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Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
31.10.2023
The Backpack exchange has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement
Web3 Wallet Backpack Launches Registered Crypto Business in Dubai
31.10.2023
Backpack , an all-in-one Web3 wallet, has become the latest to receive a Virtual Asset Service Provider (VASP) license in Dubai. The approval will enable Backpack to launch a regulated cryptocurrency exchange service in the city. Per the company’s press release, Backpack Exchange is set...
On-chain staking for ATOM and EGLD on Crypto.com App
31.10.2023
Crypto.com recently announced adding EGLD and ATOM to its on-chain staking list. The announcement was made on the official X/Twitter account of Crypto.com. The exchange now allows users to stake ATOM and EGLD on its app. Thus, users can secure the MultiversX and Cosmos blockchains while earning...
US Crypto Exchange Bittrex Receives Bankruptcy Nod to Cease its Operations
31.10.2023
A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations. In April, the US Securities and Exchange Commission (SEC) charged Bittrex, its co-founder and former CEO William Shihara. Bittrex faced allegations of operating...
Bitcoin Is Up Over 120% From 2022’s Lows – Here Is How High It Could Pump This Bull Market
30.10.2023
Just under one year ago, the Bitcoin (BTC) market was in turmoil as panicky investors dumped their holdings in wake of the collapse of the cryptocurrency exchange FTX. On November the 21st 2022, the BTC price hit its lowest level since late 2020 under $15,500, marking a 77% pullback from...
BitMart to list 9GAG’s Memeland ($MEME) token
30.10.2023
Binance Launchpad has unveiled a $MEME token by Memeland, a Web3 venture that is an initiative of 9GAG. The ecosystem’s native token will now go live on BitMart and Binance. A couple of conditions differ for both platforms, which is about trading pairs that users can access. For instance, BitMart...
Kasikornbank takes over a regional crypto exchange
30.10.2023
Kasikornbank, the second largest bank in Thailand in terms of assets, has acquired a regional cryptocurrency exchange through an affiliate. Kasikornbank, also known as KBank, disclosed to the Thailand Stock Exchange that it had acquired 97% of Satang Corporation Company Limited’s shares via...
Crypto Exchange Wants to See India Lower Tax on Trading
30.10.2023
Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to overseas platforms. Indian Exchange Expects...
Anthropic’s $2 Billion Deal With Google Brings Hope to FTX Creditors
29.10.2023
A few weeks back, a coalition of creditors from FTX, known as the “FTX 2.0 Coalition,” shed light on how the defunct exchange’s vested interest in Anthropic could significantly enhance their compensation. Now, Anthropic has successfully secured $2 billion in funding from Google....
Binance Appoints New Regional Head for Eastern Europe and Central Asia
28.10.2023
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year. Kyrylo...
Kraken Appoints Fintech Entrepreneur Bivu Das as New UK Managing Director
27.10.2023
Kraken appoints Bivu Das, an ex-Starling Bank executive, as a UK corporate representative to drive business expansion in the strengthening UK regulatory environment. On October 27, the prominent cryptocurrency exchange Kraken announced that Bivu Das, a fintech entrepreneur and former Starling Bank...
Kraken to suspend trading for USDT, DAI, WBTC, WETH, and WAXL in Canada
27.10.2023
According to customer emails, the changes will go into effect starting Nov. 30
Kraken to Release User Data to IRS in Compliance with June Court Mandate
27.10.2023
Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...
Crypto Expert Says Withdraw From Binance Now – Is It FUD?
27.10.2023
A crypto expert has urged his customers to withdraw their crypto from the world’s largest cryptocurrency exchange Binance as soon as possible, telling them that “what we’re hearing about Binance is abnormal”. As reported in a tweet on X by Simply Bitcoin, the CEO of crypto...
Crypto reshapes the American dream for younger generations: Report
26.10.2023
Young Americans are actively exploring fresh economic prospects independent of an obsolete financial system supported by sluggish institutions, according to a Coinbase report
Creditors of Struggling Crypto Exchange CoinFLEX Sue CEO and Seek Funds from ‘Bitcoin Jesus’ Roger Ver
26.10.2023
Creditors of CoinFLEX, a bankrupt exchange, sue CEO Mark Lamb and early investor Roger Ver, aka Bitcoin Jesus, alleging breach of fiduciary duty over the new exchange OPNX launch and unauthorized use of company assets. On October 25, creditors of the now-defunct cryptocurrency exchange CoinFLEX...
Binance pledges user safety with mandatory self-trade prevention
26.10.2023
Binance has made a strong commitment to safeguarding the interests of its users, and for that, it has built a user-friendly trading scenario. The company is inclined towards innovation and safeguarding users from the unstable cryptocurrency trading situation. Earlier, the company had announced...
Binance Labs Investment in SocialFi CyberConnect Propels Token Over 30%
26.10.2023
Web3 social platform, CyberConnect, records a soaring 31.2% growth in the last 24 hours after Binance Labs announced an investment into the firm. The venture capital division of the largest cryptocurrency exchange by volume, Binance Labs revealed on X (Twitter) that it made a follow-on investment...
Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors
26.10.2023
John Deaton says there has not been "a single serious conversation" about a potential settlement between Ripple, Brad Garlinghouse, Chris Larsen and the SEC
Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit
26.10.2023
Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC...