Exchange

Kraken Faces Extortion Threat Over Bug Bounty Report

Cryptocurrency exchange Kraken reports that a research team holds $3 million in digital assets appropriated through a recently discovered bug. Despite this, Kraken asserts...

Crypto Trading Firm Cumberland Secures New York BitLicense

The New York State Department of Financial Services (NYDFS) has granted cryptocurrency trading firm Cumberland a BitLicense, officially authorizing it to operate as a...

NY Attorney General Recovers $50 Million for Gemini

New York Attorney General Letitia James has achieved a significant victory for investors by securing a $50 million settlement from cryptocurrency exchange Gemini Trust...

Former Binance CEO ‘CZ’ Holds 64% of BNB Supply

Former Binance CEO Changpeng Zhao (CZ) reportedly controls 64% of the circulating supply of Binance Coin (BNB), according to a recent report by Forbes....

Binance Reaches 200 Million Users and $100 Billion in Assets Under Custody

Binance, the world’s largest cryptocurrency exchange by daily volume, announced on June 8 that it has reached 200 million global users, marking a significant...

FTX’s $13M Loan to Alex Saunders Exposed in Bankruptcy Report

A recent bankruptcy report from the now-defunct cryptocurrency exchange FTX reveals that the exchange loaned slightly more than $13 million to Australian influencer Alex...

Experts Urge Nigeria to Regulate Naira on Crypto Exchanges

Amid the rapid decline of the naira and soaring inflation rates, the Nigerian government has focused on platforms providing cryptocurrency services. However, many Nigerian...

Binance Resumes Payment Services with Mastercard and Visa

Binance has announced the resumption of its payment services through Mastercard and Visa, signaling a potential easing of the crypto exchange’s recent legal challenges....

Nigeria Defends Prosecution of Binance Exec Amid U.S. Lawmakers’ Criticism

Nigeria's Minister of Information, Mohammed Idris, has defended the prosecution of Binance executive Tigran Gambaryan, asserting that the legal proceedings adhere to the country's...

FTX Reaches $200M Settlement with IRS on Tax Bill

Bankrupt crypto exchange FTX has reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS), to settle a $24...

Biden Urged to Act on Binance Exec’s Detention in Nigeria

Several U.S. politicians have urged President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance compliance officer detained in Nigeria for...

Changpeng Zhao Reports to California Prison Following Guilty Plea

Changpeng Zhao, the founder and former CEO of Binance, has officially started his four-month prison sentence in California. Zhao, often referred to as "CZ,"...