In a significant development within the realm of traditional finance (TradFi) intersecting with digital assets, Visa has officially announced a partnership with Coinbase, aiming to enhance the user experience for cryptocurrency transactions. This strategic collaboration, which was detailed in a statement released on October 29, will introduce instant deposit services for customers who utilize eligible
Exchanges
In November 2023, FTX, the beleaguered cryptocurrency exchange, announced that it had reached a pivotal settlement agreement with Bybit and its affiliates, totaling $228 million. This settlement comes on the heels of a tumultuous bankruptcy saga that began in November 2022, raising questions about asset recovery and the implications of extensive market dynamics in the
In a notable development within the crypto landscape, Kraken, a prominent cryptocurrency exchange, has unveiled its ambitious plan to launch Ink—a layer-2 network on Ethereum utilizing the Optimism Superchain. This announcement, made on October 24, signals a pivotal transition from traditional centralized exchange models to a more decentralized framework. The foresight exhibited in this project
In a significant move toward greater transparency, Indian cryptocurrency exchange WazirX has recently publicized its proof-of-reserves (PoR) report, revealing critical insights into the management of customer assets. According to a statement released on October 25, the exchange disclosed that over 40% of its customer assets are currently stored on third-party exchanges, raising vital questions about
The recent closure of numerous cryptocurrency exchanges in South Korea has compelled over 33,000 investors to grapple with inaccessibility to their digital assets, a situation that amounts to nearly $13 million. As detailed by local media on October 14, the shutdowns are largely attributed to the enforcement of the Virtual Asset User Protection Act, which
The downfall of FTX, once a titan in the cryptocurrency realm, sent shockwaves through financial markets and raised pivotal questions regarding regulatory safeguards in digital asset trading. As investigations progressed, the role played by former executives emerged as crucial keyholders to the truth behind FTX’s operational strategies and ethical failures. In this context, Nishad Singh,
The recent legal troubles surrounding Tigran Gambaryan, a high-ranking executive at Binance Holdings, have captured the attention of both the cryptocurrency community and legal observers worldwide. Arrested in February 2024 upon his arrival in Nigeria, Gambaryan and his colleague Nadeem Anjarwalla were reportedly engaging in discussions with local government officials. These discussions were part of
Coinbase, one of the leading cryptocurrency exchanges in the United States, has recently stepped up its efforts to attain clearer regulatory guidelines concerning the crypto industry. On October 18, 2023, Coinbase initiated two new Freedom of Information Act (FOIA) requests, further emphasizing its push for transparency within the regulatory framework governing digital assets in the
The collapse of FTX, once a towering figure in the cryptocurrency exchange landscape, sent shockwaves throughout the financial world. At the heart of this disintegration were key executives whose decisions—not to mention their ethical considerations—played pivotal roles in the company’s downfall. Among these figures is Nishad Singh, FTX’s former engineer, who now faces the consequences
The ongoing legal skirmish between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains a focal point of interest in the cryptocurrency landscape. As of October 17, the SEC has intensified its appeal against certain findings of Judge Analisa Torres’ previous judgment that provided a partial victory to Ripple. This article delves into