On May 31, Binance announced its plan to delist certain privacy coins, including Secret (SCRT), Zcash (ZEC), and Dash (DASH), for users in unspecified jurisdictions on June 26. The exchange stated that the decision was made to comply with local laws and regulations regarding the trading of these coins. Response from Privacy Coin Projects However,
Exchanges
Binance, a popular cryptocurrency exchange, recently announced its decision to withdraw from the Canadian market. Changpeng Zhao, the CEO of Binance (also known as CZ), explained that the regulatory requirements in Canada made it unfeasible to continue operating in the country. The exchange cited new regulatory guidance on stablecoins and investor limits as the reasons
Bybit, a cryptocurrency exchange, has announced that it will be halting all services and products being offered in Canada until further notice due to regulatory developments in the country. Canadian nationals and residents of the country will no longer be able to open new accounts with the exchange starting May 31. Existing Customers Can Continue
Paxful, a peer-to-peer bitcoin marketplace, has announced the appointment of Roshan Dharia as its interim CEO. In his new role, Dharia will focus on strengthening the company’s operations and exploring strategic alternatives. Dharia expressed his excitement about the opportunity, saying, “It’s a great honor to become CEO of Paxful. I look forward to hitting the
CoinEx, a cryptocurrency exchange, has announced that it will launch a new exchange for Hong Kong users called “BitHK.” The exchange will support Hong Kong dollar (HKD) and peer-to-peer (P2P) trading. It aims to offer safe and compliant trading and will be available in English and traditional Chinese. CoinEx’s Application to Operate as a VASP
BKEX, a cryptocurrency exchange, has halted all withdrawals due to funds being used for money laundering. The exchange issued a statement on May 29, stating that it was cooperating with law enforcement agencies to gather evidence. BKEX has assured its customers that it would do everything possible to restore normal operations. Withdrawals Suspended Indefinitely The
Binance, the popular cryptocurrency exchange, has received a digital asset operator license from Thailand’s Ministry of Finance for its joint venture with Gulf Innova. Gulf Innova is a subsidiary of Gulf Energy and the two firms have been working together to launch a compliant-first exchange. Plans for the partnership According to a press release from
Heimdall, a provider of business tokenization solutions, has partnered with OPNX to introduce a bankruptcy tokenization product. The product will allow users to access liquidity even if their funds are frozen on defunct platforms. The bankruptcy tokenization provides an alternative to the lengthy bankruptcy administration process that can take years to resolve. Why Celsius was
Alexander Vinnik, co-founder of BTC-e, is currently being held in the United States on charges of money laundering, aiding ransomware attacks, identity theft schemes, and drug trafficking. The US Department of Justice originally charged Vinnik in 2017, and BTC-e was seized and halted by US authorities in July 2017. Prisoner Swap According to The Wall
OPNX co-founder Mark Lamb has announced that its bankruptcy tokenization product will be available for Celsius users in a week. The product will help users with funds frozen on defunct crypto platforms to unlock their underlying value and recoup their locked funds. OPNX went live on April 4, offering spot and derivative trading. However, its
Cameron and Tyler Winklevoss, the founders of Gemini, are reportedly considering opening a second headquarters in the United Kingdom. The move comes as regulatory scrutiny increases in the United States. Several crypto exchanges have complained about the regulatory environment in the US, as regulators have doubled their enforcement actions against crypto firms in response to
UPbit, a South Korean exchange, announced that the Digital Asset Exchange Association (DAXA) has removed investment warnings on KAVA and WAVES and resumed deposits for these assets. DAXA had issued warnings about KAVA and WAVES in the past when stablecoins linked to them were discovered to be “not normally linked to 1 dollar”. At the
The South Korean crypto exchange Coinone has been embroiled in a listing scandal, which has led to the indictment of four individuals, according to The JoongAng newspaper on May 21. The indictment was brought against Coinone listing team leader Kim Mo and Coinone listing broker Hwang Mo, as well as two others who were not
Hotbit, a China-based cryptocurrency exchange, has announced that it will cease operations on June 21, 2022. The company has cited several challenges that have impacted the industry and its operating conditions as reasons for the decision. In a statement released on May 22, the exchange urged its users to withdraw their assets before the deadline.
Coinbase Cloud, the Web3 infrastructure unit of Coinbase, has announced that it will become a Chainlink (LINK) oracle node operator to enhance smart contract security. In a statement shared with CryptoSlate on May 18, Coinbase Cloud stated that Chainlink plays a significant role in providing real-world data for Web3 through decentralized Oracle networks. Since many
Major centralized exchanges experienced a substantial growth in their futures trading volumes at the end of March. According to data from WuBlockchain, Bitfinex and Deribit saw triple-digit percentage gains in futures trading volume compared to February, at 122.7% and 111.8%, respectively, with figures reaching over $3 billion and $27 billion. Meanwhile, Binance recorded a 47.7%
OKX, the cryptocurrency exchange, has announced that its wallet will soon support Bitcoin Ordinals and BRC-20 tokens trading. According to a statement released on May 16th, the exchange will enable support for BRC-20 token trading and BTC cross-chain swap this week, while support for Ordinal inscriptions and token casting will be allowed in June. The
Binance, a leading cryptocurrency exchange, announced on May 12 that it would be halting operations in Canada. The company explained that it was joining other crypto companies that are proactively withdrawing from the Canadian marketplace. Although Canada is a small market that holds sentimental value for Binance, the recent regulatory guidance has made operating in
Coinbase, a popular cryptocurrency exchange, has announced the formation of a Global Advisory Council. The company hopes that this council will assist them in navigating the increasingly complex regulatory landscape surrounding the cryptocurrency industry, both domestically and internationally. The Council The Global Advisory Council will include a number of high-profile members, including pro-crypto regulation Senator
In mid-2022, Huobi founder Leon Li expressed his intention to sell more than 50% of the company due to the market downturn and the regulatory landscape. Later that year, Li sold his controlling stake to a “buyout firm,” sparking rumors that TRON founder Justin Sun was behind the acquisition. However, Sun denied these rumors, claiming
London-based crypto lender, Nexo (NEXO) has closed two of its subsidiaries in the United Kingdom as part of a company-wide restructuring. Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. were shut down on May 11th, according to Bloomberg News. Investigation into Organized Crime Scheme in Bulgaria Bulgarian authorities are investigating Nexo for allegedly
Binance, a popular crypto exchange, has stated that the reports of large Bitcoin (BTC) outflows were false. Despite several data aggregators reporting outflows of up to 190,000 BTC in the last two days, the exchange stated that the reported outflows were internal movements between its hot and cold wallets, due to its address adjustments. These
Coinbase CEO Brian Armstrong has denied reports that the cryptocurrency exchange is planning to relocate its headquarters overseas to escape the US Securities and Exchange Commission’s (SEC) interference. Armstrong criticized the US for falling behind in cryptocurrency regulations but stated that Coinbase would remain in the US. In an interview with CNBC in Dubai, Armstrong
Coinbase, the US-based cryptocurrency exchange, is reportedly considering using the United Arab Emirates (UAE) as a hub for its international service in the Middle East and other nearby regions. Coinbase’s VP of International & Business Development, Nana Murugesan, recently tweeted about UAE’s potential to be a strategic hub for the exchange. The exchange’s CEO, Brian
During the previous bull cycle, the Crypto.com card offered members enticing benefits, such as substantial cashback and increased staking rewards for users locking CRO tokens up for a minimum of 180 days. However, after June 1, 2022, Crypto.com cut these benefits in response to deteriorating market conditions, such as halving cashback, capping monthly rewards, and
Sui’s mainnet has officially launched, and its native token is now trading on major exchanges such as Binance and Bybit. The token started trading for less than $2 and has already experienced a 72% decline in less than 30 minutes of trading, according to CoinMarketCap data. As of press time, the SUI token’s trading volume
Binance CEO Changpeng ‘CZ’ Zhao has announced that crypto entrepreneur Justin Sun will be prevented from farming Sui tokens with his $56.1 million deposit of True USD (TUSD) on the exchange. Sun’s deposit to Binance was made on May 1, leading many to speculate that he was attempting to farm SUI tokens through the LaunchPool