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Nigerian High Court Orders Binance to Comply with EFCC Data Request Amidst Money Laundering Concerns

The Nigerian High Court has issued an order to Binance Holdings, one of the world’s largest cryptocurrency exchanges by trading volume, to provide the Economic and Financial Crimes Commission (EFCC) with detailed transaction records of Nigerian users. This directive is a response to allegations of criminal activities and money laundering facilitated through Binance’s platform, a … Continue reading Nigerian High Court Orders Binance to Comply with EFCC Data Request Amidst Money Laundering Concerns

OKX Exchange Announces Venom Network's VENOM Token Listing

OKX, one of the world’s leading crypto exchanges and a pioneer in Web3 technology, has announced the listing of Venom Network’s native token, VENOM, on its spot market. This strategic move is set to take place on March 25, 2024, at 8:00 AM (UTC), providing OKX users with the ability to trade VENOM against the … Continue reading OKX Exchange Announces Venom Network's VENOM Token Listing

KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses

The United States Department of Justice has revealed that KuCoin, one of the world’s largest cryptocurrency exchanges, and its founders, Chun Gan (also known as “Michael”) and Ke Tang (also known as “Eric”), have been charged with criminal offenses related to the Bank Secrecy Act and unlicensed money transmission. According to the indictment, KuCoin and … Continue reading KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses

Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown

HKVAEX, a cryptocurrency exchange based in Hong Kong, has announced a phased suspension of its services, culminating in the full closure of its platform. This decision comes amidst a backdrop of increasing regulatory scrutiny in the global cryptocurrency industry. HKVAEX’s service suspension coincides with a period of heightened regulatory focus, especially in regions like Hong … Continue reading Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

The Commodity Futures Trading Commission (CFTC), a regulatory body overseeing commodity and derivatives markets in the United States, has once again asserted its authority in the rapidly evolving world of cryptocurrency. On March 26, 2024, the CFTC filed a complaint in the U.S. District Court for the Southern District of New York, taking action against … Continue reading CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

Base Layer-2 Protocol Shatters DEX Trading Volume Record with $1.21B Surge

The Base layer-2 Ethereum network developed by Coinbase has reached an unprecedented peak in trading volume on decentralized exchanges (DEXs), hitting a record-breaking $1.21 billion on March 30, according to Dune, marking a significant 25% increase from the prior day’s impressive $959.63 million. The majority of this trading volume was facilitated by Uniswap, one of the leading … Continue reading Base Layer-2 Protocol Shatters DEX Trading Volume Record with $1.21B Surge

Ethena Labs Airdrops $450M in Tokens, Largest Wallet Nets $2M

Ethena Labs conducted an extensive airdrop campaign on April 2, distributing $450 million worth of Ethena tokens to several eligible wallets. The airdrop, which is a common strategy used by crypto projects to increase token distribution and engage the community, was completed by 7:17 am UTC, with the tokens being listed for trading on various … Continue reading Ethena Labs Airdrops $450M in Tokens, Largest Wallet Nets $2M

Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

The cryptocurrency exchange Binance is confronting increased regulatory pressures in Nigeria as authorities have escalated their accusations against the global digital asset platform. In a recent turn of events, Binance has been accused of facilitating activities that allegedly contributed to the crash of the Nigerian currency, the naira, in February 2024. These developments come despite … Continue reading Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

HashKey Group Announces HashKey Chain

HashKey Group, a prominent player in Asia’s digital asset financial services sector, has unveiled its latest venture in the burgeoning Web3 landscape – the HashKey Chain, according to press release shared with Blockchain.News. This Ethereum Layer-2 network was announced at the 2024 Hong Kong Web3 Festival, marking a significant expansion of HashKey’s Web3 Ecosystem. HashKey … Continue reading HashKey Group Announces HashKey Chain

Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury

A jury in the US District Court for the Southern District of New York has found Terraform Labs and its co-founder Do Kwon liable for defrauding investors. The verdict was handed down after deliberations that declared the company had engaged in the unlawful offering and selling of crypto asset securities, bypassing the regulatory framework established … Continue reading Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury

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