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Crypto Trading Platform Hotbit Terminates CEX Operations

[May 22, 2023 4:49 AM] Hotbit users have until 04:00 UTC on June 21 to withdraw their assets from the platform.

Bitcoin Blockchain Continues to See Growth in Ordinal Inscriptions and BRC20 Tokens

[May 21, 2023 3:30 PM] As of Sunday, May 21, 2023, over 8.3 million Ordinal inscriptions have found their place on the Bitcoin blockchain, accompanied by a count of 24,677 BRC20 tokens. These new BRC20 tokens have also amassed a collective market capitalization of $483…

Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider

[May 18, 2023 10:00 PM] Binance Australia said on May 18 that it is “unable to facilitate PayID AUD deposits for Binance users” due to a third-party payment service provider’s decision to discontinue support for the crypto exchange. Binance Australia…

Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms

[May 17, 2023 1:30 AM] According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes…

U.S. DOJ's Crypto Enforcement Director Promises Crackdown on Illicit Behavior on Exchanges: FT

[May 15, 2023 2:42 AM] Eun Young Choi said the DoJ is targeting crypto exchanges that allow "criminal actors to easily profit from their crimes and cash out,"

Decentralized Exchange Uniswap Trading Volume Outpaces Coinbase for 4th Consecutive Month

[May 11, 2023 1:27 PM] Uniswap, the decentralized exchange, outpaced centralized exchange Coinbase in April.

FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition

[May 9, 2023 7:30 AM] Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian…

Binance Reportedly Investigated in US for Russia Sanctions Violations

[May 7, 2023 1:30 AM] Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial…

UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance

[May 6, 2023 3:30 PM] A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also…

Former SEC Enforcement Chief: Coinbase’s Arguments ‘a Surefire Loser’ and Possibly Criminal

[May 5, 2023 1:30 PM] According to John Reed Stark, crypto exchange Coinbase’s assertions that its business activities were endorsed by the U.S. Securities and Exchange Commission (SEC) when it approved its initial public offering are “a surefire…

Coinbase Shares Rise as Q1 Revenue Grows 23% to $773M From Q4

[May 4, 2023 2:19 PM] The crypto exchange reported first quarter results after the close on Thursday.

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

[May 3, 2023 11:30 PM] Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the…

Coinbase to cease issuing new Bitcoin-backed loans via Borrow service

[May 3, 2023 10:34 PM] The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.

FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

[May 3, 2023 5:39 PM] The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.

Coinbase Losses Expected to Narrow; Analysts Seek Details About International Exchange

[May 3, 2023 1:32 PM] Traders of U.S.-based crypto exchange Coinbase (COIN) will likely get some relief when the company reports first quarter earnings for 2023 on Thursday.

Coinbase faces suit over alleged privacy violations in biometrics collection

[May 2, 2023 12:15 AM] The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users' fingerprints and facial scans.

Darknet hackers are selling crypto accounts for as low as $30 a pop

[May 1, 2023 11:42 PM] Prices of hacked cryptocurrency accounts still fetch the highest prices among hacked online accounts, according to online data security provider Privacy Affairs.

Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges

[Apr 29, 2023 4:00 AM] According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan…

Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds

[Apr 28, 2023 2:00 AM] Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s…

Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses

[Apr 27, 2023 4:00 PM] On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the…

Binance Reportedly Removes Restrictions on Russian Users

[Apr 27, 2023 12:30 AM] The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading…

Crypto Has Evolved From Being Seen as an ‘Anti-Establishment Rebellion Asset’ Says FCA Executive Director

[Apr 26, 2023 2:00 AM] From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial…

Gibraltar Court Orders Crypto Wallet Freezes as Investigators Probe Failed Trader Globix: FT

[Apr 25, 2023 2:06 AM] A Gibraltar court has ordered Binance, Crypto.com, Bitstamp and Kraken to freeze wallets or identify owners linked to the collapsed crypto trader.

Coinbase files court action to compel SEC’s response to rulemaking petition

[Apr 24, 2023 6:42 PM] Coinbase is looking to force the United States Securities and Exchange Commission to respond to its rulemaking petition seeking rules for the crypto industry, a request that’s been pending since July.

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey

[Apr 21, 2023 2:30 AM] Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring…

Crypto Exchange Coinbase Receives License to Operate in Bermuda

[Apr 20, 2023 10:27 AM] Coinbase (COIN) has obtained a license to offer its services in Bermuda as part of its international expansion efforts, the firm announced in a blog post on Wednesday.

Polymesh Wins Binance as Node Operator on Its Layer-1 Blockchain

[Apr 20, 2023 1:00 AM] The exchange will let POLYX holders stake that token on Binance by the end of this week.

Coinbase gets Bermuda license, offshore exchange could launch next week: Report

[Apr 19, 2023 5:23 PM] It's reported the U.S.-based crypto exchange is planning to quickly launch a derivatives exchange based in the island nation.

Prosecutors Seek 7-Year Prison Sentence for Reggie Fowler in Crypto Shadow Bank Case

[Apr 19, 2023 7:20 AM] The former footballer pleaded guilty to bank and wire fraud charges over operating Crypto Capital Corp., the shadow bank that lost Bitfinex's millions.

NBA Hall of Famer Shaq Served in FTX Investor Suit

[Apr 18, 2023 8:30 AM] A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s…