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CryptoCurrency

Bitget Makes a $100 Million Move to Diversify Crypto Exchange Business

  • Bitget announces an EmpowerX Fund aimed at diversifying its ecosystem.
  • The fund will invest in regional exchanges, data analytics and media organizations.
Tuesday, 12/09/2023 | 01:40 GMT by Damian Chmiel
CryptoCurrency

Bitget Snowball Investment Product to Melt Away Crypto Winter Worries

  • The new product offers up to 24.5% APR with principal protection.
  • Bitget wants to give customers a way to earn more safely in a volatile market.
Wednesday, 06/09/2023 | 10:00 GMT by Damian Chmiel
CryptoCurrency

Binance Suffers Another Blow as Two More Executives Depart in Ongoing Talent Drain

  • In recent months, five important figures have left the company.
  • One of the main reasons is regulatory problems in the US and Europe.
Monday, 04/09/2023 | 11:32 GMT by Damian Chmiel
CryptoCurrency

Meet the Sole Crypto Exchange Publishing Proof of Reserves after FTX's Downfall

  • Proof of Reserves reports have gained popularity after the collapse of FTX last year.
  • OKX is the only major exchange that publishes them every month.
Thursday, 31/08/2023 | 11:00 GMT by Damian Chmiel
CryptoCurrency

Court Permits “Unlimited” Access to Jailed Bankman-Fried for Trial Preparation

  • The permission falls short of the FTX Founder's lawyers' request.
  • FTX's bankruptcy estate wants to onboard Galaxy for guidance on crypto holding.
Thursday, 24/08/2023 | 14:50 GMT by Solomon Oladipupo
Institutional FX

Anchorage Digital Chosen as Custodial Partner for EDX’s Upcoming Clearinghouse

  • Anchorage will provide custody services for EDX's clearinghouse business.
  • EDX is a non-custodial institutional crypto exchange launched in 2023.
Wednesday, 23/08/2023 | 09:00 GMT by Jared Kirui
CryptoCurrency

Indian Crypto Tax Rules Cited as One of Three Reasons for CoinDCX’s Job Cut of 12%

  • The other two are difficult macro conditions and low crypto asset prices.
  • The number of digital asset exchanges slashing employment is on the rise.
Wednesday, 23/08/2023 | 07:28 GMT by Damian Chmiel
CryptoCurrency

Sam Bankman-Fried Pleads Not Guilty to New Indictment

  • Bankman-Fried's lawyers claimed he is being denied access to his medicine.
  • They also want extra meeting days with the crypto entrepreneur for his trial preparation.
Tuesday, 22/08/2023 | 17:14 GMT by Solomon Oladipupo
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
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
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
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