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Crypto Exchange Volumes Plummet: Spot Trading takes a hit
10.7.2023
The sudden and quick rise in the value of Bitcoin due to ETF investments has not been accompanied by a similar increase in trading volumes. The seven-day average for crypto exchange daily activities decreased from $19.4 billion on June 27 to $14.2 billion on July 8, according to data from The Block...
Bybit’s Copy Trading upgrade to help users with automated trading
4.7.2023
Bybit recently unveiled its Copy Trading upgrade for traders. The latest upgrade will allow users to access automated trading. The integration merges the main derivatives terminal with Bybit’s new platform. It allows traders to enjoy a suite of tools and functionalities for portfolio management....
Tradecurve to be the leading exchange following Binance and Coinbase setbacks
3.7.2023
The U.S. Securities and Exchange Commission (SEC) is now cracking down on cryptocurrency operators, making it difficult for existing exchanges like Binance and OKX to operate in the U.S. This has created an opportunity for newer exchanges, such as Tradecurve, to take advantage of the situation...
Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation
2.7.2023
According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval...
Aussies can win 1 of 3 Bitcoins
30.6.2023
Better Beer recently announced a partnership with CoinSpot for consumer competition. The treasure hunt-themed competition offers a chance for users to win one of the 3 Bitcoins. The prize pool for the event is 134,454 dollars and is exclusively available for Better Beer customers. According to...
Coinbase applauds Canadian Committee’s recommendations
29.6.2023
In a recent publication by the Canadian House of Commons Parliamentary Standing Committee on Industry and Technology (INDU), an extensive report has emerged, thoroughly exploring the applications and potential of blockchain technology in Canada. With a comprehensive set of 16 recommendations,...
Bybit to provide crypto exchange and custody services in Cyprus
27.6.2023
Bybit recently announced it was gaining a license in Cyprus. The license allows the platform to run its crypto exchange in the region. As the third-most visited exchange, Cyprus is also delighted to offer its custody services in Cyprus. The achievement shows Bybit’s commitment to offering the best...
Crypto.com launches Singapore-based Global Innovation Lab
27.6.2023
Crypto.com has announced that it is launching a Global Innovation Lab based in Singapore with the objective of bringing together the expertise of Web3, blockchain, and Artificial Intelligence. Crypto.com will leverage the potential of the region to ensure that Singapore becomes a global hub...
Gemini rolls out assistance for Voyager users
26.6.2023
Voyager has gone bankrupt, and it is now up to Gemini to help its users. The venture has therefore rolled a way to offer assistance to them by allowing them to with their digital holdings in-kind. All they have to do is create an account with Gemini, review the list of supported tokens, and...
Gemini Staking Pro now available in the UK
23.6.2023
Gemini recently announced the launch of Gemini Staking Pro in the UK. The platform is now live in the US (except New York), Brazil, Singapore, Australia, Hong Kong, and 30+ nations. Users in the United Kingdom with 32 or more ETH can now run dedicated validators on ETH. These validators will...
Crypto.com refutes all allegations against it
22.6.2023
According to the Financial Times, Crypto.com runs proprietary trading teams who involve themselves in trading against their customers, an allegation that Crypto.com completely refutes. From the viewpoint of FT, they have received input from five people who insist that exchange personnel offered...
Binance Unit in Britain Cancels UK Regulatory Authorization
20.6.2023
Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased scrutiny from regulators and ahead of Europe’s...
Mufex coming in for mainnet launch
19.6.2023
The overall cryptocurrency market is continuously witnessing exceptional growth, for which the deliverance of new projects, platforms, and technological know-how seems to be responsible. Meanwhile, traders are constantly scouring innovative solutions that will bring them the necessary tools...
Coinbase stock rose by almost 6% in the previous week
19.6.2023
According to data released by The Block Research, Coinbase’s stock price increased by approximately 6% from the previous week and closed at $55.59. Coinbase traded up 5.93% over the previous week. Consideration must be given to the fact that all of this is occurring while the Securities...
EigenLayer delivers its restaking protocol on Ethereum
19.6.2023
EigenLayer, a decentralized finance (DeFi) platform, officially announced that it has effectively delivered its staking protocol on the Ethereum mainnet. Indeed, this is a watershed moment for the Seattle-based company. The team members of EigenLayer are responsible for building the restaking...
OKX received MVP preparatory license from VARA
15.6.2023
OKX recently announced receiving an MVP (Minimum Viable Product) preparatory license from Dubai‘s Virtual Assets Regulatory Authority (VARA). Dubai has always been the main strategic business hub for the OKX exchange around the world, and the platform has plans to scale its operations for...
DEXs can’t be regulated like exchanges: Coinbase to SEC
15.6.2023
The U.S. Securities and Exchange Commission (SEC) has received a letter from the cryptocurrency exchange Coinbase claiming that the DEX cannot be controlled. The statement continues by saying that decentralized exchanges are not subject to the same laws as centralized exchanges, which were...
SEC responds to the last week’s Third Circuit’s decision
14.6.2023
The SEC responded formally to the Third Circuit Court of Appeals’ ruling last week, which weakened its authority to take back money gained through violating securities laws. This decision diminished the SEC’s power to demand disgorgement, a key part of retrieving illegally obtained...
Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey
14.6.2023
The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in running the now defunct platform. Alleged Crypto...
Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e
9.6.2023
In a statement issued on Friday, the U.S. Department of Justice (DOJ) revealed that two Russian individuals have been accused of infiltrating a cryptocurrency exchange and running an unlawful exchange. Reportedly, the pair gained unauthorized access to Mt Gox’s servers from 2011 to 2014...