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Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base
24.2.2023
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time....
New York Attorney General Sues Crypto Exchange Coinex — Claims Trading Platform Offers Unregistered Securities
23.2.2023
New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The NY attorney general also stressed that Coinex is not registered with...
Binance Australia Derivatives reportedly closes accounts and positions for some users
23.2.2023
Binance Australia Derivatives incorrectly classified end users as wholesale investors, according to an investigation into its onboarding services
CoinEx’s tokens and services are under NY Attorney General scrutiny
23.2.2023
In the crypto sphere, exchanges continue to come under scrutiny by regulators and relevant authorities. The reason is pretty simple: most exchanges offer tokens and services that qualify as securities and/or commodities, but they are being offered without any registration. The New York Attorney...
Coinbase maintains strong position after revealing Q4 results
22.2.2023
Coinbase recently released its Q4 2022 earnings to market players and shareholders. The exchange has experienced an upward tick in its share prices after the release. During the quarter, Coinbase reported over 605 million dollars in total revenue. The number was strikingly down compared to the...
Coinbase is not competing with Robinhood’s stock trading function
22.2.2023
Coinbase, one of the most popular crypto exchanges, recently revealed how much negative impact the past 12 months have incurred. Coinbase boasts the capability of becoming the most popular crypto exchange in Australia. Seeing how it has already partnered with JPMorgan and Zepto, it has gained...
Kraken CEO: Regulators Let Bad Guys Get Big and Blow Up to Serve Their Agenda
22.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys operate with huge competitive advantages. They suck up users, revenue, and venture capital that would...
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...
How to build a crypto portfolio without spending any money or time trading
21.2.2023
Some say “it takes money to make money,” but this isn’t true in crypto. Here’s a few free ways to start building a portfolio
Japan’s FTX unit K.K. decides to return back its client’s money
21.2.2023
The FTX unit in Japan, a subsidiary of the failed cryptocurrency exchange of Sam Bankman-Fried, announced its decision to resume withdrawals this week to make the 1st of the FTX group to return funds to customers. FTX, also known as Futures Exchange, is currently a bankrupt company that previously...
'Regulators let the bad guys get big' — Kraken CEO speaks out after SEC settlement
20.2.2023
According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy "the good guys"
Binance launches new Fan Club program with exclusive team rewards
20.2.2023
Binance has relaunched its Fan Token engagement programme today. They have done so to provide users with even more incentives and opportunities to interact with their favourite sports team. With this new programme, fans can accrue points that can be exchanged for amazing rewards...
Binance leads crypto with technical support and events in key regions
20.2.2023
Binance is running two developments simultaneously, one as support for the Vite Network upgrade and another as the host of crypto events in critical regions like Australia. To begin with, Binance has announced its support for the Vite Network. According to the announcement, the platform...
BitMEX increases accelerated withdrawals to 5 BTC per transaction
20.2.2023
BitMEX, a prominent cryptocurrency exchange in the United Kingdom, has recently launched its accelerated withdrawal feature. The platform previously only supported once-per-day withdrawals. Now, users can withdraw BTC every hour with the newly rolled-out feature. According to the latest post...
Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange
20.2.2023
The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake...
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
20.2.2023
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of...
No businesses are for sale, says Blockchain.com
18.2.2023
Financial services firm Blockchain.com doesn't deny recent efforts to raise capital, but disputes claims about selling assets
Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status
18.2.2023
Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency...
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
18.2.2023
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director...
DexibleApp aggregator hacked for $2M via 'selfSwap' function
17.2.2023
The buggy function was intended to allow users to provide their own routing information, but the code did not limit routers to a pre-approved list