Global #cryptocurrency industry

Tigran Gambaryan, the Chief Financial Crime Compliance Officer at Binance, has been detained in Nigeria for over six months amid allegations of money laundering linked to the exchange’s operations.

Coinbase achieved a partial legal victory against the U.S. Securities and Exchange Commission (SEC), potentially gaining access to crucial documents that could shed light on the agency’s classification of digital tokens as securities.

In a surprising turn of events, XRP, the cryptocurrency associated with Ripple Labs, is facing difficulties in gaining traction even after reaching a significant settlement with the U.S. Securities and Exchange Commission (SEC).

Tether Limited, the issuer of the USDT stablecoin, has responded to a lawsuit filed by Celsius Network Limited, branding it as “baseless” and a “meritless shakedown.”

The cryptocurrency industry across Asia is undergoing significant transformations as governments in the region introduce stricter regulations while simultaneously encouraging innovation.

Bitcoin mining, once a lucrative endeavor, is facing unprecedented challenges amidst the current volatility in the cryptocurrency market. Recent analyses underscore the precarious financial position many miners find themselves in, highlighting the potential for significant industry consolidation if BTC prices continue to decline.