Category: Exchanges

Florida Man Ordered To Pay $7,600,000 in Restitution After Promoting Supposed ‘Gold-Backed’ Cryptocurrency Scam

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A federal court has ordered a Florida resident who operated a digital asset fraud scheme years ago to pay millions of dollars in restitution, according to the U.S. Commodity Futures Trading Commission (CFTC). The CFTC says that the U.S. District Court for the District of Massachusetts has imposed a consent order on Randall Crater, requiring him to pay more than $7.6 million to victims of his crypto asset scam. According to the CFTC, Crater fraudulently offered a virtual currency known as My Big Coin (MBC) for sale to dozens of…

President Trump Does Prisoner Swap With Russia, Freeing Crypto Exchange Owner With American Teacher: Report

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President Donald Trump has reportedly traded prisoners with Russia, freeing the former owner of a crypto exchange for American teacher Marc Fogel. According to a new report by The New York Post, anonymous White House officials say Trump has swapped Russian prisoner Alexander Vinnik – who was convicted of money laundering through the crypto exchange BTC-e, which he founded in 2011 – for Fogel. Vinnik, a computer scientist, was convicted in 2020 by a French court for laundering money and sentenced to five years in prison. He also pleaded guilty…

Binance-Backed Memecoin Rips 1,267% After Crypto Exchange Announces Trading Support

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A memecoin launched on the BNB Chain put up massive gains after top global crypto exchange Binance rolled out support for it. In a new announcement, Binance says that it is adding support for Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Amid the listing news, TST soared to an all-time high of $0.5113 from its low of $0.02607. The memecoin has since retraced. TST is trading for $0.1717 at time of writing,…

Crypto Exchange Giants Face January Blues as Trading Volumes Crash

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Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 In this executive interview at the iFX Expo Dubai 2025, Alan Ali,…

Korea Exchange Chief Pushes for Crypto ETFs to Boost Markets

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South Korea must embrace cryptocurrency ETFs now to stay ahead, says the Korea Exchange chairman, calling them a game-changer for market growth and financial innovation. Crypto ETFs Are the Future: Korea Exchange Chairman Pushes for Approval Jung Eun-bo, chairman of the Korea Exchange, has called for the listing of cryptocurrency exchange-traded funds (ETFs) in South […] Source

Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report

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A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a lawsuit that alleges the firm illegally sold securities in the form of digital assets to customers without being registered as a broker-dealer. Engelmayer says that Coinbase’s claim was invalid because it never passed title to…

Top US Crypto Exchange Coinbase Adds Three New Altcoins to Its Listing Roadmap

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Coinbase added three relatively new altcoins to its listing roadmap on Friday, putting the tokens on the potential path toward trading on the top US digital asset exchange. The firm could soon support Morpho (MORPHO), Popcat (POPCAT) and Pudgy Penguins (PENGU). Morpho is a decentralized lending protocol built on the Ethereum (ETH) blockchain. The project’s native token launched in June 2022 and is trading at $1.81 at time of writing. The 188th-ranked crypto asset by market cap is down nearly 2% in the past 24 hours. Popcat is a Solana…

Crypto Exchange Giant Bybit Shells Out $1,000,000 Penalty to Regulators To Resume Operations in India

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The world’s second-largest crypto exchange by trading volume is re-entering the Indian market after securing mandatory registration with regulators and paying a $1 million fine. Last month, Dubai-based exchange Bybit announced a temporary suspension in India, preventing users in the country from opening trades or accessing products on its platform and only allowing withdrawal transactions. The exchange failed to register with India’s Financial Intelligence Unit (FIU-IND) as required by the country’s anti-money laundering regulations. As a result of the violations, the regulator blocked Bybit’s websites and imposed a monetary penalty…

Coinbase Crosses $420,000,000,000 in Assets As CEO Brian Armstrong Ranks Crypto Exchange Among Top US Banks

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With Coinbase crossing $420 billion in assets, CEO Brian Armstrong is comparing the top US-based crypto exchange to leading US banks. In a new post to the social media platform X, Armstrong lays out the case for why he thinks Coinbase is now competing with the largest US banks, brokerages and payment companies. “If you think of Coinbase like a bank, we now hold about $0.42 trillion in assets for our customers, which would make us the 21st largest bank in the US by total assets, and growing. If you…