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Robinhood to buy Bitstamp crypto exchange to enable institutional trading in US
6.6.2024
Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice from the SEC a month earlier
Settlement agreement of $885 million between FTX estate and IRS
5.6.2024
FTX debtors must pay the Internal Revenue Service $200 million and a remaining property claim of $685 million. The new agreement will feature the FTX estate paying the Internal Revenue Service nearly $1 billion. The sum totaling $885 million is very low compared to the $24 billion demanded by...
Binance to release 15K USDT for new users of “Buy Crypto” scheme
5.6.2024
Binance intends to disseminate 15,000 USDT in the form of token vouchers to the new wave of users who are purchasing crypto and making fiat deposits through their “Buy Crypto” program. Incidentally, Binance is an internationally renowned cryptocurrency exchange. For the exchange, this...
Bitpanda partners with Deutsche Bank, marks industry milestone
5.6.2024
Recently, Bitpanda made a historic decision to join the club of European digital currency platforms partnering with traditional banking giants, including Deutsche Bank. This signifies a major step forward, given that it is the first time that a leading global bank has collaborated with a crypto...
Crypto.com App now offers a new payment facility
4.6.2024
Crypto.com users have the ability to initiate a Strike or UpDown options trade by converting their crypto to American dollars. The new payment facility makes use of any token available in the user’s balance, which is a notable attraction. Another exciting news for crypto enthusiasts is that...
Binance no longer accepts cash for peer-to-peer transactions in India
4.6.2024
Binance’s services were pursued by the cryptocurrency trading community in India to circumvent the government’s tax on cryptocurrency transactions. The new development occurred at a time when the Indian financial agency approved Binance and Kucoin to function as virtual asset providers...
Coinbase donates $25 million to Fairshake’s super PAC
4.6.2024
Coinbase has contributed $25 million towards Fairshake’s super PAC, meant to finance the political campaigning of crypto-inclined congress nominees. This gesture follows similar contributions made by Ripple and a16z to the tune of $25 million to Fairshake recently. The super PAC has now received...
Blockstream criticizes Coinbase for denying BTC processing
3.6.2024
The CEO of Blockstream, Adam Back, has been criticizing Coinbase Exchange for not being willing to initiate BTC processing for donations meant for Trump’s presidential campaign. He has described the company as anti-bitcoin. It all began when Bitcoin Magazine revealed that Lightning Network...
After $7 million hack, Velocore offers bounty to hacker
3.6.2024
Velocore, which is a decentralized exchange, is defrauded of $6.8 million as a result of a vulnerability in the smart contracts that manage its liquidity pools. Incidentally, the exchange functions on the Telos as well as on the zkSync, Era, and Linea blockchains. Since there was a flaw in...
OKX expands to the Netherlands with new crypto exchange and wallet
3.6.2024
Previously known as Okcoin Europe, OKX began serving users in the Netherlands in 2021 after registering with the Dutch Central Bank
Bybit restructures executive team following $26M airdrop fiasco
31.5.2024
Bybit confirmed internal role changes for several executives following a botched airdrop that affected 320,000 users and led to a $26 million compensation payout
TradFi execs say crypto derivatives will play larger role in Bitcoin’s future
31.5.2024
Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs
Trading revenue of Coinbase facing pressure as crypto market matures
31.5.2024
The consumer trading volume of Coinbase has dropped to $56 billion in the first quarter of 2024. This is in comparison to the fourth quarter of 2021, a time when the crypto market was experiencing a massive bull run. This is credited to the market attaining maturity since the approval of the Spot...
Citadel-backed Hidden Road halts ByBit access for clients
30.5.2024
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange
Hidden roadblocks to the link to cryptocurrency platform Bybit
30.5.2024
Presumptions are being made that Hidden Road has blocked all connectivity with Bybit due to factors related to KYC and money laundering issues. As per speculations, there are seemingly certain contradictory aspects to both matters. Incidentally, Hidden Road is a brokerage firm with the support...
Mastercard's crypto credentials P2P pilot program goes live
29.5.2024
The credit card company hopes to streamline transactions and limit user error through an alias credentialing system
Binance covertly sells Gopax’s share of claims in Genesis Global
28.5.2024
Binance has been responsible for covertly selling its subsidiary in South Korea, Gopax’s claims about Genesis Global, for half its value or even less. In 2023, Binance was known to be the biggest shareholder of Gopax, a prime cryptocurrency exchange in South Korea. In return for the buying...
HTX crypto exchange overtakes Coinbase in trading volumes
28.5.2024
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes
Mt. Gox moves $9.6B worth of Bitcoin. Are creditors now being repaid?
28.5.2024
The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline
Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses
27.5.2024
Binance, which became the largest shareholder of the South Korean cryptocurrency exchange Gopax, recently sold the asset claims of Gopax victims at less than half their face value.
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