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Binance Discontinues Crypto Products and Services in South Korea


On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends...

Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges


The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From...

Soccer Giant AC Milan Seals Sponsorship Deal With Crypto Exchange Bitmex


Italian soccer club AC Milan and Bitmex have reached a long-term partnership agreement that will put the logo of the cryptocurrency exchange on Milan’s jerseys. As part of the sponsorship deal, Bitmex will become Milan’s ‘official sleeve’ and ‘crypto trading’...

The Biggest Shiny Pokémon Collector Needs One $30,000 Card To Complete Set


Shiny Pokémon hype has jumped out of the games and into real life with one trading card game fan who’s trying to collect one of every monster color variant that currently exists. Good news: he only needs one more card. Bad news: some people are selling it for as much as $30,000.Read more

Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC


Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles...

Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021


Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite...

Bitfinex Introduces Margin Trading for AVAX and LUNA


Bitfinex users can now use margin trading for Avalanche pairs (AVAX/USD or AVAX/USDt) and Terra pairs (LUNA/USD or LUNA/USDt). This new feature will become active from 2 pm UTC on August 5, 2021. The maximum leverage for these pairs will be 3.3 times. The initial margin will be 30%, and...

Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says


Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media...

FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme


In what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets...

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