Exchanges

Crypto.com, the prominent cryptocurrency trading platform, recently faced a significant financial penalty from the Netherlands Central Bank amounting to €2.85 million. The fine was imposed due to the platform operating within the European country without proper registration for a period of two years. This lack of registration goes against Dutch regulations that require crypto firms

Coinbase recently made headlines by announcing its plan to launch a $1 billion bond offering aimed at raising funds for its growth and expansion. The offering, comprised of unsecured convertible senior notes maturing in 2030, provides investors with the opportunity to convert their holdings into Coinbase shares or cash at the time of maturity. This

The Nigerian government recently obtained a court warrant to detain Binance officials for at least twelve days after they insisted they should be taken to their respective countries’ embassies, according to local media outlet Premium Times. The government accused Binance of exacerbating the country’s foreign exchange challenges by manipulating rates for profit, leading to restrictions

In a bold move, Coinbase has openly criticized the Securities and Exchange Commission (SEC) for turning down its rulemaking petition, deeming the decision as “arbitrary and capricious.” This critique was officially lodged in a petition filed on March 11 with the US Court of Appeals for the Third Circuit. Should Coinbase’s efforts to challenge the

In recent months, Coinbase, the prominent US-based cryptocurrency exchange, has experienced a significant increase in its market share. This surge can be attributed to the introduction of several spot Bitcoin exchange-traded funds (ETFs) in January. As a result, analysts at Goldman Sachs have upgraded their rating on Coinbase shares, shifting from selling to neutral. Additionally,

Bitcoin experienced a brief moment in the spotlight on March 5th when it surged to its all-time high of $69,000. However, this moment was short-lived as the cryptocurrency quickly faced a 14% correction, pulling its price down to $59,300. Despite this correction, Bitcoin managed to regain some ground in the early hours of March 6th,

Cryptocurrency exchange Binance made the bold move to discontinue all services associated with the Nigerian local fiat currency, Naira (NGN), in a phased approach. This decision, made public on Mar. 5, came as a surprise to many as Binance announced that Nigerian users would no longer have access to various services related to NGN. The

Recently, popular crypto exchange Coinbase encountered a technical issue that led to some users experiencing a zero balance in their accounts. This incident occurred on March 4, causing concern and frustration among affected users. The company acknowledged the problem and reassured customers that their assets were safe. However, this is not the first time such

Binance, a popular cryptocurrency exchange, is facing scrutiny in Nigeria following its recent settlement with the U.S. Department of Justice. The House of Representatives Committee on Financial Crimes in Nigeria issued an ultimatum to Binance CEO Richard Teng, demanding his appearance before the committee by March 4. The committee’s chairman, Ginger Onwusibe, has accused Binance

The Nigerian government’s recent move to consider imposing fines of up to $10 billion on Binance has raised eyebrows in the crypto community. The government accuses the exchange of profiting from illegal transactions in the African country, leading to significant losses for the nation. According to reports, Binance operated in Nigeria without proper registrations, which

The Chamber of Digital Commerce recently filed an amicus curiae in defense of crypto exchange Kraken in response to a lawsuit brought forth by the US SEC. The purpose of the amicus brief is to challenge the SEC’s attempts to regulate the digital asset industry through enforcement actions rather than legislative authority. The Chamber emphasized

HTX, previously known as Huobi, has resubmitted its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. The Securities and Futures Commission (SFC) website confirmed this move, which comes after HTX withdrew its initial application without explanation. The reinitiation of the application process on Feb. 26 indicates a renewed effort by the

The Hong Kong-based cryptocurrency exchange BitForex has plunged into darkness, leaving its users in a state of panic. The suspension of its website and trading application on February 23 has rendered users unable to access their funds or the exchange itself. What is even more alarming is the fact that the exchange, which boasted a

In response to the US Securities and Exchange Commission (SEC) charges, Kraken asserted that the legal action taken against them was a result of their advocacy for the agency to operate within regulatory boundaries. During a testimony before the House Financial Services Committee and the House Agriculture Committee in May 2023, Kraken emphasized the inadequacy

The current state of Bitcoin’s liquidity market is a topic of great interest among enthusiasts, especially as the cryptocurrency hovers around the $52,000 mark. When delving deeper into Bitcoin’s liquidity, one can observe a complex interplay between buy and sell orders within a critical 2% market depth. This subtle dance reveals the delicate balance that

In recent years, there has been a significant decline in the volume of Bitcoin stored in exchange wallets, signaling a notable shift in investor behavior. This change is particularly evident since mid-March 2020, when over 17% of Bitcoin’s total supply was housed on exchanges, marking a record high. Despite Bitcoin’s 2021 bull run, which saw

Cryptocurrency exchange Backpack, founded by former FTX executives, has recently announced its expansion to 11 US states amidst increasing global regulations. The company’s CEO, Armani Ferrante, expressed determination to establish Backpack’s presence in the US gradually and diligently. In the announcement made on social media, Backpack revealed its availability to residents in states such as

Coinbase’s non-US exchange achieved a significant milestone on Feb. 20, surpassing $1 billion in daily trading volume. The exchange, known as Coinbase International Exchange, announced that their perpetual futures trading had reached this remarkable mark within a 24-hour period. This achievement was lauded by Coinbase CEO Brian Armstrong, who highlighted that it was the first

Recently, Binance, one of the leading cryptocurrency exchanges in the world, made an announcement that sent shockwaves through the crypto community. The exchange revealed that it would be discontinuing its trading and subscription services for leveraged token offerings, including popular tokens like Bitcoin, Ethereum, and its own BNB Coin. This decision, set to take effect

Recently, US prosecutors filed a sentencing memo on Feb. 16, asking a federal judge to approve the plea deal made by Binance and its former CEO Changpeng Zhao (CZ). The deal, which was initiated in November 2023, involves Binance paying a staggering $4.3 billion as one of the largest criminal penalties in US history. Furthermore,

In its recently published financial report, leading US cryptocurrency exchange Coinbase showcased its impressive performance in the fourth quarter of 2023 and highlighted its successful expansion efforts on the international stage. The report reveals significant revenue growth during this period, along with strengthened financials and a growing customer base. Q4 2023 Results Coinbase reported a

Coinbase, a prominent cryptocurrency exchange, recently made headlines when it lifted the freeze on Debt Box’s assets. This decision came after discovering discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. Paul Grewal, Coinbase’s chief legal officer, voiced his concerns on social media platform X, highlighting the SEC’s flawed

The Korea Financial Intelligence Unit (KoFIU) is taking significant steps to tighten its supervision over the cryptocurrency industry in South Korea. The KoFIU recently unveiled a comprehensive plan to enhance regulatory oversight and consumer protection. This move comes as part of the country’s efforts to strengthen financial monitoring in the rapidly evolving digital asset market.

Cryptocurrency scams have become increasingly common, with scammers preying on unsuspecting victims’ desire to enter the lucrative world of digital assets. Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning about a fraudulent entity impostering the legitimate crypto exchange MEXC Global. This article will delve into the details

The crypto market has witnessed a staggering 250% increase in the total assets under custodial accounts in the last four months. This significant growth can be attributed to various factors, such as the hype surrounding the spot Bitcoin exchange-traded fund (ETF) and the overall performance of the crypto market. The anticipation of a bull run

The cryptocurrency market experienced a significant event as Binance, the largest crypto exchange by trading volume, announced the delisting of Monero (XMR) and Multichain (MULTI). This decision sent shockwaves throughout the market, causing both digital assets to plummet in value. The delisting comes as no surprise given Binance’s warning about potential failure to meet listing

The Solana blockchain network has been making waves in the decentralized finance (DeFi) space, particularly with the recent Jupiter airdrop. This event has generated significant excitement and has led to a surge in trading activity on Solana-based decentralized exchanges (DEXs), surpassing the trading volume on Ethereum-based platforms. According to data from DeFillama, Solana-based DEXs facilitated