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Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
7.6.2023
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit,...
Cboe Receives CFTC Approval to Launch Leveraged Crypto Derivatives
7.6.2023
Crypto exchange and clearinghouse Cboe Digital will be able to offer margined bitcoin and ether futures contracts with the approval of the U.S. derivatives markets regulator. This will allow its clients to trade cryptocurrency futures with less collateralized capital upfront. Cboe Wins Regulatory...
Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits
6.6.2023
The U.S. Securities and Exchange Commission sued Coinbase for violating federal securities laws on Tuesday, a day after filing a lawsuit against rival exchange Binance
Are Centralized Exchanges in the U.S. Doomed?
6.6.2023
With the SEC’s Binance and Coinbase lawsuits, the agency is signaling it really is now or never to “come into compliance.”
As Crypto Prices Crash, Whales are Accumulating $WSM Before it Lists on Exchanges – What Do They Know?
6.6.2023
In an increasingly unpredictable cryptocurrency market, meme coins are establishing their foothold.
One such coin garnering attention before its listing on exchanges is Wall Street Memes ($WSM).
With a dedicated community and a performance-driven track record, $WSM has accumulated over $4.5...
Atomic Wallet Hack: Team Claims No Assets Have Been Lost in More Than 40 Hours
6.6.2023
The Atomic Wallet team claimed on June 4 that the hacking incident in which digital assets worth nearly $35 million were stolen has only affected less than 1% of its monthly active users. The team also promised to report “victim addresses to major exchanges & blockchain analytics to trace...
BNB Plunges 9% as Binance Faces Lawsuit, Exchange’s Bitcoin Reserves Record Significant Outflow
5.6.2023
Following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its founder Changpeng Zhao (CZ), the crypto economy experienced a substantial decline of over 5% against the U.S. dollar, reaching a total valuation of $1.13 trillion. Among the leading digital...
Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange
5.6.2023
Taking up an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”
Coinbase CEO Brian Armstrong: China Will Benefit From Restrictive US Crypto Policies
3.6.2023
Coinbase CEO Brian Armstrong has stated China will be one of the biggest beneficiaries of how the U.S. is approaching cryptocurrency regulation. According to Armstrong, the current regulatory system drives cryptocurrency innovation offshore, while other countries like China embrace these...
Coinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures
2.6.2023
These products come on the back of the nano futures that were launched last year
Binance CEO Changpeng Zhao on Layoffs Rumors: ‘Another Day, Another FUD’
2.6.2023
Changpeng “CZ” Zhao has answered the rumors of mass layoffs at Binance, with reports stating that up to 20% of the current workforce of the exchange might be forced to abandon their positions due to poor market conditions. Zhao declared this was another attempt at spreading FUD...
Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
1.6.2023
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said...
Binance Chief Communications Officer Responds to Reports on Job Cuts
31.5.2023
Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning.
Binance’s Patrick Hillmann retweeted a post from independent journalist Colin Wu, who had reported...
Crypto Exchange Bybit Granted In-principle Approval to Operate in Kazakhstan
31.5.2023
Cryptocurrency exchange Bybit has received an in-principle approval to work in Kazakhstan, a jurisdiction increasingly seen by crypto companies as a gateway to the former-Soviet space. The trading platform wants to expand its presence in the region and other emerging markets. Bybit on Route...
Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt
30.5.2023
Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin...
Binance in Talks To Let Traders Keep Collateral at a Bank: Bloomberg
30.5.2023
Binance, the world’s largest crypto exchange, is in the midst of discussing a proposal to let some of its institutional clients keep their trading collateral at a bank, instead of with the crypto platform, according to Bloomberg News. ...
Read More: Binance in Talks To Let Traders Keep Collateral...
Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions
30.5.2023
The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets Committee, stated that crypto exchanges could help...
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
30.5.2023
Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region
Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange
30.5.2023
The Russian government is switching gears as it no longer plans to create a national cryptocurrency exchange, and instead will write rules for multiple crypto exchanges, according to a local news site.
Anatoly Aksakov, member of one of the chambers of the Russian parliament, spoke to news outlet...