Cryptocurrency Exchange

Federal authorities added a new indictment against Sam Bankman-Fried Monday accusing him of utilizing misappropriated client assets to donate over $100 million to candidates in the 2022 U.S. midterm elections. This revelation comes as part of a fresh indictment against the FTX...

Crypto exchange Bittrex reached a settlement over allegations of providing U.S. investors with access to unregistered securities. The agreement entailed a $24 million penalty, to be paid following the submission of the exchange's liquidation plan. Earlier this year, the SEC took legal...

FTX (CRYPTO: FTT) management is taking issue with traders and market makers on a principal creditor committee, alleging they are attempting to dominate assets without considering the repercussions for other involved parties. This contention emerged following the release of a preliminary...

Microsoft (NASDAQ: MSFT) and Aptos Labs are joining forces to integrate artificial intelligence with blockchain, aiming to simplify the transition for users into the Web3 realm using the Microsoft Azure OpenAI Service. What Happened: This collaboration seeks to address the challenges users...

Publicly traded crypto exchange Coinbase (NASDAQ: COIN) Wednesday announced the launch of its Base (CRYPTO: BASE) blockchain, marking a significant step for public corporations venturing into managing their proprietary distributed networks. While Base had been accessible for developer testing...

Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the...

Crypto exchange Bitstamp is currently in discussions to secure additional funding. Galaxy Digital Holdings (OTC: BRPHF) is offering advisory services for the initiative, which commenced in June. Previously, Galaxy had advised Pantera, which recently offloaded its minority share in Bitstamp to...

Fraudsters are exploiting the recent introduction of PayPal's (NASDAQ: PYPL) dollar-backed stablecoin. More than 66 imitation tokens had emerged on platforms including Ethereum (CRYPTO: ETH), BNB Chain (CRYPTO: BNB), and Base (CRYPTO: BASE), Coindesk reported citing DEXTools data. Ethereum, the...

Cryptocurrency exchange Huobi experienced a net outflow surpassing $73.3 million this past week. This development coincides with reports of several of its top executives being detained by authorities in China, The Block reported. By 4:30 p.m. HKT, the exchange registered token outflows amounting to...

Cryptocurrency exchange Binance (CRYPTO: BNB) on Friday announced the approval of Shiba Inu (CRYPTO: SHIB), Compound (CRYPTO: COMP), and Theta (CRYPTO: THETA) as collateral assets. This move is part of Binance's ongoing efforts to expand its Flexible Loan and VIP Loan services. The...

Stock and crypto trading platform company Robinhood Markets Inc (NASDAQ: HOOD) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Robinhood reported second-quarter revenue of $486 million, which was up 53% year-over-year and up 10...

Crypto exchange Kraken's co-founder Jesse Powell on Wednesday voiced his skepticism about the proposed restructuring plan for beleaguered FTX (CRYPTO: FTT). Kraken Co-Founder On FTX: Powell's remarks come in the wake of FTX's announcement detailing its proposed...

In response to a significant security exploit, South Korean cryptocurrency exchange Upbit has temporarily halted deposits and withdrawals for Curve (CRYPTO: CRV), the native token of stablecoin-focused decentralized exchange Curve Finance. Upbit advised its users to exercise caution when...

Venture firm Sequoia Capital has undergone significant changes over the past year, marked by market volatility, a split, and the departure of at least five investors. What Happened: Michael Moritz, a long-standing partner since 1986, is stepping away from the venture firm to concentrate on Sequoia...

Coinbase Inc. (NASDAQ: COIN) CEO Brian Armstrong is scheduled to have a private meeting with House Democrats from the New Democrat Coalition on Wednesday to discuss digital-asset legislation. Other topics include tax, national security, privacy, and climate, Bloomberg reported. What Happened:...