Crypto Exchanges

Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors

Feb 18, 2023 | Crypto Exchanges

Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former...

The SEC shook Kraken down for $30M, but it doesn’t mean they had a case

Feb 15, 2023 | Crypto Exchanges

The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided to buy its...

Circle blew the whistle on Binance reserves to NYDFS: Report

Feb 13, 2023 | Crypto Exchanges

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD. According to a Feb. 13 Bloomberg report, Circle alerted NYDFS in an autumn 2022...

Coinbase will ‘happily defend’ staking in U.S. courts, says CEO

Feb 12, 2023 | Crypto Exchanges

Crypto exchange Coinbase’s executives are standing up for its crypto staking services, claiming it cannot be classified as a security, and threatening to bring the matter to the courts in the United States. Brian Armstrong, Coinbase CEO, posted on Twitter that...

Kraken’s staking down, FTX post-bankruptcy hell and Binance news: Hodler’s Digest, Feb. 5-11

Feb 11, 2023 | Crypto Exchanges

Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking services or programs to United States clients after reaching an agreement with the U.S. Securities and Exchange...

Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program

Feb 10, 2023 | Crypto Exchanges

The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds...

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IMF Board Offers Guidance for Developing Effective Crypto Policies

The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets...

Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC's market cap past that of payment processing giant Visa once again. With the BTC price currently at ,365, its market cap of 0.16 billion is now marginally above that of Visa with a market cap...

Ethereum found massive bug, Shanghai upgrade may be delayed – Report

Ethereum core developer Tim Beiko noted that the indicated Shapella bug should not impact the timeline for the Sepolia upgrade scheduled for February 28. With the Shapella test run results out, Beiko noted that some parameters are not pleasing, and the developers are...

Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors