The case against Binance, the world’s largest cryptocurrency exchange, continues to unfold in Nigeria, raising significant concerns about legal processes and the treatment of detainees. At the center of this controversy is Tigran Gambaryan, Binance’s head of financial crime compliance, who has been held by Nigerian authorities since February. Recently, a Federal High Court judge,
Currency exchange
In a significant move directed towards amplifying its trading ecosystem, Binance, the world’s largest cryptocurrency exchange, has recently announced the introduction of trading bot services for three newly listed trading pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. This strategic extension appears to be a dual-pronged initiative that not only elevates the trading experience for some users but
In August 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in the history of digital asset exchanges, resulting in the theft of around 120,000 Bitcoins (BTC). This cyberattack not only sent shockwaves through the cryptocurrency market but also raised pressing questions about the security protocols of exchanges and the protection of
Hong Kong is paving the way for a more inclusive and regulated cryptocurrency market as the Securities and Futures Commission (SFC) prepares to issue additional licenses to crypto enterprises before the end of the year. This decision, highlighted in a report by local media outlet Hong Kong 01, follows the SFC’s recent endorsement of HKVAX,
On September 24, 2023, Bybit, a prominent cryptocurrency exchange, announced the launch of an Islamic crypto account specifically designed to meet the needs of its Muslim clientele. This groundbreaking initiative is the first of its kind, allowing Muslims to engage in cryptocurrency trading while adhering to Shariah law. Bybit’s CEO, Ben Zhou, highlighted this pivotal
The cryptocurrency landscape has come under serious scrutiny in recent months due to a significant increase in hacking incidents. In September 2024 alone, reports from the blockchain security firm PeckShield outlined an alarming wave of over 20 distinct hacking episodes, accruing losses exceeding $120 million. This spike in illicit activities raises urgent questions regarding the
Binance, one of the world’s foremost cryptocurrency exchanges, has recently reached an extraordinary landmark by processing over $100 trillion in trades since its inception in 2017. This significant milestone was communicated by Richard Teng, CEO of Binance, via a post on the social platform X. Teng’s announcement asserts, “Earlier this month, the all-time trade volume
Bithumb, the second-largest cryptocurrency exchange in South Korea, is poised to undertake a significant leap into the international financial arena by pursuing a public listing in the United States. According to recent reports, this strategic decision was unveiled during a shareholders meeting held on September 30. The exchange aims to target a listing on the
In a significant move, crypto exchange platform Gemini has announced its intention to terminate operations in Canada by December 31, 2024. This decision was communicated to customers via an email on September 30, offering a stark reminder of the challenges that digital currencies face within the increasingly regulated financial landscape. The communication stated that all
In a significant move towards integrating digital assets into its financial landscape, Taiwan’s Financial Supervisory Commission (FSC) has rolled out a policy allowing professional investors to invest in foreign cryptocurrency exchange-traded funds (ETFs) through local brokers. This initiative is noteworthy for its exclusivity; it is narrowly tailored to accommodate professional investors only, including institutional entities,