Coinbase, one of the leading cryptocurrency exchanges, has made a significant move by officially expanding its services to Canada. In a strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group, Coinbase is introducing Interac payment rails, allowing for seamless Canadian Dollar deposits and withdrawals. This expansion aims to attract Canadian users by
A recent amicus brief filed by a group of law scholars has dealt a devastating blow to the U.S. Securities and Exchange Commission (SEC). The brief, which includes the expertise of professors from prestigious universities such as UCLA, Boston University, Fordham Law School, University of Chicago, and Yale Law School, challenges the SEC’s “investment contract”
BAM Trading, the operating company of Binance U.S., along with BAM Management, has recently taken a stand against the U.S. Securities and Exchange Commission (SEC), accusing them of abusing their information requests. In a court filing on August 14th, the company sought a protective order, describing the SEC’s actions as “troubling and inappropriate.” This article