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Binance covertly sells Gopax’s share of claims in Genesis Global
28.5.2024
Binance has been responsible for covertly selling its subsidiary in South Korea, Gopax’s claims about Genesis Global, for half its value or even less. In 2023, Binance was known to be the biggest shareholder of Gopax, a prime cryptocurrency exchange in South Korea. In return for the buying...
New York customers can avail of XRP trading by Coinbase now
24.5.2024
The largest crypto exchange in the USA has reintroduced support for XRP, a leading cryptocurrency, in New York on 23rd May 2024. New York residents can buy and sell cryptocurrency on Coinbase once again and trade on Coinbase.com or the cryptocurrency exchange’s mobile applications. The legal head...
Coinbase brings in Tech Against Scams with multiple associates
22.5.2024
Coinbase introduces its landmark initiative, Tech Against Scams, along with the bigwig business houses for going to war against online and finance-related scams. The other players include Match Group, Meta, Kraken, Ripple, Gemini and GASO. The focus will be on creating awareness amongst the masses...
Kraken to maintain USDT listing amid new EU regulations
21.5.2024
A top official at Kraken said they will pursue all possible avenues to offer USDT under the next regime. Crypto exchanges are actively looking for measures to implement regarding stablecoins as the new legislation will emerge soon. USDT, the symbol for Tether, is the largest stablecoin in...
Gemini Earn to repay customers’ crypto by month-end
20.5.2024
A U.S. court has approved a Chapter 11 bankruptcy plan for the defunct cryptocurrency lender Genesis. According to a company announcement, Gemini, a Genesis creditor, will return assets to customers by the end of the month. Genesis, the bankrupt cryptocurrency lender that ceased operations...
AMF warns: Bybit operates without approval in France
17.5.2024
Bybit, a prominent cryptocurrency exchange, has recently faced regulatory scrutiny in France. Despite the cryptocurrency exchange, it has been in the market for five years. The exchange is estimated to have a user base of 20 million around the world. The fact that the exchange is not authorized...
SEC says crypto exchanges are delisting Naira from P2P platforms
17.5.2024
The Securities and Exchange Commission (SEC) recently announced that cryptocurrency exchanges have begun delisting the Naira for peer-to-peer (P2P) trading platforms. The SEC and the Office of the National Security Advisor (ONSA) issued an order the week prior mandating that digital currency...
EGLD listed on Poloniex: Trade and grow your crypto!
15.5.2024
Poloniex, a global platform for trading digital assets, has announced its plan to include EGLD, the primary token of MultiversX, in its list of available cryptocurrencies. This inclusion will be the gateway to numerous new users who will be able to join and be active in the EGLD ecosystem....
Binance to discontinue XRP and TUSD as margin assets
15.5.2024
Binance has made a formal declaration that it will be severing its ties with XRP, creating ripples in the market. Despite this, XRP managed to raise its price. This decision of Binance also brings TUSD (TrueUSD) into the picture. The company’s view-point is that it will not accept XRP and TUSD...
OKX launches spot and derivatives trading in Australia
14.5.2024
OKX has confirmed the launch of OKX Australia Pty Ltd., with an office in Sydney that opened in May 2023. OKX offers spots and derivatives in the region. The spot offering is accessible to all users. Derivative trading is restricted to verified wholesale clients only. The exchange platform allows...
Rain crypto exchange loses $14.1 million in hack
14.5.2024
Rain, a centralized cryptocurrency exchange in Bahrain, fell victim to a hacking incident. The exchange is basically a user-oriented link, adhering to Islamic finance-related fundamentals. Rain provides trading pairs for multiple cryptocurrencies, such as Bitcoin, Ethereum, and many more. It...
Bitpanda streamlines crypto investment with the new Meme Coin Leaders Index
14.5.2024
Bitpanda has effectively streamlined the crypto investment process. The primary objective was to do the same for meme coins, and Bitpanda has done that via the Meme Coin Leaders Index. By evaluating the market capitalization of the six most prominent meme coins, the principal aim is to assist...
Kraken challenges SEC’s definition in legal battle
13.5.2024
Kraken counters the Securities and Exchange Commission’s version of identifying legal investment deeds pertaining to transactions on the Kraken platform. This is regarding an appeal for nullifying a case introduced by the SEC. Kraken’s appeal focuses on a crucial differentiation between...
YFX incorporates Chainlink Data Streams on Arbitrum mainnet
10.5.2024
To provide customers with a higher level of DeFi exposure and promote the Chainlink framework, decentralized perpetual exchange YFX has integrated Chainlink Data Streams on the Arbitrum mainnet. The company’s initial incorporation occurred using Chainlink Data Streams, which included AVAX...
Notcoin goes mainstream: Bitfinex to list NOT token
10.5.2024
Notcoin will offer a unique gaming experience that rewards users with tokens for their involvement. The game gained huge popularity due to its game mechanics, which enable users to earn tokens through an upfront clicker interface. This approach garnered the attention of a substantial player...
$SWEAT token joins Bitvavo, Boosting Movement Economy
9.5.2024
A landmark in the world of cryptocurrency was reached when Bitvavo, the well-known and regulated Sweat Economy of Europe, revealed that $SWEAT – the original Sweat Economy token – is their inclusion. This latest Bitvava trading platform improvement offers new chances for development...
FTX plan promises 118% cash payout to nearly all creditors
8.5.2024
FTX, the collapsed virtual currency exchange platform, promises to repay 98% of its creditors, with the amount owed improved by 118% within two months after getting the nod from the court. During the meeting on Tuesday, a revised plan was presented, which raises the prospects of financial recovery...
Robinhood favored to prevail in potential crypto court case against SEC
8.5.2024
Analysts at Keefe, Bruyette & Woods (KBW) have weighed in on the potential legal battle between Robinhood and the U.S. Securities and Exchange Commission (SEC), expressing confidence that the popular trading platform would likely emerge victorious in any crypto-related court case. This...
Australia cracks down on taxes, requests crypto exchange client data
7.5.2024
Australia has escalated its efforts to bolster tax compliance and combat potential tax evasion within the burgeoning cryptocurrency sector by seeking client data from cryptocurrency exchanges operating within its jurisdiction. This latest development underscores the Australian government’s...
Bitrue boosts portfolio with new GPTV token and staking!
3.5.2024
Bitrue, which is a top-rated app for cryptocurrency trading, has introduced GPTV•AI•PEPE•KING (GPTV) into its list of tokens it deals with. This milestone follows on the heels of the successful initial launches of other similar BTC Rune tokens like SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP...