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Gemini Pulled $282M Earn Users' Funds From Genesis Last Year to Protect Customers

28.9.2023
Gemini said it elected to increase its liquidity reserves owing to the market turmoil throughout the summer of 2022, following events such as the collapse of the TerraUSD stablecoin

Coinbase International launches perpetual futures trading for retail customers

28.9.2023
The recent regulatory approval for the international subsidiary of Coinbase comes within a month of getting the NFA nod to offer crypto derivatives services to institutional clients in eligible US states

Binance Reopens Registrations in Belgium, Restores Services

27.9.2023
Cryptocurrency exchange Binance is now accepting new registrations of Belgian users following an interruption caused by regulatory actions against it. In June, the trading platform was ordered to cease providing crypto exchange and custody services in the EU country. Binance Returns to Belgium...

Crypto lender BlockFi gets court nod to repay customers

27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment

Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Changes

26.9.2023
JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted. Chase UK to Halt Crypto Payments...

SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers

26.9.2023
On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan. Last week, in the Friday lawsuit, Celsius stated its plans to use Coinbase to distribute...

Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes

22.9.2023
Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their...

Citi Token Services will provide payments, liquidity to institutional customers

18.9.2023
The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots

Bittrex Exchange Bankruptcy: Customers Leaving Money Behind – Here's the Latest

18.9.2023
The majority of Bittrex US customers are leaving money behind by failing to claim their assets. The deadline for approximately 1.6 million customers to claim their crypto assets on Bittrex US and Bittrex Malta exchanges passed on August 31. However, only 35,972 customers, less than 3% of those...

FTX Restores Full Access to Claims Portal After Cybersecurity Breach

17.9.2023
The portal allowing FTX customers to file claims with the bankrupt cryptocurrency exchange is again fully operational after a recent security incident. User accounts that were affected by the breach in August have been unfrozen, the failed crypto trading company announced. Crypto Exchange FTX...

Surprisingly Few U.S. Customers Want Their Bittrex Money Back

13.9.2023
The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back

Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan

13.9.2023
A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”

Ripple compensates the losses of Fortress’ customers

11.9.2023
Ripple has taken the initiative and compensated the losses incurred by the customers of the startup Fortress Trust, which is into the blockchain framework. This is a step in the direction of its plan to take over the company. Fortress sent out a tweet stating that its customers were impacted by...

Turkish Crypto Exchange Boss Gets 11,196 Years in Prison

10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...

Circle Partners With Mercado Pago to Offer USDC to Chilean Customers

1.9.2023
Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services...

Binance Finds Way to Serve Belgian Users After Cease Order

31.8.2023
Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers...