Despite a sluggish performance in the global cryptocurrency market over the past fortnight, new projects and developments continue to create buzz. In the queue, LayerZero, an omnichain interoperability protocol, has garnered significant support from the crypto community following a successful airdrop. This led to the listing of its native token,
It seems that sellers may be fleeing the market as some cryptocurrency exchanges have seen a substantial outflow of Bitcoin (BTC) from their platforms in the last few weeks. Technical expert Ali Martinez reports that during the last week, users withdrew 22,647 Bitcoin from various cryptocurrency exchanges. If this number
Several of the biggest international exchanges have withdrawn their applications for licenses from Hong Kong’s Securities and Futures Commission (SFC), seemingly undermining Hong Kong’s hopes of becoming the most sought-after location for Web3 and cryptocurrency. Exchanges, including OKX, Huobi, and Binance, have reportedly chosen to withdraw their applications in the
The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days. The list included leading exchanges Bullish, Crypto.com
Subsquid, a Web3 data access layer, has announced that many tier-one cryptocurrency exchanges are about to list its SQD token. On May 17, 2024, the native Subsquid token will be concurrently listed on Gate.io, Bybit, KuCoin, CoinList, and MEXC Global. SQD trading markets are scheduled to begin at 8:00 UTC, with
One component of Nigeria’s economic reform package is a recommendation from the International Monetary Fund (IMF) to license international crypto exchanges. A recent report by the International Monetary Fund states that the goal of Nigeria’s effort to include crypto into its financial system is to solidify the country’s position in
Binance and KuCoin recently completed registering with India’s Financial Intelligence Unit (FIU), which is a major step forward for the country’s cryptocurrency sector. This is a major milestone on the road to legalization and compliance with Indian regulations. Importantly, KuCoin has quickly paid a substantial fine of $41,000, allowing it
Bitcoin reserves held by crypto exchanges have hit record lows, according to data from CryptoQuant that goes all the way back to the beginning of 2021. Over the previous month, leading cryptocurrency exchanges have seen withdrawals totaling over 90,700 bitcoin, according to statistics compiled by CryptoQuant. Investors are removing their
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
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
