cryptocurrency exchanges

  1. Hanno Labuschagne

    One big thing that impacts crypto trading in South Africa

    One big thing that impacts crypto trading in South Africa Cryptocurrency trading activity in South Africa is heavily influenced by whether the price of Bitcoin is going up. This is according to three major local crypto exchange providers — VALR, Luno, and Altify.
  2. Hanno Labuschagne

    25 years jail-time for SBF

    25 years jail-time for SBF FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has upended the crypto industry. US District Judge Lewis A. Kaplan delivered the sentence in federal court...
  3. Hanno Labuschagne

    SIM-swapping fraudsters took R7.5 billion from FTX after bankruptcy

    SIM-swapping fraudsters took R7.5 billion from FTX after bankruptcy Three people have been charged with orchestrating a SIM-swapping scam that siphoned more than $400 million (R7.45 billion) from FTX as the cryptocurrency exchange spiraled into bankruptcy. Hours after FTX filed for bankruptcy...
  4. Hanno Labuschagne

    Binance sued for allowing Hamas to trade crypto

    Binance sued for allowing Hamas to trade crypto An American mother who was taken hostage by Hamas in Gaza and the relatives of two men killed following the terrorist group’s Oct. 7 attack, sued crypto giant Binance for allegedly facilitating the violence. Judith Raanan, who was released with...
  5. Hanno Labuschagne

    CZ cannot return to home in UAE — for now

    CZ cannot return to home in UAE — for now Binance Holdings Ltd. co-founder Changpeng Zhao can’t return to his home in the United Arab Emirates for now, a federal judge in Seattle ruled. US District Judge Richard Jones on Monday put on hold a ruling granting the billionaire’s request to return...
  6. Hanno Labuschagne

    These are the major tasks ahead for new Binance CEO Richard Teng

    These are the major tasks ahead for new Binance CEO Richard Teng Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These are just some of the tasks for crypto exchange Binance’s new head Richard Teng. Teng, 53...
  7. Hanno Labuschagne

    Binance and CZ fined over R80 billion for failing to report terrorist transactions

    Binance and CZ fined over R80 billion for failing to report terrorist transactions Binance Holdings Ltd. and its chief executive officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency...
  8. Hanno Labuschagne

    SBF facing over 100-year jail sentence after guilty verdict

    SBF facing over 100-year jail sentence after guilty verdict Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of his FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends...
  9. Hanno Labuschagne

    SBF is staying in the tjoekie

    SBF is staying in the tjoekie Sam Bankman-Fried’s request to be released from jail ahead of his Oct. 3 fraud trial was denied by a federal appeals court, hours after he lost a separate ruling that blocks him from calling expert witnesses for his defense. The former FTX co-founder has been...
  10. Hanno Labuschagne

    Genesis shuts down all crypto trading

    Genesis shuts down all crypto trading Genesis will no longer offer cryptocurrency trading services through any of its business entities after halting spot and derivatives transactions through GGC International Ltd. The affiliate of Barry Silbert’s Digital Currency Group was once one of the...
  11. Hanno Labuschagne

    Binance lays off third of workforce — including US CEO

    Binance lays off third of workforce — including US CEO Binance.US chief executive officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by chief legal officer Norman Reed, according to a company spokesperson. The departure comes as the company...
  12. Hanno Labuschagne

    FTX working on reboot plan

    FTX working on reboot plan A plan to reboot a new version of the defunct crypto exchange FTX Group may emerge as soon as next year, potentially injecting a jolt of activity back into a market that’s been largely subdued since the platform’s collapse. More than 75 bidders have been contacted by...
  13. Hanno Labuschagne

    Ex-OpenSea product manager sentenced to three months in jail

    Ex-OpenSea product manager sentenced to three months in jail A former employee at the NFT marketplace OpenSea was ordered to spend three months behind bars after being convicted in the first-ever insider-trading case involving digital assets. Nathaniel Chastain, who used confidential...
  14. Hanno Labuschagne

    FTX reveals draft plan to pay back the money

    FTX reveals draft plan to pay back the money FTX Group unveiled a draft creditor-repayment plan as part of its bankruptcy that calls for settling customer claims in cash and wiping out its digital token FTT. The plan — which FTX expects to amend based on feedback from stakeholders — proposes...
  15. Hanno Labuschagne

    FTX sues SBF and former associates over R17.9 billion in bad deals

    FTX sues SBF and former associates over R17.9 billion in bad deals Bankrupt FTX Trading Ltd. will try to claw back millions of dollars in cash and unwind more than $1 billion (R17.88 billion) in questionable transactions as part of a new lawsuit filed against company founder and alleged...
  16. Hanno Labuschagne

    Binance.US losing access to banks

    Binance.US losing access to banks Binance.US is being cut off from its banking partners in the fallout from a Securities and Exchange Commission lawsuit against the cryptocurrency exchange. In an email to customers, the platform said its payment and banking partners have signalled an intent to...
  17. Hanno Labuschagne

    CZ's potential successor

    CZ's potential successor In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe. Binance’s payments partner in Australia had abruptly cut it off, meaning local customers couldn’t deposit Aussie dollars on the platform via bank transfer...
  18. Hanno Labuschagne

    Binance restores Bitcoin withdrawals after two halts

    Binance restores Bitcoin withdrawals after two halts Binance restarted withdrawals of Bitcoin after citing congestion on the token’s blockchain for two halts in less than 12 hours, suspensions that weighed on cryptocurrency markets. The company said higher fees have been applied to pending...
  19. Hanno Labuschagne

    FTX could reboot exchange using money owed to customers

    FTX could reboot exchange using money owed to customers FTX may use money marked to repay customers to restart its failed crypto exchange because the project would require a significant amount of cash, a lawyer for the company said in court Wednesday. The company is still in the early stages...
  20. Hanno Labuschagne

    SBF not allowed to use smartphone while out on bail

    SBF not allowed to use smartphone while out on bail Sam Bankman-Fried’s communication device will be a flip phone or some other “non-smartphone” without internet capabilities or such access disabled while he’s out on bail, prosecutors said. Limiting the FTX founder’s access to a device that...
Back
Top