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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
27.5.2023
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis
Nigerian crypto company suspends withdrawals after BTC and naira compromise
27.5.2023
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media
Gemini files to dismiss SEC’s lawsuit over its earn product
27.5.2023
Gemini called the SEC's lawsuit as "ill-conceived" against its Earn Product which offered yields to customers against their crypto deposits
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
26.5.2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange
Bitpanda advances the concept of digital investing by partnering with Coinbase
26.5.2023
Bitpanda has introduced its partnership with Coinbase to the community. The objective is to reach out to as many institutional clients of Coinbase as possible, enabling them to leverage the power of Investing as a Service, also known as IaaS. Institutional clients of Coinbase include banks...
No ETH to trade? Ethereum exchange balance drops to a 5-year low
26.5.2023
The ETH balance decline began in September 2022, which saw a significant spike in November-December 2022 post-FTX downfall
Bitcoin.com’s VERSE Token Now Available for Trading on Kucoin
26.5.2023
Bitcoin.com’s ecosystem token, VERSE, has been listed on Kucoin, a top-tier cryptocurrency exchange platform known for being the home of crypto gems. Deposits are open now, and trading will commence at 10:00 AM UTC with the initial pair being VERSE/USDT. A milestone moment for Bitcoin.com...
Digital Currency Group to shutter institutional trading unit TradeBlock
26.5.2023
Starting from May 31, TradeBlock will commence the official procedure of winding down its operations
Bitpanda secures licensing agreement with Coinbase as part of strategic partnership
25.5.2023
As part of the collaboration, Bitpanda will incorporate Coinbase Exchange into its roster of authorized liquidity providers
Crypto Exchange Hotbit Says ‘Deteriorating Conditions’ Forced It to Stop Operations
25.5.2023
China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit...
OKX enhances its application for crypto trading in Hong Kong
25.5.2023
OKX is making sure it becomes the potential candidate to gain wider access to the market of Hong Kong. The most recent attempt is launching the enhanced version of its mobile application for customers, specifically in the said region, in accordance with the VASPs requirements. OKX is the second...
Fahrenheit wins bid to acquire assets of crypto lender Celsius
25.5.2023
The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid
Gate Group launches new virtual asset trading platform in Hong Kong
24.5.2023
As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities
Bitfinex partnership pushes crypto adoption in Latin America
24.5.2023
Bitfinex announced a new investment in the Chile-based crypto exchange in an effort to boost crypto adoption in Latin America
Coinbase continues effort to get mandamus for SEC response to rulemaking petition
23.5.2023
The cryptocurrency exchange filed a petition for rulemaking with the SEC in July and was served a Wells notice for potential violations of securities law in March
Hong Kong to open crypto exchange access for retail users, but there's a catch
23.5.2023
Hong Kong's securities watchdog announced new plans to allow retail investor access to virtual assets platform
Bitcoin volatility drops amid decline in liquidity, but a possible catalyst is approaching
22.5.2023
Bitcoin volatility has dropped as new liquidity is not flowing into the market, but on-chain data presents multiple reasons why BTC investors continue to hold
Gemini considers forbearance after DCG defaults on a $630M payment
22.5.2023
Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis
Crypto is Losing the Sense of Rarity: Does It Matter?
21.5.2023
Robert Quartly-Janeiro is the Chief Strategy Officer of the Singapore-based Tier-1 cryptocurrency exchange Bitrue.__________
As I was flicking through the weekend supplement of a well-known financial newspaper, the number of luxury watch advertisements I had to bypass got me thinking: with...
US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined
19.5.2023
The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action