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Kraken introduces institutional business solutions
28.2.2024
A competitor, Kraken, has introduced institutional business solutions in response to the precipitous rise of Coinbase in the spot bitcoin ETF custody market. Considering the increasing preference for spot bitcoin ETFs over traditional financial institutions, this is, therefore, the case. Nearly...
Akash Network’s AKT rises 10% as Coinbase adds it to its roadmap
28.2.2024
Coinbase has announced that it is adding Akash Network to its roadmap. That signals the potential listing of AKT on the platform, enabling customers to trade the token in the market. It caused a surge of nearly 10% in the valuation. While AKT has retraced to a lower value, the community is ready...
Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application
27.2.2024
Hong Kong-based cryptocurrency exchange HTX, formerly known as Huobi Global, withdrew its application for a license on February 23, according to a filing posted on the Securities and Futures Commission website.
The post Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application...
BitForex Halts Withdrawals Without Explanation, Leaves Users in Dark
26.2.2024
Hong Kong-based cryptocurrency exchange BitForex has faced a complete blackout since suspending its website and trading application on February 23
The post BitForex Halts Withdrawals Without Explanation, Leaves Users in Dark appeared first on Cryptonews
Robinhood draws attention; maybe a silent crypto funder
26.2.2024
The community speculates that Robinhood may have been at the center of the movement of illicit crypto funds. The allegation has yet to be officially proved, but it carries a lot of weight for one to consider the chances. TruthLabs, a user on X, said that there is a high chance that illicit funds...
Kraken fights back: Files motion to dismiss SEC lawsuit
23.2.2024
Kraken Exchange relocated to the Northern District of California in an effort to have the US Securities and Exchange Commission’s lawsuit dismissed. The agency had sued the exchange platform, citing several allegations. This included operating as a broker, exchange, and clearinghouse without...
FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report
23.2.2024
Bankrupt cryptocurrency exchange FTX has been permitted to sell its shares in the artificial intelligence firm Anthropic, according to an issue ordered by U.S. Federal Judge John Dorsey on Thursday, reports Reuters.
The post FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report appeared...
Kraken Files to Dismiss SEC Lawsuit Arguing It Sets a ‘Dangerous Precedent’
23.2.2024
Kraken, a prominent cryptocurrency exchange, has filed to dismiss the Securities and Exchange Commission lawsuit saying that allowing this case to continue would set a “dangerous precedent."
The post Kraken Files to Dismiss SEC Lawsuit Arguing It Sets a ‘Dangerous Precedent’ appeared...
Cryptocurrency Exchange Bitget Eyes Latam Expansion
21.2.2024
Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Latam, believes that the exchange can differentiate by focusing on serving...
Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH
19.2.2024
Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile...
Coinbase Commerce suggests merging Solana with Lightning Network
19.2.2024
Coinbase Commerce is likely to integrate Solana and the Lightning Network. The same has been teased through its product lead, Lauren Dowling. Coinbase Commerce has, for now, removed support for UTXO and Bitcoin. The idea behind making such changes is to address the struggles of customers with...
Revolut To Roll Out “Invite-Only” Crypto Exchange
16.2.2024
Banking services provider Revolut is set to debut a new “invite-only” crypto exchange, according to a February 16 report. A U.K.-based customer email confirmed by CoinDesk stated that Revolut is launching a new crypto exchange with advanced traders in mind. Revolut’s ‘Standalone’...
Coinbase sales rose to $954M in Q4 amid market bounce
16.2.2024
Coinbase reported a surge in its revenue in the fourth quarter of the previous year, that is, 2023. The revenue jumped to $954 million, with trading volume up to $154 billion. That includes the institutional volume of $125 billion. The surge came amid the market rebound. Most of it is credited...
Jupiter’s Compliance Team Blocks Crypto ETP Investment: Report
16.2.2024
Jupiter Asset Management’s compliance team blocked its team from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking investment was due to, “divergent regulatory approaches in the EU.”...
Kraken Inquires UK Users Regarding Self-Custodial Wallet Activity, Cites Local Regulations
14.2.2024
Kraken, a prominent cryptocurrency exchange, has recently introduced a new requirement for its users in the United Kingdom. According to a recent post shared by James Van Straten, Kraken is now mandating that its UK users verify their self-custodial wallets or validate their wallet identities...
Bybit and DMCC commit to grow the future of crypto and Web3
14.2.2024
Bybit and DMCC signed an MOU in June 2023. The purpose was to commit to growing the landscape of crypto and Web3 while also helping Dubai become a global hub in the segment. Dubai Multi Commodities Centre has been a driving force in shaping the future of innovative technologies, and it is only...
CoinDCX commits to a seamless transition for Koinex users
14.2.2024
CoinDCX has announced that it is extending a helping hand to over 1 lakh users of Koinex, enabling them to transition to the new platform with convenience, effective February 4, 2024. The objective is to empower the Indian crypto community. Once transitioned, users can find their assets...
Crypto.com Applies For Crypto Exchange License With Hong Kong SFC
14.2.2024
Crypto.com, the US-based cryptocurrency exchange, has thrown its hat into the ring for a license to operate in Hong Kong. The company submitted an application to the Hong Kong Securities and Futures Commission (SFC) on February 9th, seeking approval to operate as a virtual asset trading platform...
Ledger and Coinbase Collaborate to Simplify Crypto Purchases and Transfers
13.2.2024
Hardware wallet provider Ledger and cryptocurrency exchange Coinbase have announced a collaboration aimed at integrating Coinbase Pay into Ledger Live, a move aimed at enhancing the efficiency and security of cryptocurrency transactions. This collaboration aims to eliminate the complexities users...
CoinDCX Partners with Defunct Crypto Exchange Koinex to Provide Access for its Users
13.2.2024
CoinDCX has partnered with Koinex, an Indian cryptocurrency exchange that ceased all trading operations due to regulatory uncertainties, to enable the platform’s users to access their assets. In a Tuesday announcement, CoinDCX said it has struck a Memorandum of Understanding (MoU) deal with...