Tag Archives: Exchange News

Base – the new layer-2 blockchain trading platform from Coinbase – has gotten quite big over the past few months thanks to several new meme tokens. In fact, it appears Base garnered as much as $68 million in ether over the past few weeks alone, and the network isn’t even live yet. Coinbase Layer-2 Network Sees Heavy Revenue Jumps The new meme currency that everyone seems so attracted to is called BALD, which was built atop the Base network. The asset really...

There’s a rumor swirling around that the Department of Justice (DOJ) has dropped all charges against Sam Bankman-Fried, the former (disgraced) head of the now defunct crypto exchange FTX, but the agency has put out a statement saying this is not correct. Sam Bankman-Fried Will Have One Charge Against Him Dropped At press time, it appears only one charge has been dropped against Sam Bankman-Fried, and that’s count eight, which details an alleged campaign finance...

Brian Armstrong – the CEO of Coinbase, the largest and most popular digital currency exchange in the U.S. – says that members of the Securities and Exchange Commission (SEC) approached him and his fellow crypto executives to see about the platform delisting all assets other than bitcoin prior to filing their suit against the company. Coinbase was Given an Odd Choice Coinbase is facing several charges from the SEC, which alleges that the digital currency firm...

Coinbase – one of the world’s largest digital currency exchanges – has ended its staking program in four states. At press time, California, Wisconsin, New Jersey, and South Carolina will no longer be privy to the trading platform’s earn program. Coinbase Earn Program Ends in Various Regions The move is a response to the present lawsuit the company is facing from the Securities and Exchange Commission (SEC). As it stands, the SEC made the claim that Coinbase has...

Jesse Pollak – the protocols lead for popular digital currency exchange Coinbase – believes that everyone on Earth will be introduced to blockchain and crypto within the next seven years. Coinbase Rep Thinks Everyone Will Be On-Chain in Seven Years In an interview, Pollak recently stated: Our feeling is that there’s so much growth ahead of us. We have less than ten million people on-chain today. There’s going to be eight billion people on-chain over the next...

Heather Morgan and Ilya Lichtenstein were a couple back in New York last year that tried to launder as much as $4.5 billion in bitcoin stolen from a hack on the Bitfinex crypto exchange that occurred in the year 2016. They were arrested for their roles in the incident in 2022 and now appear all set to plead guilty in the case. Heather and Ilya Are not Going to Fight the Charges News of this first came to light when it was discovered that they were newly charged in...

INX, a regulated broker-dealer in the United States, is going to be working with blockchain firm Casper Labs to tokenize and list the latter’s equity for trading on the secondary market. Casper Labs Gains More Mainstream Appeal This will allow Casper Labs to be traded publicly amongst both retail and institutional investors. In addition, the company’s listings will be on regulated exchanges like ATS and INX.One, thus showing it’s open to present laws and whatever...

Eddy Alexandre has been sentenced to nine years in prison for allegedly running a near $250 million scheme to defraud crypto investors. Alexandre operated a crypto trading company called Emini FX and is accused of defrauding 25,000 individuals. Eddy Alexandre is Heading to Jail U.S. Attorney Damian Williams offered his thoughts on the case, stating: Eddy Alexandre defrauded tens of thousands of ordinary investors of almost a quarter-billion dollars in his...

The Securities and Exchange Commission (SEC) is likely starting to sweat a little given that the Ripple case it worked so hard on hasn’t traveled in its favor. Ripple May Get the SEC to Back Off A few weeks back, a judge in New York of all places (New York is often considered a very unfriendly place when it comes to digital assets) ruled that Ripple wasn’t necessarily a security, and while not all the legal ramifications or doors have been closed yet, things are...

Alexander Mashinsky – the founder of bankrupt crypto lending platform Celsius – has been arrested and indicted on federal charges. Former Celsius Head Taken into Custody Celsius was founded in 2018. Things fell apart for the company last year during the height of the crypto winter. Users of the platform were shocked one day last summer to see that all withdrawals had been halted, and thus they couldn’t access their hard-earned money. Things, however, didn’t quite...