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India should reduce TDS on crypto trade in the 2023 budget
27.1.2023
Cryptocurrency in India is going through a process of legal identification. There is little surety if the country will legalize the digital currency considering that the digital rupee has started circulating in the market. An application of 1% TDS on the transfer of virtual digital assets worth...
Online shopping is made exciting with the all-new Binance Pay & Picodi partnership
25.1.2023
Binance has published a blog post to announce that Binance Pay has partnered with Picodi to enable its users to earn crypto cashback rewards. These rewards will be offered to users who access online stores at the official website of Picodi. The partnership’s objective is to enhance...
The Department of Justice charges the founder of Bitzlato with the unlicensed money transmitting
19.1.2023
The US Department of Justice has arrested and charged Anatoly Legkodymov for transmitting money without any license. If convicted, Anatoly Legkodymov faces a prison time of up to 5 years. Bitzlato is now in the news after its founder was mentioned in the press release of the Justice Department....
Coinbase halts its operations in Japan to review market conditions
19.1.2023
The Japanese arm of Coinbase has published an official blog post to announce that it is halting its operations in the region amid the present market conditions. Coinbase aims to review the business’s operations before moving forward with any other developments. Customers in Japan can deposit...
Binance Custody Announces the Official Launch Binance Mirror
19.1.2023
Binance, a leading cryptocurrency exchange, has just announced the debut of its mirror platform, Binance Mirror. Binance Custody, a reputable digital asset custodian that adheres to all applicable regulations, has launched its first off-exchange settlement service. Binance exchange now allows...
Huobi and Binance Freeze $100M Associated with Harmony One Attack
18.1.2023
Binance recently tweeted about freezing accounts linked to the $100 million Harmony One attack. The exchange also provided assistance when the attacker tried to launder the funds through Huobi. According to the latest tweets by Binance, 124 BTC, amounting to 2.5 million dollars, have already been...
Crypto.com signs agreement with Climeworks & strengthens sustainability journey
17.1.2023
Crypto.com, as part of its plans, has taken the initiative of signing an eight-year contract with Climeworks to fulfill its commitment to the nullification of its direct carbon emissions. Crypto.com, as an entity, happens to be the undisputed leader of industries related to regulatory compliances...
Former FTX US President Says Relationship with SBF Deteriorated
16.1.2023
Brett Harrison, the former president of the infamous FTX exchange, recently broke his silence about his time on FTX. Brett recently released a string of tweets that recalled his experience with a volatile Sam Bankman-Fried. According to the tweets, Brett’s relationship with Sam and other deputies...
SEC levels serious charges against Gemini and Genesis
13.1.2023
The Securities and Exchange Commission (SEC) has leveled formal and serious charges against Genesis and Gemini for illegally carrying out the sale of unregistered securities. For the uninitiated, Genesis is a digital asset financial services firm, while Geminin is a centralized cryptocurrency...
Arkhia embarks on a new venture with Pangolin to strengthen the Hedera network
10.1.2023
Arkhia is actively boosting and providing added thrust to the existing quality and accessibility of data on the Hedera network. On the anvil happens to be backing for some other networks also. Pangolin, in the meantime, will be utilizing the entity’s middleware dependability for gaining access...
Huobi users fear solvency concerns amidst high layoffs & withdrawals
9.1.2023
Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is reported suggesting layoffs to be conducted by Huobi. In addition, the crypto market has always been...
Coinbase and ENS partner to provide cb.id usernames for free
6.1.2023
Coinbase and ENS, short for Ethereum Name Service, have entered into a partnership to provide Web3 usernames to its users for free. These usernames are managed by Coinbase. They can be claimed through the desktop or mobile applications by new and existing users. A username, cb.id in this case...
Coinbase & NYDFS to settle compliance investigation
5.1.2023
The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...
MEXC launches a $20 million fund to support key Sei projects
4.1.2023
MEXC has announced the launch of a $20 million ecosystem fund to support the Sei Network adoption. MEXC is a reputed crypto trading platform, featuring in the top 3 crypto platforms in Asia and 10 across the globe. It was founded in April 2018, and according to our MEXC exchange review, the venture...
BONK to go live on MEXC in Assessment Zone
3.1.2023
MEXC announces the launch of trading for BONK, a project by Bonk Inu, by initially enabling the trading pair BONK/USDT. According to the timeline shared by the MEXC exchange platform, deposits are already active, and trading is scheduled to start on January 3, 2023, at 11:00 UTC. Withdrawals will...
Bahamas securities commission backfires at FTX’s management
3.1.2023
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, the SCB is trying to rectify the material misstatements by John Ray III. Recently appointed as...
Research shows fake unregulated crypto exchange volume
2.1.2023
A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research, also known as the NBER shows that almost 70% of the transactions on unregulated crypto exchange platforms are made up of wash trades. In other words, those transactions are fake. A “wash...
You can now use Google Pay & Apple Pay on Binance!
30.12.2022
Binance, one of the biggest names in the crypto domain, recently announced the integration of Google Pay and Apple Pay. The integration has opened the exchange to 43.9 million Apple Pay and 25 million Google Pay users. The platform released an official post to inform users about the development....
Ellison and Wang admit misleading lenders with Bankman-Fried
27.12.2022
FTX trouble begins to clear the air as more accounts come forward with their statements. Caroline Ellison, the former Chief Executive Officer of Alameda Research, pleaded guilty recently, admitting that she was aware of the activities that were taking place from 2019 to 2022. According to...
Huobi announces to review the launch of Pi
27.12.2022
Pi Network’s mainnet upgrade is underway, and Huobi has its eye on the development. The latter has announced that it will support the development, which will be followed by Huobi adding support to the list of Pi. This comes after positive recommendations from the community. Huobi shared...