Coinbase sues the SEC for failure to provide regulatory clarity on crypto. In July 2022, the crypto exchange filed a petition in federal court, demanding that the US Securities and Exchange Commission (SEC) respond to their petition. Fast facts Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) late Monday, requesting that a…
Coinbase expands overseas amidst US regulatory pressure. The Bermuda Monetary Authority has granted the exchange a business license to deal in digital assets. Keynotes The Bermuda Monetary Authority has granted Coinbase, the second-largest cryptocurrency exchange in the world, a license to conduct business in digital assets. Bermuda Premier David Burt tweeted. In a series of…
Coinbase CEO Plans Relocating Company Away from the US. If the United States doesn’t modify its approach to regulation, the cryptocurrency exchange may think about relocating its headquarters elsewhere. Keynotes According to CEO Brian Armstrong, if the US doesn’t modify its approach to regulation, cryptocurrency exchange Coinbase may think about transferring its headquarters abroad. Armstrong’s…
Paxful unfreezes 88% of frozen user accounts amidst its legal challenges. The exchange reported that it had unfrozen 88% of the user accounts that had previously been frozen following the suspension of its operations. Fast facts With operations in over 160 countries, Paxful is one of the largest peer-to-peer cryptocurrency markets. Users can buy and…
Uniswap approves proposal to launch V3 on Polygon zkEVM. Uniswap v3 is already available on multiple EVM-compatible chains. Keynotes Uniswap V3 is a decentralized exchange (DEX) protocol that allows users to swap tokens and is one of the Ethereum ecosystem’s most extensively used decentralized finance (DeFi) apps. The Uniswap DAO voted in support of establishing…
Bankrupt Exchange FTX has recovered $7.3B in assets. The bankrupt crypto exchange has recovered approximately $7.3 billion in cash and liquid crypto assets and is considering reopening for business. Keynotes Following the firm’s failure under its previous CEO and founder, Sam Bankman-Fried, FTX’s new leadership, led by current CEO John J. Ray III, is attempting…
Coinbase secures $470,000 in its first insider trading case. The exchange has been awarded $470,000 in damages after winning an insider trading case. Keynotes Following a guilty plea in a Manhattan court, Coinbase was awarded nearly $470,000 in damages. The sibling of a former employee was accused of benefiting from an insider trading scheme. After…
SushiSwap DEX Recovers 100 Ether After Weekend Exploit. The platform has revealed that it was able to recover 100 ETH, worth approximately $186,000, following the weekend exploit. Keynotes SushiSwap, a decentralized finance protocol, has recovered 100 Ether (ETH) worth $186,000 that a hacker drained from one of its users’ wallets following a $3.3 million exploit…
Bitget launches a $100 million fund in Asia’s Web3 ecosystem. The Seychelles-based cryptocurrency exchange has announced the establishment of a new $100 million fund to invest in Web3 startups. Keynotes Bitget is a cryptocurrency exchange and trading platform for digital assets. The platform has launched a $100 million fund to aid in the development of…
Coinbase intends to incorporate the Bitcoin Lightning Network (LN). By moving transactions off the main blockchain, the Lightning Network enables users to send and receive Bitcoin quickly and cheaply in a secure manner. Keynotes Coinbase, the largest cryptocurrency exchange in the US, has announced plans to incorporate the Bitcoin Lightning Network (LN) into its platform….