Tag crypto-exchange
Philippines SEC Directs Removal of Binance from App Stores by Apple and Google
US Prosecutors Seek 36 Months’ Jail Term for Binance Founder CZ
Key Takeaways Changpeng Zhao, the founder of Binance, could be looking at a harsher sentence than initially expected. In the latest court filing, US prosecutors have stated that CZ should serve 36 months in prison after pleading guilty to violating…
FTX Sues Hong Kong Affiliate’s Ex-Employees for $157.3 Million Recovery
Key takeaways : In a high-stakes legal confrontation, bankrupt cryptocurrency exchange FTX has initiated legal proceedings against four former employees of its Hong Kong-based affiliate, Salameda. This affiliate is believed to have been directly overseen by FTX’s former CEO, Sam…
Binance Faces Lawsuit in Canada for Alleged Securities Law Violations
WOO X Introduces World’s First Tokenized T-Bills with Retail Investors Access
Key takeaways: Cryptocurrency exchange Woo X has made waves in the sector by unveiling a revolutionary product that enables retail customers to invest in tokenized U.S. Treasury bills, marking a significant milestone in the industry’s evolution. Developed in collaboration with…
Hong Kong Securities Officials Call for Crypto Self-Regulation
Key Takeaways The Hong Kong Securities and Futures Professionals Association (HKSFPA) is calling for independent self-regulatory organizations (SROs) to oversee the crypto industry, arguing that the current system is tilted too heavily towards supervision and stifles innovation. “The Hong Kong…
ZKasino Users Demand Refunds After $33M in Bridged Ether Transferred to Lido
Key takeaways: Amidst allegations of investor scam, the decentralized gambling network ZKasino finds itself embroiled in controversy, with crypto venture capital firm Big Brain Holdings disavowing any investment in the project. The fallout comes after ZKasino’s announcement of a $26…