Exchanges

Coinbase has publicly criticized the Securities and Exchange Commission (SEC) for their recent rejection of a rulemaking petition, going so far as to call the decision “arbitrary and capricious.” This scathing rebuke was delivered in a formal petition filed on Mar. 11 with the US Court of Appeals for the Third Circuit. In their petition,
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Coinbase, the leading US-based cryptocurrency exchange, has experienced a significant increase in its market share recently. This surge can be attributed to the introduction of several spot Bitcoin exchange-traded funds (ETFs) in January. As a result, analysts at Goldman Sachs made a notable change in their rating on Coinbase shares. They upgraded the rating from
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Bitcoin recently reached its all-time high of $69,000 on March 5th, 2022, only to experience a swift and sharp 14% correction shortly after, dropping its price to $59,300. The volatility in Bitcoin’s price led to record-breaking trading volumes on centralized exchanges, indicating heightened market activity and trader engagement. An analysis of Kaiko data by CryptoSlate
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Crypto exchange Coinbase faced yet another technical glitch on March 4, causing some of its users to see an empty balance in their accounts. This issue, which affected a small subset of users, led to intermittent zero balances across accounts and latency across pages. While trading was not impacted, it was still a cause for
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Binance, a popular cryptocurrency exchange platform, has found itself in the midst of controversy in Nigeria following its settlement with the U.S. Department of Justice. The House of Representatives Committee on Financial Crimes in Nigeria has issued an ultimatum to Binance CEO Richard Teng to appear before the committee by March 4. The committee, led
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The Nigerian government is considering imposing a hefty fine of $10 billion on cryptocurrency exchange Binance. Reports suggest that Bayo Onanuga, the special adviser to the Nigerian president, accused Binance of profiting from facilitating illegal transactions in the African country, causing significant financial losses. Onanuga stated that the proposed fine is a form of retribution
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