Bybit recently made a decision that has sent shockwaves through the cryptocurrency community. The exchange has removed China from the list of countries whose citizens are restricted from using its services. This unexpected move has raised eyebrows and sparked debates about the implications for both Bybit and the Chinese market. By allowing Chinese users to
Exchanges
The recent announcement by Binance regarding the restriction of “unregulated stablecoins” in the European Union has sent shockwaves through the crypto market. The move is in line with the upcoming Markets in Crypto-Assets Regulation (MiCA), which aims to bring more regulatory clarity to the industry. Binance’s decision to limit the availability of certain stablecoins will
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, challenging the SEC’s denial of its rulemaking petition. The crux of the case revolves around a single sentence in the SEC’s order that “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for digital asset firms. This lack
Gemini exchange recently announced that users of its Earn product have received $2.18 billion worth of their digital assets, which accounts for 97% of the total digital assets owed to them. This distribution is a significant milestone following the collapse of crypto lender Genesis, which had ceased withdrawals in November 2022. Gemini confirmed that the
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors
Coinbase has recently accused the SEC of attempting to dodge the Howey test in a motion for an interlocutory appeal filed in the US District Court for the Southern District of New York. The exchange claims that the SEC is sidestepping the question of whether a digital asset transaction lacking post-sale obligations can be deemed
Recently, Bybit crypto exchange CEO, Ben Zhou, has refuted claims circulating on social media regarding the alleged insolvency of the exchange. These rumors started to surface this week on social media platforms, with speculations suggesting a bug in a proof-of-reserves graph from Arkham Intelligence may have initiated the gossip. Zhou was quick to dismiss these
The recent court decision by the First District Court of Appeals in Florida has overturned an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US. The ESO was initially put in place earlier this year, banning Binance.US from serving residents in Florida due to an alleged “immediate danger” to the public.
France’s financial regulator, the Autorité des Marchés Financiers (AMF), recently issued a warning to French crypto investors regarding the digital asset trading platform Bybit. The platform, despite being one of the largest in terms of trading volume, is not registered in France and is therefore not authorized to provide its services to residents in the
Following a system-wide outage that impacted Coinbase’s website, mobile app, and API for over three hours, the crypto trading platform claimed to have resumed operations. However, many customers took to social media to express their frustration as they were still unable to withdraw their funds. This discrepancy between Coinbase’s announcement and user experience raises questions