Tag Archives: Exchange News

Digital Surge – a crypto exchange in Australia – is getting a big pat on the back today after avoiding liquidation and enforcing a last-minute plan to keep itself open. Stakeholders of the company signed a recovery plan in mid-February which allowed the company to remain online. The exchange endured a short period of non-trading, though services resumed just a week after the deal went through. Digital Surge Is Its Own Superman Things were coming up on the final seconds...

Prosecutors in the case against both Sam Bankman-Fried and his now defunct crypto company FTX are asking the judge overlooking things to allow them access to a virtual private network (VPN) that SBF used to garner access to the internet. They are unsure of what his activities were, and they believe that new bail conditions now need to be set for the former crypto executive. Sam Bankman-Fried Used a Private Network for Internet Access Danielle Sassoon – a prosecutor in...

Eddy Alexandre – a man in New York – entered a guilty plea in mid-February this year after conducting a crypto fraud scheme that stole nearly $250 million from assorted investors. Eddy Alexandre Pleads Guilty Damian Williams – the U.S. attorney for the Southern District of New York – issued a statement claiming that Alexandre, between the months of September 2021 and May 2022, ran an illegal crypto exchange known as Emini FX. During that time, Alexandre solicited as much...

Coinbase is upping its game in the recent staking battle begun by the Securities and Exchange Commission (SEC). The popular digital trading platform is moving to the frontlines and has vowed to become the top soldier in the war against staking practices. Coinbase Is Becoming a Staking Colonel Not long ago, the SEC struck at Kraken, a popular crypto exchange based in Northern California. As part of a court settlement, the firm vowed to cease all its staking services. It...

With the recent news surrounding Kraken and the SEC, many digital currency participants believe a staking ban could be around the corner. Could Kraken Just Be the Start? Earlier today, Live Bitcoin News put out an article talking about how popular digital currency exchange Kraken had settled with the SEC and agreed to shut down its staking program as part of the settlement. The company will also part with more than $30 million in penalty fees. A spokesperson for Kraken...

It looks like Brian Armstrong of Coinbase fame was right to be as concerned as he was about the SEC and other organizations targeting crypto staking. In the latest headlines, the Securities and Exchange Commission has gone after Coinbase’s competitor Kraken. The exchange has agreed to shut down all its staking services as part of a settlement agreement and pay up to $30 million in fees. SEC Goes After Kraken In a complaint against the Northern California-based trading...

Not that long ago, Live Bitcoin News published an article talking about how the brother of a former Coinbase employee was found guilty of insider trading in what was arguably the first-ever insider trading case surrounding crypto. Now, it looks like the actual employee – who orchestrated the scheme – has pleaded guilty to charges similar with those presented to his sibling, and he’s set to be sentenced in roughly two months. Former Coinbase Employee to Be Sentenced in...

Dublin-based crypto exchange OKX has hinted that it’s potentially looking into laying off roughly one percent of its staff as a means of saving money and helping itself during this time of recovery after the 2022 crypto winter. Is OKX the Next Crypto Firm Looking to Let Employees Go? Right now, the company is putting all employees through a consultation period. The goal is to see what resources can be reallocated and to see which members of the present headcount are no...

Brian Armstrong – the man in charge of Coinbase, arguably the biggest and most popular digital currency exchange in the United States – has warned that the Securities and Exchange Commission (SEC) is likely to crack down on a process called staking, which could wind up hurting tokens such as ETH. Coinbase Says No Staking Could Be Devastating In a recent statement, Armstrong said that should the SEC decide against the practice of staking for retail investors, this could...

Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried Must Follow Strict Communication Rules A letter from defense lawyer Mark Cohen details how Sam Bankman-Fried can and can’t communicate with others as he awaits his October trial at his parents’ home. Granted the judge gives the final seal of approval on the communication...