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Crypto exchanges to propel Web3 and crypto awareness in India
15.2.2023
Crypto adoption in India could happen successfully following any intervention from the regulators, besides implementing a tax cut and TDS. The country has a vast population to leverage. Still, it is also responsible for educating them about the functioning of crypto and Web3, both of which...
The IRS is Taking Action to Uncover Identities of This Crypto Exchange's Customers – Who Will Be Affected?
10.2.2023
According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.
The major exchange has allegedly been...
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
9.2.2023
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin...
Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse
9.2.2023
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations “are false and unsubstantiated,” Wazirx stressed. “As far as Binance’s actions are concerned, we are taking...
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
8.2.2023
Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations...
Crypto exchanges tackle insider trading after recent convictions
7.2.2023
The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance
3.2.2023
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will...
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...
Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse
31.1.2023
The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions
31.1.2023
Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto...
Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’
29.1.2023
A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With...
Opinion: Crypto exchanges keep failing, so why do we still trust Changpeng Zhao?
24.1.2023
New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao
Binance Mistakenly Mixed Crypto Exchange's Client Funds With B-Token Collateral: Bloomberg
24.1.2023
The world's largest crypto exchange by volume said it is in the process of transferring the collateral out of the shared wallet
Uniswap Poll Shows 80% Support Decentralized Crypto Exchange's Move to BNB Chain
23.1.2023
Community members staked over 20 million UNI tokens to cast their votes
Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi
22.1.2023
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some...
Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges
22.1.2023
The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian...
CFTC commissioner: Crypto exchanges shouldn't 'self-certify' tokens
19.1.2023
Commissioner Christy Goldsmith Romero wants crypto exchanges blocked from self-certifying crypto and crypto products before going live on their platforms
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight
19.1.2023
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal...
'There will be many more zeros' — Kevin O'Leary on FTX-like collapses to come
18.1.2023
The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so
Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses
17.1.2023
More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from former CEO Sam Bankman-Fried or one of the senior executives of the fraud-ridden crypto giant