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Crypto Exchange Yellow Card Financial Set to Apply for Nigerian License Following Cryptocurrency Ban Lift
25.12.2023
Image Source: Pexels Pan-African cryptocurrency exchange Yellow Card Financial has announced plans to apply for a license in Nigeria following the recent lifting of the country’s cryptocurrency ban. The ban, which was imposed in 2021, prohibited financial institutions from transacting...
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...
Bitcoin’s Recent Surge on Exchanges: Binance and Bitfinex Lead With $871M Inflow
11.12.2023
On Dec. 4, 2023, the amount of bitcoin stored on centralized cryptocurrency exchanges hit a low of 2,001,259. However, recent data indicates that within a span of less than a week, exchanges have seen an influx of 21,436 bitcoin, valued at approximately $928 million. Moreover, more than 60% of this...
Indian Government Reveals 28 Crypto Service Providers Are Registered With Financial Intelligence Unit
5.12.2023
The Indian government has revealed that 28 crypto service providers are currently registered with the country’s Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency...
Bitcoin Premium Soars in South Korea, Trading $1,500 Above Global Norm
5.12.2023
Based on recent data, the surge of bitcoin beyond the $41,000 mark has triggered a significant increase in trading activity originating from South Korea. Alongside this heightened volume, bitcoin is currently commanding a $1,500 premium on major South Korean cryptocurrency exchanges, including...
Coinbase Report: Here’s How Stablecoins Are Revolutionizing the Financial System
5.12.2023
Source: AdobeStock / gguy Coinbase, one of the leading cryptocurrency exchanges based in the United States, has highlighted the importance of stablecoins in facilitating seamless transactions. In a recent blog post, the San Francisco-headquartered exchange noted that many Americans are frustrated...
Market Analysts Spot Potential in an Under-the-Radar Coin – Is It Undervalued?
1.12.2023
Launchpad XYZ crypto presale gains momentum as LPX token offers incentives for early adopters. Image by Kerem Goktug Kaya, DALL-E 3. Cryptocurrency exchanges have transformed over the years, evolving from basic exchange services to comprehensive financial ecosystems. This evolution reflects...
FTX collapse, Binance’s US settlement provides strong case for MiCA regulations
23.11.2023
European Commission policy officer Ivan Keller highlights high profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe
KPMG and Chainalysis Partner to Enhance Crypto Fraud Detection and Compliance
23.11.2023
KPMG in Canada and Chainalysis have entered into a strategic partnership aimed at strengthening efforts against crypto asset fraud. This alliance, marking KPMG’s entry into the Chainalysis Solution Provider program, is focused on providing enhanced monitoring and risk management tools...
Okx Announces Compliance-Focused Expansion to Brazil
15.11.2023
Okx, one of the largest cryptocurrency exchanges, has announced it will expand to Brazil in the coming months to offer a regulated crypto platform to Brazilian customers. The exchange, which chose the country as its entry doorstep to Latam, aims to fulfill the regulatory requirements still being...
BTCC Exchange Launches Futures Copy Trading with High-Profit Sharing
27.10.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Established in 2011, BTCC exchange is one of the longest-running and most trustworthy cryptocurrency exchanges. The company has recently announced the launch of its highly anticipated copy...
Hong Kong Police and Securities Regulator Form Unit to Monitor Crypto Exchanges
5.10.2023
Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar...
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...
Crypto Exchange Bybit Launches Derivatives Products in South Africa
4.10.2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local...
US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC
30.9.2023
Virginia’s Democratic representative Don Beyer has ushered in a fresh bill mandating the documentation of off-chain transactions and over-the-counter (OTC) crypto engagements by cryptocurrency exchanges, to be catalogued in a repository under the purview of the U.S. Commodity Futures Trading...
13 Crypto Exchanges Hold Over 14% of Industry’s Wealth; Binance Dominates with 42% Share of $151B in Reserves
28.9.2023
On September 27, 2023, statistics indicate that 13 cryptocurrency exchanges possess assets under management (AUM) exceeding $1 billion, collectively constituting 14.39% of the crypto economy’s total value of $1.05 trillion. Among these 13 digital currency trading platforms, Binance stands...
Mt Gox Repayment Delayed Again: Creditors Await BTC, BCH, and Yen Payments Until 2024
22.9.2023
According to a new update from the Mt Gox trustee, Nobuaki Kobayashi, the repayment deadline for creditors has been pushed to next year. Kobayashi said discussions with banks, fund transfer service providers and designated cryptocurrency exchanges have caused delays, making it impossible to meet...
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks
30.8.2023
Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform. Bybit...
Opinion: Is this exchange the next FTX?
24.8.2023
Bitget seized more than $200,00 of my cash. Now its executives won’t tell me what they're doing with it, or if they intend to return it
Opinion: Bitget acted ethically on crypto influencer’s account
24.8.2023
Bitget managing director Gracy Chen argues her exchange had a duty to act when a crypto influencer began selling his holdings in a project he was promoting