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Media outlets, including Bloomberg, Dow Jones & Company, The New York Times, and the Financial Times, have reportedly challenged a decision made by United States bankruptcy Judge John Dorsey to seal the names of FTX customers from the public. Legal representatives of these outlets argue that FTX should not be granted a broad exception to

In a bid to overcome network congestion challenges and facilitate smoother Bitcoin (BTC) deposits and withdrawals, Binance, a prominent cryptocurrency exchange, has taken a significant stride by implementing nodes on the Bitcoin Lightning Network. The move represents a pivotal step towards integrating the Lightning Network for seamless transactions. On June 20, Binance officially confirmed the

Bankrupt cryptocurrency exchange FTX is grappling with escalating legal and advisory costs, as revealed in recent filings submitted by the exchange’s bankruptcy advisors. Between February 1 and April 30, FTX was billed an astonishing $121.8 million in fees and expenses by its advisors. Leading the charge was law firm Sullivan & Cromwell, which charged FTX

Crypto.com, a prominent cryptocurrency exchange based in Singapore, is facing scrutiny due to its utilization of internal teams for token trading with profit motives. The Financial Times has reported that the exchange operates proprietary trading and market-making teams, leading to concerns about potential conflicts of interest among industry insiders. According to individuals familiar with the

The recent move by investment giant BlackRock to apply for a spot Bitcoin exchange-traded fund (ETF) has sparked a flurry of activity, with two other investment managers, WisdomTree and Invesco, filing for their own spot Bitcoin ETFs shortly after. On June 21, WisdomTree, a New York-based asset management fund, filed a request with the US

Cryptocurrency fund manager Valkyrie has joined the growing list of financial firms applying for a Bitcoin spot exchange-traded fund (ETF), signaling the increasing interest in bringing crypto investment options to mainstream investors. The company’s move comes as at least three other major players have recently filed similar applications with the United States Securities and Exchange

The International Monetary Fund (IMF) has unveiled plans for a ground-breaking cross-border payment system that harnesses the power of a single ledger to record transactions involving central bank digital currencies (CBDCs). The IMF introduced the concept of this “new class” of payment platform during a roundtable on CBDC policy, in collaboration with the central bank

Bitcoin’s recovery from recent lows gained momentum following updates in U.S. macroeconomic policies, potentially leading to sustained progress over the upcoming holiday weekend. After hitting its lowest levels since early March, the BTC price surged toward a critical area, crossing $26,000 on Bitstamp, according to data from numerous crypto analysis blogs and reports. The rebound

Following the Nigerian Securities and Exchange Commission’s (SEC) circular declaring Binance Nigeria Limited illegal in the country, Binance CEO Changpeng Zhao has announced that Binance has formally sent a  cease-and-desist notice to the fraudulent entity known as Binance Nigeria Limited. Zhao took to Twitter on Sunday, June 18, to make this announcement, citing the SEC’s

According to Zahreddine Touag, head of trading at Paris-based market-making firm Woorton, the rise in OTC demand has been steady since the collapse of FTX in November, and subsequent spikes have been attributed to the failures of several crypto lenders last year as well as the recent SEC lawsuit against Binance. In the face of