Wed, July 9

Binance Exits Netherlands Following License Rejection

Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Netherlands following its unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license would have certified it’s compliance with anti-money laundering (AML) guidelines.  Starting from July 17, 2023, Dutch residents will only be

June 16, 2023 1 min read

FDIC Issues Warning to Crypto Exchange OKCoin Over Insured Claim

The FDIC has warned the California-based cryptocurrency exchange OKCoin USA Inc., which is affiliated with the OKX, to avoid exploiting the FDIC’s name to strengthen its validity. The letter, sent to OKCoin’s CEO Hong Fang, raised concerns that the platform may be in breach of the FDIA’s Section 18(a)(4). Moreover,

June 16, 2023 2 mins read

Binance US Reportedly Fired Staff Amid Ongoing SEC Lawsuit

After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at

June 16, 2023 2 mins read

Crypto Lender Abra Receives Cease and Desist Order From Texas

One more catastrophe occurred in the highly volatile cryptocurrency market. In a dramatic turn of events, crypto trading platform Abra and its CEO, William (Bill) Barhydt, are facing allegations of securities fraud as the Texas State Securities Board filed an emergency cease and desist order against the company. The regulator

June 16, 2023 2 mins read

Will Coinbase Partnership with Bitkey Shape the Future of Crypto Exchange?

Coinbase, the leading crypto exchange, has consistently made headlines within the crypto community. The exchange faces a lawsuit by the U.S. Securities and Exchange Commission. The whole crypto market has been waiting for the end of the SEC’s case against the crypto exchange. Coinbase is thrilled to have partnered with

June 15, 2023 2 mins read

Crypto Exchange Binance Offers Bitcoin Mining Subscription Services

Crypto exchange Binance now offers Bitcoin mining subscription services. For those who want to mine Bitcoin but don’t have the gear, Binance’s cloud mining services are now available for the purchase of hashrates as of June 15. The “hashrate” is the computational capacity needed to verify Bitcoin transactions on the

June 15, 2023 2 mins read

SEC Delays Response to Coinbase’s Petition for Clear Crypto Regulations

The Securities and Exchange Commission (SEC), the top financial regulator in the United States, responded to Coinbase’s writ of mandamus on Tuesday. It would seem that the commission is not in the mood to issue sensible new rules. According to the court document, the U.S. SEC said it had not

June 14, 2023 2 mins read

Crypto Exchange Lama Issues Visa-branded Cards With 2% Bitcoin Cashback

Visa cards are being distributed to crypto exchange Lama’s consumers. The physical and digital cards make it possible to instantaneously convert cryptocurrency to fiat and use it everywhere Visa is accepted. The cards come with some unique advantages, such as a 2% BTC reward on all purchases for the Gold plan. Lama, a

June 14, 2023 2 mins read

Bitstamp Becomes Authorized Cryptocurrency Exchange in the UK

Bitstamp, a cryptocurrency exchange with a presence in the United Kingdom, is now one of the businesses authorized by the Financial Conduct Authority there. Approximately six months after the FCA added Hidden Road Partners and MoonPay in December 2022, on June 13, Bitstamp U.K. Limited and Interactive Brokers Limited is

June 14, 2023 2 mins read

Court Dismisses SEC’s Request to Freeze Binance U.S Assets

The SEC had requested that Binance U.S funds and other assets be frozen. A US federal court has ruled against the proposal of the SEC. Binance had only the day before urged the court to dismiss a similar SEC proposal. Binance U.S and Securities and Exchange Commission have agreed to

June 14, 2023 2 mins read
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