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MEXC Quells Fears Over Possible Issues After CEO Account Deactivation
25.12.2023
Pixabay Digital asset exchange, MEXC has addressed user fears over a deleted social media account believed to be its CEO, stating that the firm has no official connection with the account. In a Dec 24 post on X (formerly Twitter), the exchange watered down community fears addressing all issues...
FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned
18.12.2023
Source: Adobe Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses. Court filings show that over $118 million were billed on the exchange between August and October for professional legal fees...
Binance P2P to Discontinue Russian Ruble Trading Pair From January 31 Next Year
11.12.2023
Source: Iryna Budanova/Adobe Digital asset exchange Binance has announced a discontinuation of the Russian Ruble trading pairs on its peer-to-peer (P2P) platforms from Jan 31, 2024. In a Dec 11 official announcement, the company disclosed that it would no longer support the Russian Ruble trading...
Digital Asset Exchange OKX Joins Ethereum Climate Platform to Foster Sustainability
6.12.2023
Source: AdobeStock / AndriiKoval OKX Ventures, the investment arm of cryptocurrency exchange OKX has joined the Ethereum Climate Platform (ECP) to partner towards sustainable climate goals. In a Dec 6 press release, the company announced the decision to join the platform and highlighted plans...
Digital Asset Exchange DigiFT Secures CMS and RMO License from Singapore Monetary Authority
5.12.2023
Image Source: iStock/MasterLu DigiFT, a decentralized exchange for digital assets, has obtained a capital markets services (CMS) license from the Monetary Authority of Singapore (MAS). The license allows DigiFT to engage in capital markets activities, including dealing in securities and units...
South Korea’s Biggest Exchanges Help Regulators Hunt ‘Undeclared Crypto Operators’
5.12.2023
Source: Vladimir Polikarpov/Adobe South Korea’s five biggest crypto exchanges will team up with financial regulators to search for “undeclared crypto operators.” According to News1, the announcement was made by the Digital Asset Exchange Association (DAXA), which comprises the exchanges Upbit...
TRM Labs Taps Swyftx to Tackle Crypto Scams in Australia
28.11.2023
Source: AdobeStock / Bits and Splits TRM Labs has announced a partnership with Australian digital asset exchange Swyftx to reward virtual asset users who take steps to protect their accounts against fraudulent actors in the country. In a recent press release, the blockchain analytics firm announced...
HTX Resumes Bitcoin and Ether Services After $30 Million Hack
27.11.2023
Source: HTX Digital asset exchange HTX has resumed deposits and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and others after it was drained for $30 million. In an announcement on Nov 26, the exchange said services have been restored for certain virtual...
Poloniex Crypto Exchange Reveals Hacker’s Identity, Offers $10 Million Bounty
20.11.2023
Source: AdobeStock / Tomasz Bidermann Digital asset exchange, Poloniex has uncovered the identity of the hacker who stole over $100 million from its wallet offering a $10 million bounty for a smooth recovery process. Blockchain security firm PeckShield revealed that Poloniex has made progress...
Blockchain.com Raises $110 Million in Series E Round Led by Kingsway
16.11.2023
Blockchain.com, a cryptocurrency enterprise offering a digital asset exchange, a blockchain explorer, and a non-custodial wallet, has recently secured $110 million in a Series E funding round spearheaded by Kingsway. Despite this successful funding round, Blockchain.com’s post-valuation...
Crypto Exchange Bitget to Cease Operations in Hong Kong – What’s Going On?
13.11.2023
Source: AdobeStock / Rafael Henrique Digital asset exchange Bitget has announced its planned exit from the Hong Kong market on December 13, 2023, citing certain business concerns. In a Nov 13 press release, the company revealed its plans to exit the Hong Kong market within a month as its local...
SEC Chair Indicates FTX Revival, FTT Rallies
9.11.2023
U.S. Securities and Exchange Commission Chair Gary Gensler indicated a potential reboot of FTX during DC Fintech Week on Wednesday, prompting FTX’s digital token, FTT, to rally. Gensler’s comments were made when referring to the bid for FTX by former president of the New York Stock Exchange...
Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance”
8.11.2023
Source: Adobe Digital asset exchange Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users. The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across 30 blockchain networks...
Busan City Seeks Operators for the Upcoming Busan Digital Asset Exchange
1.11.2023
South Korea’s Busan city is officially seeking operators for its forthcoming Busan Digital Asset Exchange. According to a notice issued by Busan City and reported by MarsBit news, the selection process for operators for the Busan Digital Asset Exchange is currently underway. Busan Digital...
Malaysian Crypto Firm Hata Receives Green Light From Malaysian Regulators to Run 'Digital Asset Exchange' – Adoption on the Rise?
11.10.2023
The Malaysian financial regulator – Securities Commission Malaysia (SC) – has granted in-principal approval to cryptocurrency exchange and digital broker Hata.
The approval marks Hata as a Recognized Market Operator (RMO) and the 5th regulated digital asset exchange (DAX) in the country, operating...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
Cypher Says Token Offering Part of Steps to Make Users Whole
25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...
Crypto․com Granted Registration Approval in the Netherlands
30.7.2023
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform...
Binance Launches Regulated Crypto Exchange in Kazakhstan
23.6.2023
Licensed since last year, the world’s largest digital asset exchange, Binance, has now launched a trading platform in Kazakhstan. The move comes amid increased pressure from regulators in other jurisdictions, like the U.S., and after Binance’s decision to pull out of several European markets....
SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says
8.6.2023
The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest digital asset exchange to leave the United States....