Binance US, the American branch of the world’s biggest crypto exchange, stated on Friday that it has worked with banking partners to fix the exchange’s USD withdrawal problems. It advises changing USD fiat funds to stablecoins cautioning that financial partners may cease the service soon. On June 23rd, Binance.US made
June 23, 2023 2 mins read
According to a court filing made public on Thursday, Binance has hired a former prominent prosecutor from the Department of Justice to represent it in the lawsuit brought against it by the Securities and Exchange Commission (SEC). Yesterday, Binance launched a complaint against the SEC for making false claims. Moreover,
June 23, 2023 2 mins read
To encourage the enduring expansion of its sharing economy, World Mobile has announced the official launch of a token buyback program. World Mobile’s treasury will acquire its native utility token, World Mobile Token (WMT), on the open market as part of the token repurchase program. On May 29, the first
June 22, 2023 1 min read
Huobi founder Li Lin claims that the cryptocurrency exchange is in violation of the terms of the purchase agreement by making use of the Huobi brand. X-Spot Co. Limited, owned by Li Lin, reportedly sued Huobi Global for trademark infringement at the High Court of the Hong Kong Special Administrative
June 22, 2023 2 mins read
A new application for a spot Bitcoin (BTC) exchange-traded fund (ETF) has been made by Invesco, a major investment management firm that manages $1.49 trillion in assets. This comes after Invesco and Galaxy Digital first applied to launch a Bitcoin ETF in 2021. A recent filing with the Securities and
June 21, 2023 1 min read
Iris Energy (IREN), a Bitcoin mining company listed on the NASDAQ, stated on Tuesday that it intends to increase its hash rate capacity by 63%, from 5.5 EH/s to 9.1 EH/s by the beginning of 2024. Moreover, Iris is nearing completion of phase 1 of its 600MW plant in Childress,
June 21, 2023 1 min read
Over the last two months, significant Bitcoin holders have been active in the market, buying up Bitcoin at a rapid pace. Despite what may seem like a recent decline in the value of BTC, large Bitcoin holders, or “whales,” have collected almost $3.5 billion in cryptocurrency since early April. Santiment,
June 20, 2023 2 mins read
Industry participants seek to allow leverage of four to 10 times for retail players, according to the Japan Virtual & Crypto Assets Exchange Association (JVCEA). Customers may now only borrow twice as much as they are risking. Regulators in Asia have been seeking to introduce crypto-friendly policies to allow more
June 20, 2023 1 min read
For an article he published last year, ZachXBT, one of the most followed on-chain crypto sleuths on Twitter, claims to be facing legal action. The analyst claims he needs public funding to pay for his defense since, unlike his accuser, he does not have a lot of money. That backing
June 18, 2023 2 mins read
After being sued in February 2023 for unlawful operations. Hong Kong-based cryptocurrency exchange CoinEx settled with the New York Attorney General’s office for over $1.7 million. And a prohibition on providing services in New York. The money that has been seized will be used to pay fines and reimburse investors
June 18, 2023 2 mins read