Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report
[Nov 13, 2023 4:10 AM] Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.
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Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data
[Nov 10, 2023 6:06 AM] Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $60 million.
Bitcoin ETF launch could be delayed more than a month after SEC approval
[Nov 9, 2023 4:32 AM] A total of 12 asset managers have filed for a spot Bitcoin ETF with the U.S. SEC, with the first window for approval from the SEC opening on Nov. 8.
Can Bank-Backed Exchanges Solve Crypto Trading’s Trust Problem?
[Nov 8, 2023 8:10 AM]
Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
[Nov 7, 2023 7:01 AM] Rebooting a tarnished name is difficult and some firms are so utterly compromised by their failures that there is no real hope of rehabilitation.
Coinbase Blocked in Kazakhstan for Breaking New Digital Assets Law: Report
[Nov 7, 2023 6:47 AM] Issuance, circulation, and offering trading of "unsecured digital assets" is prohibited outside the country's financial center under laws that came into effect earlier this year.
Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say
[Nov 6, 2023 11:03 AM] The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.
Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says
[Oct 29, 2023 12:30 AM] Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen…
Binance Appoints New Regional Head for Eastern Europe and Central Asia
[Oct 27, 2023 10:30 PM] 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…
Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says
[Oct 26, 2023 11:17 AM] A spot ETF approval could fundamentally alter bitcoin's supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com's Matt Weller told CoinDesk TV.
Binance Crypto Withdrawals Back Online After Temporary Outage
[Oct 25, 2023 5:22 AM] Withdrawals on cryptocurrency exchange Binance are temporarily unavailable due to a "technical issue," according to a post on the exchange's X account.
Binance Executives in UK and France Leave Crypto Exchange
[Oct 24, 2023 5:15 PM] Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions…
Binance Resumes Euro Transfers Through New Fiat Partners
[Oct 21, 2023 1:30 AM] Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of…
Crypto Exchange Coinbase Chooses Ireland as EU MiCA Hub
[Oct 20, 2023 8:00 PM] U.S. cryptocurrency exchange Coinbase has selected Ireland as the main regulatory hub for its operations across the European Union. The company hopes to obtain a license in Ireland that will allow it to provide services in EU member states under…
Binance US Suspends Withdrawals in US Dollars
[Oct 18, 2023 10:30 PM] Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal…
Investment as a Service: Table Stakes for the Next Crypto Cycle
[Oct 18, 2023 9:45 AM] Colton Dillion and Sonya Mann of Hedgehog Technologies explain why exchanges and other major players in crypto need to expand their horizons.
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
[Oct 18, 2023 5:30 AM] Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has…
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
[Oct 17, 2023 4:30 PM] Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review…
Russian Crypto Exchange Moves Money for Gaza Groups, Report
[Oct 16, 2023 5:30 AM] Palestinian militant organizations, including a Hamas-linked Islamist group, have been using a Moscow-based crypto exchange to transfer millions, a press report revealed. The U.S.-sanctioned platform, which allows customers to convert Russian cash…
AB 39 & SB 401: An Analysis Of Pending California Legislation For Bitcoin Exchanges
[Oct 12, 2023 7:30 AM] In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the…
Israel Police Freeze Crypto Accounts at Binance Allegedly Used by Hamas
[Oct 10, 2023 6:00 PM] The Israel Police have frozen crypto accounts held at Binance allegedly used by Hamas to collect crypto donations as tensions between Israel and Hamas escalate. In addition, the Israel Police have frozen a Hamas-linked account at Barclays Bank…
Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment
[Oct 8, 2023 3:30 AM] Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often…
Binance Announces UK Domain Compliant With New Crypto Promotion Rules
[Oct 7, 2023 1:30 PM] Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest…
Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker
[Oct 6, 2023 8:30 PM] Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing our business in…
Hong Kong Police and Securities Regulator Form Unit to Monitor Crypto Exchanges
[Oct 5, 2023 12:00 PM] Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve…
Coinbase Obtains License From Singapore’s Central Bank — Crypto Exchange Sees Singapore as ‘a Vital Market’
[Oct 2, 2023 9:30 PM] The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital…
Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin
[Sep 30, 2023 4:30 AM] Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already…
FTX’s $3.4B crypto liquidation: What it means for crypto markets
[Sep 29, 2023 7:03 AM] Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability.
Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries
[Sep 28, 2023 9:00 PM] Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the…
Binance Advises Paysafe Users to Convert Euro Balances to Tether
[Sep 28, 2023 4:30 PM] Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank…