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Binance Claims Ignorance of $10 Billion Fine Imposed by Nigerian Government
4.3.2024
Binance, a leading cryptocurrency exchange, has denied allegations made by a Nigerian government official that it is facing a $10 billion fine. While Binance maintains its commitment to fostering a positive relationship with the Nigerian government, it firmly states that it will not succumb...
Nigeria Detains Binance Executives as It Investigates the Crypto Exchange: Reports
29.2.2024
Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country
Bitcoin Spot Trading Volume on CEXes Reaches $34 Billion, Highest Level Since FTX Collapse
29.2.2024
The Bitcoin (BTC) spot trading volume on centralized exchanges (CEXes) has reached the highest level of activity since the collapse of FTX.
The post Bitcoin Spot Trading Volume on CEXes Reaches $34 Billion, Highest Level Since FTX Collapse appeared first on Cryptonews
Crypto.com Partners BTG Pactual to Expand Latam’s Crypto Reach
29.2.2024
Crypto.com, a Singapore-based cryptocurrency exchange, partnered with BTG Pactual, Latam’s largest investment bank, to expand the access of Latam’s traditional customers to crypto services. The team-up entails listing BTG Dol, BTG Pactual’s dollar-pegged stablecoin,...
Nigeria Detains Two Binance Executives, Crypto Platform Accused of Exchange Rate Manipulation
28.2.2024
Nigerian authorities have reportedly detained two senior executives from Binance who had recently arrived in the country. The Central Bank of Nigeria’s governor stated that in 2023 alone, $26 billion flowed through the cryptocurrency exchange from sources and users that the bank could...
Mt. Gox: What We Still Don’t Know 10 Years After the Collapse
28.2.2024
To commemorate the 10th anniversary of the collapse of bitcoin exchange MtGox, Mark Hunter, author of “Ultimate Catastrophe: How MtGox Lost Half a Billion Dollars and Nearly Killed Bitcoin,” tackles the questions that still remain unanswered ten years later
Crypto Exchange Bitforex Suspends Withdrawals Following $56.5M Drain From Hot Wallets
27.2.2024
Bitforex, a centralized cryptocurrency exchange, abruptly halted user withdrawals. This sudden action occurred just moments after a reported $56.5 million was removed from the platform’s hot wallets. According to online crypto investigator Zachxbt, the Bitforex team has ceased all communication...
Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce
27.2.2024
Cryptocurrency exchange Kraken has shared what it called “the real story” of the lawsuit against it by the U.S. Securities and Exchange Commission (SEC). Kraken also explained why it is moving to dismiss the case. “Crypto innovators in the United States should not have to fear...
Coinbase Reveals Texas Voters Believe Crypto Is a Relevant Topic for the Next Elections
26.2.2024
Coinbase, a major U.S.-based crypto exchange, has found that Texas voters are interested in the crypto subject and presidential candidates’ postures on the issue. 21% of all Texan adults (4.7 million people) own crypto, with 74% of these owners likely to support candidates who recognize...
Coinbase CEO Says No Access Block in Nigeria, Platform Operating Normally
24.2.2024
Coinbase CEO Brian Armstrong has dismissed reports of his cryptocurrency exchange being blocked by Nigerian authorities. He emphasized that Coinbase products are fully operational in Nigeria without any interruptions. “We have not received any outreach or communication from officials...
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions
22.2.2024
Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative...
Switzerland’s Postfinance Launches Crypto Trading and Custody Service
21.2.2024
Swiss Post’s financial subsidiary, Postfinance, has launched a new cryptocurrency trading and custody service. Customers can use the service to “purchase or securely store an initial range of 11 cryptocurrencies at the click of a mouse or even set up a crypto saving plan,”...
Cryptocurrency Exchange Bitget Eyes Latam Expansion
21.2.2024
Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Latam, believes that the exchange can differentiate by focusing on serving...
Coinbase CEO: Every Institution Is Now Starting to Hold Crypto
21.2.2024
Coinbase CEO Brian Armstrong says “every institution is now starting to hold crypto,” emphasizing that “the asset class will be a standard part of every diversified portfolio.” Moreover, the executive noted that institutions will eventually be using crypto in other ways...
Bitcoin Whales Move $1 Billion Worth of Assets From Coinbase – What’s Going On?
20.2.2024
The amount of Bitcoin (BTC) held on Coinbase has plummeted by almost $1 billion worth of assets as whales move their holdings.
The post Bitcoin Whales Move $1 Billion Worth of Assets From Coinbase – What’s Going On? appeared first on Cryptonews
Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets
20.2.2024
Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However...
Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH
19.2.2024
Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile...
Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
16.2.2024
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said
Kraken Starts Requiring Info on Self-Custody Crypto Wallet Ownership in the UK
16.2.2024
Kraken, a U.S.-based cryptocurrency exchange, has started requiring additional information in the U.K. regarding transactions of self-custody wallets made to and from its accounts. Kraken sent an email to some of its U.K. customers, stating that if the information required was not provided,...