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Cryptocurrency exchange Coinbase reported its Q4 2022 earnings on Tuesday, with net revenue of $605 million, surpassing analysts’ estimates of $588 million. The revenue figure was up 5% from the previous quarter’s…
Binance, one of the world’s largest cryptocurrency exchanges, has witnessed a $2.5 billion outflow from its stablecoin (BUSD) as U.S. regulators intensified their scrutiny of the digital asset. Binance CEO Changpeng Zhao…
Binance, the world’s largest cryptocurrency exchange, is expecting to pay monetary penalties to settle investigations into its business in the US, according to the company’s chief strategy officer, Patrick Hillmann. The move…
Crypto tracing firm Elliptic reported on Tuesday that it provided intelligence to Binance and Huobi that led to the freezing of $1.4 million in cryptocurrency linked to the Harmony Bridge heist and…
The New York Department of Financial Services has ordered Paxos Trust Co., the issuer of Binance’s dollar-pegged cryptocurrency, to stop creating more BUSD tokens. Despite the halt in issuance, Paxos will continue…
The U.S. Securities and Exchange Commission (SEC) is reportedly planning to sue Paxos, the stablecoin issuer behind the Pax Dollar (USDP) and Binance USD (BUSD). However, the SEC has declined to comment…
In the wake of a $30 million fine levied against rival cryptocurrency exchange Kraken, Coinbase CEO Brian Armstrong has taken a stand to defend his exchange’s staking services. Armstrong stated on Twitter…
San Francisco-based cryptocurrency exchange, Kraken, has reached a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Kraken will pay $30 million in penalties and shut down…
Kraken, a San Francisco-based cryptocurrency exchange, is under investigation by the United States Securities and Exchange Commission (SEC) for violating securities laws. The investigation, which is reportedly in an advanced stage, could…
A former product manager at Coinbase Global Inc. has admitted to insider trading in cryptocurrency in the first case of its kind in the US. Ishan Wahi, 32, has pleaded guilty to…
You are all caught up.
