Fri, April 19

BUSD Holders Beware, Binance to End Support Soon

Binance, the world’s largest crypto exchange, has released an announcement stating that users should convert their Binance USD (BUSD) into other cryptocurrencies, including the newly listed stablecoins, before February 2024. This announcement comes after Paxos halted the minting of the new BUSD. As Paxos has halted minting of new BUSD,

August 31, 2023 2 mins read

Binance Granted Permission for New Attorney in SEC Lawsuit

A new attorney for Binance.US has been granted by a federal court in the U.S. SEC case involving Binance, its U.S subsidiary and CEO Changpeng Zhao. On August 30, Andrew Rhys Davies, an attorney representing Binance.US, filed a notice of presence in the ongoing SEC litigation. Davies’s application to appear

August 31, 2023 1 min read

Crypto Exchange OKX Releases 10th Proof-of-Reserve (PoR) Report

Crypto exchange OKX has released its tenth Proof-of-Reserve (PoR) report to gauge its liquidity in the highly volatile market. According to the data included in the report, the exchange’s reserves of BTC, ETH, and USDT have grown to a total of $10.4 billion. OKX is one of the few exchanges

August 30, 2023 1 min read

SEC’s Sealed Submission Request in Binance Lawsuit Raises Concerns

A move to submit court papers under secrecy has been filed on behalf of the U.S SEC in its civil lawsuit against Binance. More than 35 documents, a statement from Jennifer Farer (a trial attorney for the SEC), and a proposed order were all included in the request. The SEC

August 30, 2023 2 mins read

Binance Drops Banco de Venezuela Support for P2P Trading

Binance no longer accepts Banco de Venezuela as a funding source for its P2P trading service. Similar actions were taken with Russian banks last week, so this is certainly an attempt to comply with international financial crackdown. Users in Venezuela claim that Binance has removed Banco de Venezuela as a

August 29, 2023 2 mins read

CoinDCX Leads Investment Round in BitOasis Crypto Exchange

BitOasis, a crypto exchange based in Dubai, has raised capital from a number of sources, one of which being the Indian trading platform CoinDCX. Bloomberg reported on Friday that details of the agreement, including its worth and the parties involved, remained undisclosed. Both Wamda Capital and Jump Capital also participated

August 29, 2023 1 min read

DCG and Genesis Agree on Preliminary Settlement for Creditor Claims

According to a court filing made on August 29th, the Digital Currency Group (DCG) and insolvent cryptocurrency lender Genesis have reached an in-principle agreement to settle the claims of the creditors. With a severe liquidity problem ensued with the demise of cryptocurrency exchange FTX. Genesis filed for Chapter 11 bankruptcy

August 29, 2023 1 min read

Binance To Continue Services To Belgian Users Through Poland Subsidiary

Binance stated that its Poland subsidiary will begin serving citizens of Belgium in compliance with a directive from the Belgian Financial Services and Markets Authority (FSMA). Binance said on August 28 that the exchange’s Polish subsidiary, Binance Poland sp. z o.o., which was formed in January with approval from Polish

August 29, 2023 1 min read

Hong Kong’s HashKey Exchange Opens To Retail Crypto Investors

Hong Kong, a major financial center on the world stage, has taken a major step forward in fortifying its crypto position. One of the first exchanges to get a license from the city’s SFC, HashKey Exchange, officially welcomed retail investors on Monday. This is an important step in the city’s

August 28, 2023 2 mins read

Indian Exchange WazirX Halts INR Withdrawals

WazirX, the Indian crypto exchange, has temporarily halted fiat withdrawals from its trading platforms. Indian crypto users have not been able to withdraw Indian rupees (INR) for over 24 hours. The suspension is due to complications with the crypto exchange’s payment provider. According to the withdrawal page on the trading

August 26, 2023 2 mins read