Search
Kasikornbank takes over a regional crypto exchange
30.10.2023
Kasikornbank, the second largest bank in Thailand in terms of assets, has acquired a regional cryptocurrency exchange through an affiliate. Kasikornbank, also known as KBank, disclosed to the Thailand Stock Exchange that it had acquired 97% of Satang Corporation Company Limited’s shares via...
Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas
30.10.2023
OPNX voluntarily dropped its defamation suit against the venture investor and crypto personality
Thailand’s KBank acquires crypto exchange business Satang
30.10.2023
Thailand's second-largest lender by assets, Kasikornbank, is moving into crypto by acquiring a majority stake in the local crypto business Satang
Crypto Exchange Wants to See India Lower Tax on Trading
30.10.2023
Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to overseas platforms. Indian Exchange Expects...
Thailand’s K-Bank Acquires 97% Stake in Parent Company of Satang Crypto Exchange
30.10.2023
Thailand’s second-largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange. This strategic acquisition comes as K-Bank intensifies its efforts in the cryptocurrency sector, aiming to offer a comprehensive...
Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M
30.10.2023
The move continues a trend of Thailand's major traditional financial institutions moving into crypto
Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says
29.10.2023
Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen a 38% decrease in revenues. Bloomberg Estimates...
Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit
28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...
South Koreans Fascinated With Altcoins More Than Americans, Research Shows
28.10.2023
South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the largest Korean exchange is much smaller than the...
Binance Appoints New Regional Head for Eastern Europe and Central Asia
28.10.2023
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year. Kyrylo...
Bankman-Fried Continues Testimony: “I didn’t want to be known as the Kansas City Royals of Crypto Exchanges”
28.10.2023
Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, continued his testimony in Manhattan federal court Friday afternoon. Bankman-Fried’s public image Bankman-Fried pushed back on former Alameda Research CEO Caroline Ellison’s claims that his now infamous unkempt hair...
FTX’s Cold Wallets Relocate $19 Million to Various Exchanges – What’s Going On?
27.10.2023
The group overseeing the cold wallets tied to bankrupt crypto exchange FTX has sent over $19 million worth of crypto to various exchanges, according to blockchain data. On-chain analytics firm Peckshield reported that around 470,000 SOL tokens, with a value of around $15.5 million, were moved...
Prosecutors Probe Sam Bankman-Fried’s Memory in FTX Case Without Jury
27.10.2023
Federal prosecutors questioned Sam Bankman-Fried in an ongoing hearing on Wednesday about his message deletion practices and the alleged use of customer funds while he was CEO of now-bankrupt crypto exchange FTX. FTX Founder Faces Intensive Cross-Examination by Prosecutors in Ongoing Trial...
Justin Sun’s HTX Reports $98 Million Profit in Q3 2023, Forecasts Strong Performance for Q4
27.10.2023
HTX , the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023. In a recent post on X (formerly Twitter), Sun claimed that HTX generated $202 million in revenues during the quarter...
8 More Arrested in JPEX Scandal as Total Fraud Amount Exceeds $213 Million
27.10.2023
Hong Kong Police arrested 8 more people on Thursday in the JPEX scandal, taking the total of arrested individuals in the alleged fraud to 36. The police also revealed that a total of 2,595 people have reported losses in the JPEX crypto exchange. The total amount that has been defrauded in...
Upbit Dominates Korean Crypto Exchange Market With a Market Share of 80%: Research
27.10.2023
Upbit has solidified its position as the dominant player in South Korea‘s crypto exchange market, boasting an impressive market share of 80%. According to recent research by DeSpread, Upbit’s market dominance has remained strong throughout the year, with a brief dip to 70%...
Binance founder CZ’s fortune gets slashed $12B, while SBF is still at $0
27.10.2023
Binance CEO Changpeng Zhao’s crypto empire has fallen over 80% from its January 2022 peak of almost $97 billion
FTX’s Next Move: Three Bidders in the Running for Relaunch
26.10.2023
Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report. The final decision on how to proceed is expected by mid-December, as stated by Kevin M. Cofsky, an investment banker from Perella...
Binance’s Stablecoin BUSD Market Capitalization Slides 90% from Peak – Will it Affect Binance Exchange?
26.10.2023
Binance USD (BUSD) , the stablecoin issued by Paxos for crypto exchange Binance, has seen a decline in market capitalization of more than 90% from its peak last year. According to CoinGecko data, BUSD’s market cap has plummeted from an all-time high of $23.5 billion, recorded on November...
USDC Issuer Circle Collaborates with Taiwanese Firms to Bring Loyalty Points to Crypto Services
26.10.2023
Global fintech firm Circle, which issues dollar-pegged USDC stablecoin, will soon offer loyalty points to stablecoin conversion service in Taiwan. Circle has collaborated with two Taiwanese firms – crypto exchange BitoGroup and convenience store chain Taiwan FamilyMart – to launch...