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U.S. DOJ's Crypto Enforcement Director Promises Crackdown on Illicit Behavior on Crypto Exchanges: FT

15.5.2023
Eun Young Choi said the DoJ is targeting crypto exchanges that allow "criminal actors to easily profit from their crimes and cash out,"

Binance leaves Canada amidst new crypto rules

15.5.2023
Binance holds a prominent position across the globe in terms of crypto exchange platforms. Needless to say, the community expects things to work out in its favor every time, no matter the geographical region. However, if the recent announcement by the platform is anything to go by, then it appears...

Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings

14.5.2023
Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims. According to a notice to creditors published late Friday by accounting giant Ernst & Young (EY), each creditor of the exchange will receive "13.094156% of their proven claim less the levy...

South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia

14.5.2023
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan...

Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar

13.5.2023
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28...

Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

13.5.2023
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee...

Binance to Withdraw From Canadian Market Due to Regulatory Climate

13.5.2023
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance...

Bakkt delists majority of tokens from recently acquired Apex Crypto platform

13.5.2023
The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”

Binance calls it quits in Canada, blames new rules

12.5.2023
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators

Montenegro Court Agrees To Release Terraform’s Kwon and CFO on Bail

12.5.2023
A court in Montenegro accepted bail to release Terraform Labs co-founder Do Kwon and former chief financial officer Han Chang-joon from jail on Friday after allegedly using false documents. The Basic Court Podgorica said the two would not be allowed to leave their homes in accepting the 400,000...

Visa Card holders at Crypto.com can now use Google Pay in Brazil

12.5.2023
Google Pay assists users in seeking a convenient way to execute a financial transaction. While its advanced mechanism is based on the country of operation, the basic functionality is more or less the same. Meaning, no matter the region, customers using Google Pay can make payments using the mobile...

ATPBot Launched a Real AI Quantitative Trading Bot

12.5.2023
PRESS RELEASE. Recently, ATPBot, the first truly quantitative trading bot, announced that it can now connect to the Binance API for trading, providing users with more opportunities to trade cryptocurrencies. By registering ATPBot, connect to Binance Exchange, enter your investment amount and earn...

Texas votes to add crypto into state’s bill of rights

12.5.2023
Texas lawmakers vote to add digital currency to the state's Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading

SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets

12.5.2023
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect...

US House Financial Services Committee Chair Rep. McHenry Accuses SEC Chair of Avoiding Answering Questions

11.5.2023
House Financial Services Committee Chair Patrick T. McHenry accused US Securities and Exchange Commission Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters, going so far as to threaten a hearing if they don’t hear back soon.... Read More: US House...

McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?

11.5.2023
The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if they’re ignored...

Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation

11.5.2023
Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into...