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Akash Network’s AKT rises 10% as Coinbase adds it to its roadmap
28.2.2024
Coinbase has announced that it is adding Akash Network to its roadmap. That signals the potential listing of AKT on the platform, enabling customers to trade the token in the market. It caused a surge of nearly 10% in the valuation. While AKT has retraced to a lower value, the community is ready...
Robinhood draws attention; maybe a silent crypto funder
26.2.2024
The community speculates that Robinhood may have been at the center of the movement of illicit crypto funds. The allegation has yet to be officially proved, but it carries a lot of weight for one to consider the chances. TruthLabs, a user on X, said that there is a high chance that illicit funds...
Kraken fights back: Files motion to dismiss SEC lawsuit
23.2.2024
Kraken Exchange relocated to the Northern District of California in an effort to have the US Securities and Exchange Commission’s lawsuit dismissed. The agency had sued the exchange platform, citing several allegations. This included operating as a broker, exchange, and clearinghouse without...
Coinbase Commerce suggests merging Solana with Lightning Network
19.2.2024
Coinbase Commerce is likely to integrate Solana and the Lightning Network. The same has been teased through its product lead, Lauren Dowling. Coinbase Commerce has, for now, removed support for UTXO and Bitcoin. The idea behind making such changes is to address the struggles of customers with...
Coinbase sales rose to $954M in Q4 amid market bounce
16.2.2024
Coinbase reported a surge in its revenue in the fourth quarter of the previous year, that is, 2023. The revenue jumped to $954 million, with trading volume up to $154 billion. That includes the institutional volume of $125 billion. The surge came amid the market rebound. Most of it is credited...
Bybit and DMCC commit to grow the future of crypto and Web3
14.2.2024
Bybit and DMCC signed an MOU in June 2023. The purpose was to commit to growing the landscape of crypto and Web3 while also helping Dubai become a global hub in the segment. Dubai Multi Commodities Centre has been a driving force in shaping the future of innovative technologies, and it is only...
CoinDCX commits to a seamless transition for Koinex users
14.2.2024
CoinDCX has announced that it is extending a helping hand to over 1 lakh users of Koinex, enabling them to transition to the new platform with convenience, effective February 4, 2024. The objective is to empower the Indian crypto community. Once transitioned, users can find their assets...
Hong Kong’s SFC warns crypto exchanges
6.2.2024
The Securities and Futures Commission (SFC) of Hong Kong has issued a formal notice mandating that all cryptocurrency exchanges submit their certification applications for virtual asset trading platforms (VATPs). The specified deadline for the completion of this task is February 29, 2024. Failure...
FTX lawyer says that the company is not restarting its operations
1.2.2024
Andrew Dietderich, FTX’s lawyer, has finally come clean about where the company is headed. Andrew Dietderich has said that while plans to repay former customers are in the pipeline, the company is less likely to restart its operations. He has said that the management anticipates sufficient funds...
Coinbase shares expert views on the state of bridging in 2024
30.1.2024
Coinbase recently shared its expert views on the state of bridging in 2024. The official post by Coinbase read that bridges have become a pivotal infrastructure for service providers, users, and protocols. There are three types of bridges primarily being used in the market: Bridge Aggregators...
Regulators’ crypto control sets Binance and SEC on opposite ends
23.1.2024
The Securities and Exchange Commission (SEC) stood by its decision to investigate specific cryptocurrency assets, while Binance, the world’s largest cryptocurrency exchange, petitioned a federal judge to dismiss the matter entirely. This might open the way for the SEC to mark its territory...
Gemini now holds a crypto registration in France
18.1.2024
Gemini continues its global expansion, now holding a valid registration in France under l’Autorité des Marchés Financiers, also known as AMF. The announcement for the same was made by Gemini, sharing the news that it has registered itself as a Digital Asset Service Provider (DASP). AMF is a French...
Gulf Binance launches Binance TH for eligible users
17.1.2024
Gulf Binance, a partnership between Binance and Gulf Innova Co. Ltd., has opened up its digital asset brokerage and exchange platform in Thailand, Binance TH by Gulf Binance (Binance TH), to the public. Users who are eligible for trading can create an account on the platform and get started....
Bitfinex blocks exploit as a massive transfer fails
16.1.2024
Bitfinex has reportedly blocked a major exploit that could have drained half of its market capitalization. According to reports, the malicious actor intended to take away $15 billion worth of XRP tokens. The number comes to around 25.6 billion, which is half of the circulating supply. Bitfinex...
Gate.io joins the list of exchanges to enable Shibarium support
16.1.2024
Ever since its launch, Shibarium has been making headlines every few weeks. The network registered millions of transactions in weeks alongside 1.3 million wallets. Now, the L2 network is gaining support across the crypto exchange industry. Gate.io, one of the biggest exchanges based on user base...
Coinbase is bringing its products to Africa with Yellow Card
12.1.2024
Coinbase and Yellow Card have recently partnered to distribute Coinbase’s products in Africa. The exchange will initially extend its service provision to twenty countries across the country. Yellow Card stands as a leading stablecoin exchange in Africa. Its collaboration with Coinbase will...
Here is how India’s FIU ban will affect your crypto investment
11.1.2024
The Indian government recently issued a notice against nine crypto exchanges in India. After the notice, the Apple India app store removed Binance and other exchanges from its store. The nine names included Huobi, Binance, KuCoin, Gate.io, Bitstamp, Bitfenex, MEXC Global, Kraken, and Bittrex....
Binance’s new cloud mining presale begins!
8.1.2024
Binance, one of the leading global cryptocurrency exchanges, has launched a presale on its latest Cloud Mining products designed for Bitcoin BTC mining. Furthermore, Binance’s move to enable GPU crypto mining is a giant leap towards making cryptocurrency mining more affordable and accessible...
CoinDCX Co-Founder addresses CoinDCX App scam news
4.1.2024
Sumit Gupta recently released an official tweet to clarify the recent news regarding fraud on the CoinDCX app. The co-founder and CEO of CoinDCX started the tweet by acknowledging the reports related to unethical acts related to the exchange. However, Sumit quickly clarified that no such incident...
FIU IND blocks 9 crypto exchange URLs for non-compliance
29.12.2023
A total of 9 crypto exchange platforms have been served with a compliance Show Cause notice by the Financial Intelligence Unit India, also recognized as FIU IND. The names of these platforms are Binance, Kucoin, Kraken, Huobi, Gate.io, Bitstamp, Bittrex, Bitfinex, and MEXC Global. The said...