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Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
4.2.2023
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance...
Uzbekistan Collects Over $300,000 From Crypto Sector
4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...
Overstock-funded tZERO Crypto exchange will shut down March 6
3.2.2023
Once a highly touted exchange, tZERO facilitates securities offerings, some of which are blockchain tokens
Binance severs ties with Indian crypto exchange WazirX
3.2.2023
According to the announcement, WazirX has until the end of the day UTC on Feb. 3 to withdraw all remaining funds it stores in Binance wallets
Bitcoin’s big month: Did US institutions prevail over Asian retail traders?
3.2.2023
There may be no single reason for BTC’s 39% January price gain, but some suspect institutional investors. Can their impact be quantified, though?
Binance re-enters South Korea with GOPAX exchange
3.2.2023
With new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi
US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase
3.2.2023
A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit...
Kraken shuts down Abu Dhabi office: Report
2.2.2023
Several Kraken employees will reportedly remain in the Middle East and North Africa, with regional managing director Benjamin Ampen likely to leave following the transition
Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows
2.2.2023
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will...
Justin Sun emphasizes the need for CEX transparency following FTX collapse
2.2.2023
Justin Sun thinks centralized exchanges (CEXs) could learn a lesson from decentralized finance (DeFi). The entrepreneur and diplomat who founded the Tron blockchain spoke at a roundtable at Philippine Blockchain Week in November 2022. The discussion inevitably turned to the newsmaking collapse...
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
31.1.2023
Positive signs of Bitcoin's recovery can be seen in on-chain, spot exchange and futures data
Binance partners with Mastercard to launch prepaid crypto card
31.1.2023
Binance recently announced a partnership with Mastercard to launch the Binance Card in Brazil. The prepaid crypto card is issued by Dock, allowing users to pay bills and make purchases via crypto. It acts as the bridge that connects traditional financial services with the crypto industry. Despite...
Here's how Kazakhstan aims to enhance its legacy crypto trading framework
31.1.2023
The Astana Financial Services Authority, a Kazakh regulator, pointed out that the existing framework dates back to 2018 while proposing certain enhancements
New York financial regulator investigates Gemini over FDIC claims: Report
30.1.2023
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation
Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
30.1.2023
Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation
Feds call for barring Bankman from witness tampering
30.1.2023
The bond agreement may soon be revised if US District Judge Lewis Kaplan accepts the filing submitted by Federal prosecutors, who have sought to restrict the reach of Sam Bankman-Fried. Federal prosecutors claim that Bankman-Fried is attempting to contact FTX counsel with the intention of tampering...
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...
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...
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
26.1.2023
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization
Several Crypto Exchange Websites Taken Down in Kazakhstan
26.1.2023
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After...