Exchange

Regulatory Pressures Lead Binance-Backed HKVAEX to Cease Operations

In a significant move that underscores the intensifying regulatory landscape in Hong Kong, the Binance-affiliated crypto trading platform HKVAEX announced its shutdown, signaling the...

Bitfinex Springs Back to Action: A Glimpse into the Exchange’s Swift Recovery

Bitfinex, a leading figure in the cryptocurrency exchange arena and a branch of iFinex, has recently navigated through a period of technical turbulence, culminating...

Crypto Exchanges Under Pressure: Regulatory and Institutional Developments

This week in Crypto Biz, we dive into the latest legal challenges crypto exchanges face, including notable actions against KuCoin and Coinbase, alongside significant...

Patrick Donegan’s Departure Marks a New Chapter for OKX

In a surprising move within the crypto industry, Patrick Donegan, the Global Chief Compliance Officer at OKX, has stepped down from his position after...

FTX’s Sam Bankman-Fried Handed 25-Year Prison Term

In a turn of events that marks a dramatic end to one of the cryptocurrency world's most significant controversies, Sam Bankman-Fried, the once-celebrated founder...

U.S. Authorities Charge KuCoin and Founders in Major Cryptocurrency Crackdown

In a groundbreaking move, U.S. law enforcement has charged the global cryptocurrency exchange KuCoin and its two founders, Chun Gan and Ke Tang, with...

Canadian Authorities Target Assets Linked to QuadrigaCX Co-Founders

In a significant move against assets tied to the infamous QuadrigaCX cryptocurrency exchange saga, Canadian authorities in British Columbia have initiated proceedings to seize...

KuCoin Announces $10M Bitcoin and KCS Airdrop Amid Legal Challenges

In a strategic move to bolster customer loyalty during a tumultuous period, cryptocurrency exchange KuCoin has announced a significant airdrop event. CEO Johnny Lyu...

Major Victory for DeFi: Coinbase Wallet’s Triumph Over SEC Allegations

In a significant legal development, a U.S. judge has ruled in favor of Coinbase Wallet, affirming that its self-custody crypto wallet does not classify...

KuCoin Faces $1 Billion Withdrawal Surge Amid US Regulatory Crackdown

KuCoin, a prominent crypto exchange, has encountered a significant withdrawal surge, with approximately $1 billion in crypto exiting the platform within the last 24...

OKX Resolves Regulatory Issues with Malta Authority Through “Goodwill” Settlement

OKX, a leading cryptocurrency exchange, has recently settled a series of regulatory concerns with the Malta Financial Services Authority (MFSA) with a 304,000 euro...

FTX Seeks to Nullify Claims on ‘Sam Coins’ Amid Bankruptcy Proceedings

In the ongoing bankruptcy case of the embattled cryptocurrency exchange FTX, a new development has emerged regarding the valuation of certain digital tokens closely...