Former executives of FTX, a well-known cryptocurrency exchange, have faced allegations of channeling funds toward ventures unrelated to their core business. Among these ventures is the notable “Pineapple House,” an extravagant expenditure amounting to an astonishing $1.8 million. Quick facts: The allegations, outlined in an investigative report by FTX restructuring chief and CEO John Ray, … Read more
In the latest blow to Binance, the world’s largest cryptocurrency exchange by trading volume, its European expansion campaign faces increasing hurdles as the company struggles to obtain licenses in a number of countries. Quick facts: Binance has reportedly withdrawn its application for registration with the Austrian Financial Market Authority (FMA). According to FinanceFWD, a German … Read more
Binance, a major force in the cryptocurrency exchange space, is now facing a significant decline in market share due to a series of regulatory hurdles. Quick facts: The world’s largest crypto exchange has been grappling with various legal challenges and regulatory actions, resulting in a substantial erosion of its market dominance. According to Bloomberg, Binance’s … Read more