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Binance, CZ Agree to Repatriate US Customer Assets, SEC Secures Court Order
17.6.2023
Binance and the U.S. Securities and Exchange Commission (SEC) struck a deal to avoid the freezing of the crypto exchange’s assets in the United States. Under an emergency relief secured by the regulator, Binance agreed to repatriate to the U.S. funds held on behalf of customers of its American...
Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit
17.6.2023
The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s register of digital asset service providers. Binance...
Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse
16.6.2023
Smaller crypto exchanges such as Kraken, Bybit and Bitget are finally getting their time in the spotlight after their more dominant rival FTX collapsed last year, according to findings in a new report from blockchain analytics firm Nansen.
In the report, Nansen said the landscape for centralized...
Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express
16.6.2023
Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China’s Ethereum debt note
HSBC, Standard Chartered, and Bank of China Pressured by Hong Kong to Embrace Crypto Exchanges – Next Crypto Hub?
15.6.2023
Hong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.
During a meeting last month, the Hong Kong Monetary Authority (HKMA) questioned why the banks had not accepted crypto exchanges as clients...
Hong Kong Welcomes Crypto Exchanges Following SEC Crackdown, Lawmaker Says
15.6.2023
A Hong Kong lawmaker has invited global cryptocurrency exchanges, including the Nasdaq-listed Coinbase, to register in Hong Kong to provide crypto services. “Please feel free to approach me and I am happy to provide any assistance,” the lawmaker noted. Hong Kong Welcomes Crypto Exchanges Hong Kong...
Crypto Exchange OKX Wins Preparatory License in Dubai, Set to Boost Staff
15.6.2023
Once the so-called MVP license becomes operational, OKX Middle East will offer spot, derivatives, and fiat services, including U.S. dollar and UAE dirham deposits and withdrawals
Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
15.6.2023
Not all exchanges have disclosed wallet addresses for the funds, however
DEXs can’t be regulated like exchanges: Coinbase to SEC
15.6.2023
The U.S. Securities and Exchange Commission (SEC) has received a letter from the cryptocurrency exchange Coinbase claiming that the DEX cannot be controlled. The statement continues by saying that decentralized exchanges are not subject to the same laws as centralized exchanges, which were...
Microstrategy’s Saylor Envisions Bitcoin-Only Future for Crypto Industry as US Regulators Hammer the Sector
15.6.2023
According to Microstrategy founder Michael Saylor, regulators perceive no “legitimate path forward” for cryptocurrencies such as stablecoins, crypto securities, and tokens. In an interview with Bloomberg on Tuesday, Saylor emphasized that the entire industry is bound...
Hong Kong Put Pressure on Three Major Banks to Take on Crypto Exchanges as Clients: Report
15.6.2023
The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients
House Republicans Call on the SEC To Withdraw Proposed Rule That They Say Could Affect Decentralized Exchanges
15.6.2023
A proposed Securities and Exchange Commission rule would shut down the development of the digital asset industry and should be withdrawn, House Republicans said.
A group of lawmakers in the House Financial Services Committee wrote to the SEC this week criticizing the proposed rule that they...
Requiring DEXes to register with SEC like other exchanges is 'impossible', says Coinbase CLO
15.6.2023
“The SEC is attempting to front run Congressional action by baking unsupported assumptions about its crypto jurisdiction into the proposed rules," said Paul Grewal
Judge Postpones Asset Freeze as Binance US and SEC Agree to Work on Deal
14.6.2023
A judge in Washington decided to give Binance US and the Securities and Exchange Commission (SEC) time to work out a deal to avoid the freezing of the exchange’s assets. The two sides are close to an agreement that will protect customer funds without paralyzing the crypto trading platform. Crypto...
As Raptor Token Shoots Up 3,000% on DEXTools, Crypto Whales are Stacking This Lesser Known Crypto Before it Lists on Exchanges – How to Buy Early?
14.6.2023
Raptor Token (RAPTOR), based on the iconic Raptor Jesus 4chan meme from 2006, has seen a stratospheric rise in recent days.
As per DEX Tools, RAPTOR has shot up over 3,000% since its launch across decentralized exchanges on Monday.
RAPTOR was last changing hands at record highs in...
Interactive Brokers expands its European Exchanges offerings
14.6.2023
Interactive Brokers has announced expanding its offering of European exchanges. It now enables Nasdaq Copenhagen and Prague Stock Exchange, allowing traders to diversify their investment opportunities. With this, the automated global electronic broker has enhanced the services in all its operating...
Bitcoin Supply on Exchanges Slides to Three-Year Low
14.6.2023
Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks
Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey
14.6.2023
The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in running the now defunct platform. Alleged Crypto...
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
13.6.2023
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode
Asset Freeze to Halt Binance US Operations, Exchange Says, Seeks Rejection of SEC Request
13.6.2023
Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a court filing. ‘No Need for the Draconian Relief Sought...