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CryptoCurrency
FTX Softens $4B Demand, Strikes $175M Settlement with Genesis
Both parties reached the agreement 'in principle' on or around July 20.
Genesis raised over $350M in customer, avoidance and loan claims against FTX.
Thursday, 17/08/2023 | 16:04 GMT
by
Solomon Oladipupo
CryptoCurrency
Patience Pays: Coinbase Receives Approval for Crypto Futures Trading in the US
The exchange has secured regulatory approval to enable crypto futures trading.
This service will soon be available to institutional investors from the US.
Wednesday, 16/08/2023 | 11:59 GMT
by
Damian Chmiel
CryptoCurrency
Rise of the Crypto Underdogs: ‘Low Tier’ Exchanges Gain Market Share after Binance Falters
Lawsuits against Binance reduced the exchange's market share in 2023.
This mainly benefited smaller platforms, not 'top tier' exchanges.
Wednesday, 16/08/2023 | 07:49 GMT
by
Damian Chmiel
CryptoCurrency
Dasset Crypto Exchange Crumbles: The Ripple Effects of Regulatory Pressure
Customers have been unable to withdraw funds for months.
The CEO of the exchange explains that banks do not want to cooperate with crypto firms.
Tuesday, 15/08/2023 | 12:26 GMT
by
Damian Chmiel
CryptoCurrency
From BitKeep to Bitget: Popular Crypto Wallet Rebrands, Launches Swap Offering
Bitget Wallet emerges as the new face of BitKeep after its acquisition.
The rebrand introduces Bitget Swap, enhancing multi-chain trading capabilities.
Thursday, 10/08/2023 | 10:00 GMT
by
Damian Chmiel
CryptoCurrency
From Boom to Bust: Bitstamp Dives from €37M Profit to €9M Loss in One Year
The UK branch of the crypto exchange reported significant losses.
This confirms that 2022 was a challenging period for companies in the industry.
Thursday, 10/08/2023 | 09:19 GMT
by
Damian Chmiel
CryptoCurrency
Coinbase Launches Blockchain and Edges Closer to Goal of Reaching 1 Billion People
The crypto exchange opened up Base to developers earlier in July.
The move comes as Coinbase narrowed its losses during Q2 2023.
Wednesday, 09/08/2023 | 20:22 GMT
by
Solomon Oladipupo
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CryptoCurrency
Bybit Presents New Product: Crypto Meets Wealth Management
The cryptocurrency company is expanding its services to include wealth management.
This is an interesting diversification at a time of declining crypto market activity.
Wednesday, 09/08/2023 | 12:40 GMT
by
Damian Chmiel
CryptoCurrency
Huobi's $500 Million Nightmare: From a Rumor to Alleged Insolvency
The platform is reportedly facing problems in China.
Analysts also claim that it has become insolvent.
Monday, 07/08/2023 | 07:09 GMT
by
Damian Chmiel
CryptoCurrency
Upbit Stops CRV Withdrawal as Curve Finance Loses Millions of Dollars to Exploit
BlockSec estimates that over $41M has been stolen from the hack.
Upbit says it wants to “ensure the safety of digital asset transactions.”
Monday, 31/07/2023 | 15:23 GMT
by
Solomon Oladipupo
CryptoCurrency
Binance Secures Operational License in Dubai despite Global Woes
Binance FZE has gained an operational license from Dubai's VARA.
The new license allows the company to offer exchange and broker-dealer services.
Monday, 31/07/2023 | 07:11 GMT
by
Damian Chmiel
CryptoCurrency
OKX Boosts Crypto Reserves by $3.8B in 2023, Makes 210,000 Addressses Public
OKX released its latest Proof of Reserves report, the ninth consecutive one in a row.
The report highlights a reserve ratio of over 100% across various digital assets.
Wednesday, 26/07/2023 | 09:30 GMT
by
Damian Chmiel
CryptoCurrency
KuCoin Dismisses Reports of Massive 30% Staff Cuts, Labels It as 'Evaluation'
KuCoin's CEO calls the reports rumors, but does not deny the cuts.
A few days earlier, the WSJ reported that Binance had laid off more than 1,000 people.
Wednesday, 26/07/2023 | 07:30 GMT
by
Damian Chmiel
CryptoCurrency
Binance Plans Launch in Japan in August, Considers Introducing Stablecoins
Binance acquired a 100% stake in a local crypto exchange last year.
The exchange plans to launch in Thailand during Q4 of this year.
Tuesday, 25/07/2023 | 13:30 GMT
by
Solomon Oladipupo
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CryptoCurrency
Bitget Unveils New Logo, Announces Apps Redesigning within 6 Months
Bitget has updated its brand identity, vision and visuals.
In addition to a new logo, it also intends to redesign its trading apps.
Tuesday, 25/07/2023 | 10:00 GMT
by
Damian Chmiel
CryptoCurrency
Indonesia Launches State-Backed Crypto Exchange and Clearing House
CoFTRA has unveiled managers for a crypto depository service.
The platform was expected to launch in 2021.
Friday, 21/07/2023 | 13:18 GMT
by
Jared Kirui
CryptoCurrency
FTX Launches $1B Lawsuit against Sam Bankman-Fried and Former Executives
The exchange is accusing the defendants of misappropriating users' funds.
The alleged fraudulent transactions reportedly took place from 2020 onwards.
Friday, 21/07/2023 | 09:49 GMT
by
Jared Kirui
CryptoCurrency
Bitget Joins ByBit and OKX in Newest Dubai Crypto Push, Opens Local Office
Bitget extends its global reach to the Middle East, targeting UAE and Bahrain.
The company plans to hire 60 employees for the Middle East expansion.
Thursday, 20/07/2023 | 10:00 GMT
by
Damian Chmiel
CryptoCurrency
Nasdaq Shelves Crypto Custody Plan, Cites ‘Shifting Reg Environment’ in US
Nasdaq introduced its digital asset division in September 2022.
In other news, the SEC has accepted six spot BTC ETF applications for review.
Wednesday, 19/07/2023 | 17:19 GMT
by
Solomon Oladipupo
CryptoCurrency
OKX to Offer Crypto Trading Signals to Retail Traders
The cryptocurrency exchange wants to expand its services to include trading signals.
The product will be available in August or September 2023.
Thursday, 06/07/2023 | 09:22 GMT
by
Damian Chmiel
CryptoCurrency
Germany Joins Anti-Binance Sentiment, BaFin Rejects License Application
Local media reports that BaFin rejected Binance's application for a crypto custody license.
This is another European country where Binance is encountering problems.
Thursday, 29/06/2023 | 11:02 GMT
by
Damian Chmiel
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CryptoCurrency
Coinbase Wins Supreme Court Backing for Arbitration
A customer filed a class action lawsuit last year over $31K of crypto lost to scammers.
However, Coinbase is seeking to take the case into private arbitration.
Friday, 23/06/2023 | 22:04 GMT
by
Solomon Oladipupo
CryptoCurrency
Wall Street Giants Propel EDX Markets into Digital Asset Trading Scene
EDX Markets has commenced trading operations, and completed a fresh investment round.
Later this year, the platform plans to launch a clearinghouse to boost its market efficiency.
Tuesday, 20/06/2023 | 17:37 GMT
by
Damian Chmiel
Retail FX
Exegy's Metro Platform Expands with Deribit Crypto Options Exchange Integration
Metro offers access to options, including crypto assets.
Exegy cooperates with three exchanges, including CME, Ledger X and Deribit.
Tuesday, 20/06/2023 | 17:08 GMT
by
Damian Chmiel
CryptoCurrency
Binance’s Acquisition of Gopax under Threat amid Ongoing SEC Battle
The crypto exchange wanted to buy a local business to build its presence in South Korea.
However, the ongoing legal battle with the SEC may foil these plans.
Wednesday, 07/06/2023 | 10:50 GMT
by
Damian Chmiel
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