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Former FTX US President Says Relationship with SBF Deteriorated
16.1.2023
Brett Harrison, the former president of the infamous FTX exchange, recently broke his silence about his time on FTX. Brett recently released a string of tweets that recalled his experience with a volatile Sam Bankman-Fried. According to the tweets, Brett’s relationship with Sam and other deputies...
SEC levels serious charges against Gemini and Genesis
13.1.2023
The Securities and Exchange Commission (SEC) has leveled formal and serious charges against Genesis and Gemini for illegally carrying out the sale of unregistered securities. For the uninitiated, Genesis is a digital asset financial services firm, while Geminin is a centralized cryptocurrency...
Arkhia embarks on a new venture with Pangolin to strengthen the Hedera network
10.1.2023
Arkhia is actively boosting and providing added thrust to the existing quality and accessibility of data on the Hedera network. On the anvil happens to be backing for some other networks also. Pangolin, in the meantime, will be utilizing the entity’s middleware dependability for gaining access...
Huobi users fear solvency concerns amidst high layoffs & withdrawals
9.1.2023
Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is reported suggesting layoffs to be conducted by Huobi. In addition, the crypto market has always been...
Coinbase and ENS partner to provide cb.id usernames for free
6.1.2023
Coinbase and ENS, short for Ethereum Name Service, have entered into a partnership to provide Web3 usernames to its users for free. These usernames are managed by Coinbase. They can be claimed through the desktop or mobile applications by new and existing users. A username, cb.id in this case...
Coinbase & NYDFS to settle compliance investigation
5.1.2023
The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...
MEXC launches a $20 million fund to support key Sei projects
4.1.2023
MEXC has announced the launch of a $20 million ecosystem fund to support the Sei Network adoption. MEXC is a reputed crypto trading platform, featuring in the top 3 crypto platforms in Asia and 10 across the globe. It was founded in April 2018, and according to our MEXC exchange review, the venture...
BONK to go live on MEXC in Assessment Zone
3.1.2023
MEXC announces the launch of trading for BONK, a project by Bonk Inu, by initially enabling the trading pair BONK/USDT. According to the timeline shared by the MEXC exchange platform, deposits are already active, and trading is scheduled to start on January 3, 2023, at 11:00 UTC. Withdrawals will...
Bahamas securities commission backfires at FTX’s management
3.1.2023
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, the SCB is trying to rectify the material misstatements by John Ray III. Recently appointed as...
Research shows fake unregulated crypto exchange volume
2.1.2023
A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research, also known as the NBER shows that almost 70% of the transactions on unregulated crypto exchange platforms are made up of wash trades. In other words, those transactions are fake. A “wash...
You can now use Google Pay & Apple Pay on Binance!
30.12.2022
Binance, one of the biggest names in the crypto domain, recently announced the integration of Google Pay and Apple Pay. The integration has opened the exchange to 43.9 million Apple Pay and 25 million Google Pay users. The platform released an official post to inform users about the development....
Ellison and Wang admit misleading lenders with Bankman-Fried
27.12.2022
FTX trouble begins to clear the air as more accounts come forward with their statements. Caroline Ellison, the former Chief Executive Officer of Alameda Research, pleaded guilty recently, admitting that she was aware of the activities that were taking place from 2019 to 2022. According to...
Huobi announces to review the launch of Pi
27.12.2022
Pi Network’s mainnet upgrade is underway, and Huobi has its eye on the development. The latter has announced that it will support the development, which will be followed by Huobi adding support to the list of Pi. This comes after positive recommendations from the community. Huobi shared...
Cormac Dinan! Coinbase’s new director following the Central Bank of Ireland’s approval
22.12.2022
Coinbase has published a blog post on the official website to announce that it has received regulatory approval in Ireland after registering with the region’s Central Bank. The blog post further shares that Cormac Dinan is now on board with the platform as its Country Director in Ireland....
Binance joins the Chamber of Digital Commerce to regulate crypto
21.12.2022
Binance recently announced joining The Chamber of Digital Commerce, the renowned crypto and blockchain trade association. The exchange has become a part of the association’s executive committee to assist the blockchain market. Their latest integration is used to establish a crypto regulatory...
FTX locates $1 billion in assets with $720 million in cash amidst the bankruptcy
21.12.2022
FTX continues to fight for a rebound amid its bankruptcy issue. Meanwhile, the new management has announced allocating $1 billion in assets with $720 million in cash. The objective is to resolve the financial shortcomings of the platform by accessing several bank accounts. As per the shared update...
OKX switches to a multi-cloud deployment strategy
19.12.2022
OKX is headquartered in Hong Kong, with over 350 cryptocurrencies listed on the platform and 500+ trading pairs. Every OKX review echoes an appreciative tone for the platform as it goes beyond its sister company, OKCoin, by providing options, spots, derivatives, and leverage trading. OKX...
Explicit Post Mortem report of Raydium Liquidity Pool V4’s exploit
19.12.2022
A vicious and much-determined attacker acted inappropriately using the Raydium Liquidity Pool V4’s authority account. However, this is achieved by connecting with the Pool Owner or the administration account. In the case scenario of the pool owner account, however, it was originally positioned on...
Coinbase launches new asset recovery tool for ERC-20 tokens
16.12.2022
Coinbase takes the lead in the industry by becoming the first-ever crypto company to begin rolling out a new tool that helps users to recover up to 4,000 unsupported ERC-20 tokens. The move is indeed helpful, as tokens are often sent by mistake. It is difficult to recover those tokens due to their...
Binance admits abnormal price movement of certain trading pairs
12.12.2022
Binance recently tweeted about the abnormal price movements taking place on the exchange. The platform admitted that some trading pairs have been moving abnormally in the past several days. However, the company CEO believes the activity to be standard market behavior. On the other hand, Binance...