Futures exchange behemoth, CME Group, rumoured to be starting their own spot Bitcoin exchange May 17, 2024 When crypto natives think of spot exchanges, Binance, Coinbase and Uniswap are the main ones that come to mind. However, they may now have a major competitor entering the market. This player is a Wall Street-native, and also happens to be the largest futures exchange in the world.
Former Binance CEO faces four months behind bars May 2, 2024 On Tuesday, crypto took another blow from the US as industry icon “CZ” was sent to prison. This time it was Changpeng Zhao (CZ), the founder and former CEO of Binance, crypto’s largest centralised exchange, feeling the wrath of the US government. CZ received a four-month federal prison sentence for his role as CEO of the exchange and for breaching the Bank Secrecy Act. He will be the first CEO to go to prison for non-compliance with this act.
OKX launches its Base rival “X Layer” April 17, 2024 Last cycle, all eyes were on the centralised exchange Binance. Law enforcement agencies had yet to launch any attacks and its founder, Changpeng Zhao, was also still at the helm. But, even after its battles with regulators, according to The Block's data, the exchange still maintains over 40% spot trading volume dominance. However, its own chain, Binance Smart Chain, is quickly losing its dominance.
Crypto ‘Wild West’: City regulator accused of pushing firms abroad April 16, 2024 The City watchdog has been accused of pushing British crypto firms abroad with its approach to regulation. Lars Mucklejohn takes a closer look at where the UK's digital assets industry is heading
DOJ and CFTC set their sights on KuCoin March 28, 2024 This week, the crypto market experienced some of the most severe fear, uncertainty and doubt (FUD) of the cycle so far. Not only did two US government agencies indict one of the largest centralised exchanges on criminal charges, but North Korean hackers also exploited a popular protocol on a new Ethereum Layer 2. So, just a normal day during a crypto bull market. The exchange in question was KuCoin.
Building Blocks: the future is multichain March 25, 2024 In the rapidly changing world of blockchain, the future appears to be multichain. But what does it mean to be multichain, and why is it crucial for the growth and adoption of decentralized technology? Let's dive into the topic of interoperability and explore the solutions that are shaping the blockchain industry.
Building Blocks: understanding the layers of blockchain technology March 18, 2024 All good things have layers. There are layers in good food, layers in good clothing and layers in good technology. Take for example a mobile phone. Here we have mobile networks, physical mobile devices, different operating systems and then the different apps available on the operating system. Each of these parts of a phone are layers: The network is Layer 1; the Operating system is Layer 2; and then App stores/apps are Layers 2/3.
Love them or hate them, Memecoins are a new paradigm March 11, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets While all eyes are on Bitcoin and the question when, not if, it will break its All-Time-High price, another group of tokens has taken the market by storm: Memecoins. [...]
Judge approves Binance £3.4bn guilty plea as US seeks to modify founder Zhao’s bond February 24, 2024 A US judge on Friday accepted Binance’s guilty plea and more than $4.3bn (£3.4bn) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US district judge Richard Jones in Seattle approved the plea, which includes a $1.8bn (£1.4bn) criminal fine and $2.5 (£2bn) billion [...]
Coinbase is flying despite regulatory attacks February 19, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets In Coinbase’s latest advertisement, President Abraham Lincoln is depicted on a United States Cent asking to be ‘taken off this piece of scrap metal’ and to be [...]