Fri, March 29

Search Results for: Crypto Exchange

Crypto Exchange Binance Offers $5M Reward for Insider Trading Info

Binance has introduced a reward that may pay out between $100,000 and $5 million to anybody who comes forward with information on possible corruption or insider trading on the platform. Book of Meme (BOME), a meme coin based on Solana, was revealed to be listed on Binance on March 16.

March 19, 2024 1 min read

Crypto Exchange Binance Surpasses $100B in Assets Under Custody

Crypto exchange Binance reported on March 18 that the value of its assets under custody had surpassed $100 billion. When compared to the $40 billion that was recorded last year, this accomplishment is substantial. Reasons cited by Binance for the growth include the exchange’s dedication to maintaining a 1:1:1 ratio

March 19, 2024 2 mins read

Nigerian SEC Proposes Significant Fee Hikes for Crypto Exchanges

The SEC in Nigeria has suggested an increase in the registration cost for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000), as part of an update to the regulations that govern platforms providing crypto services. According to the SEC, the purpose of the proposed amendments was

March 17, 2024 1 min read

Hong Kong SFC Adds Crypto Exchange MEXC to Warning List

March 15 saw the addition of cryptocurrency exchange MEXC to the warning list maintained by Hong Kong’s Securities and Futures Commission (SFC). The SFC has said that MEXC is advertising its services to investors in Hong Kong even though it does not have a license to operate in the region

March 16, 2024 2 mins read

Binance Labs Separated From Crypto Exchange Binance

Binance Labs, the venture capital arm of the world’s leading cryptocurrency exchange Binance, has recently announced its independence from its parent company. The move grabs significant attention in the crypto industry. Under the leadership of CEO Richard Teng, who assumed the role following founder CZ’s legal challenges in the US,

March 15, 2024 1 min read

Crypto Exchange Bybit Added to Hong Kong SFC’s Warning List

As of March 14, the cryptocurrency exchange Bybit was added to the warning list maintained by Hong Kong’s Securities & Futures Commission (SFC). The regulator mentioned: “The Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit, which offers trading

March 15, 2024 2 mins read

Crypto Exchange WEEX Joins LUNC Token Burn Initiative

Another cryptocurrency exchange has joined the Terra Luna Classic community’s token burn initiative in an effort to decrease the amount of LUNC in circulation. Similar to Binance’s 50% LUNC burn mechanism, Singapore-based crypto futures trading platform WEEX has pledged to burn 30% of LUNC trading fees. In a post on

March 14, 2024 2 mins read

Crypto Exchanges Witness Massive Bitcoin Outflow Amidst Price Surge

In the midst of Bitcoin’s (BTC) price movement vying for all-time highs, the cryptocurrency is fleeing exchanges at the fastest pace in years. Research and analytics researcher at crypto insights business CryptoSlate, James Van Straten, highlighted withdrawals of Bitcoin worth billions dollars in a twitter post on March 3. Even

March 3, 2024 2 mins read

License Application Deadline Expires for Crypto Exchanges in Hong Kong

Hong Kong will soon force all non-compliant trading platforms to shut down locally, and the region has already ceased accepting licensing applications from cryptocurrency exchanges as of February 29. All Hong Kong cryptocurrency exchanges that have not applied for a license must close their doors by May 31, 2024, according

March 1, 2024 1 min read

Crypto Exchange Kraken Files Motion to Dismiss U.S SEC Lawsuit

On Thursday, Kraken filed a motion to dismiss the case, claiming that the U.S SEC had not charged fraud and had instead stretched the meaning of a contract in its lawsuit. With the argument that cryptocurrencies—or at least those included in the SEC’s complaint—should be classified as commodities rather than

February 23, 2024 2 mins read