Mon, February 10

Coinbase CEO Brian Armstrong Demands For Clear Crypto Regulations

Brian Armstrong, CEO of Coinbase, a cryptocurrency exchange, has urged lawmakers to establish clear crypto regulations. In addition to Armstrong, many others have voiced their dissatisfaction with the ambiguity of U.S. crypto policy, claiming that it makes it impossible for businesses to operate within the law. Yet, Gary Gensler, head

February 18, 2023 2 mins read

Crypto Exchange Binance Launches Mastercard Debit Card in Brazil

Binance, the world’s biggest crypto trading platform, has released a Mastercard debit card in the country of Brazil. Binance now offers its customers a debit card that can be used at any location that accepts Mastercard to make purchases using their cryptocurrency holdings. In addition to the many places where

February 16, 2023 1 min read

$1.4 Million Worth of Stolen Funds Frozen by Binance and Huobi

Binance and Huobi, two major cryptocurrency exchanges, have once again frozen accounts. This time its related to the June 2022 $100 million Harmony Horizon bridge attack. The trading platforms blocked almost $1.4 million in cryptocurrency that was traced to accounts associated with the infamous Lazarus Group in North Korea. Based

February 15, 2023 2 mins read

South Korean Authorities Investigating Staking Program Post Kraken Settlement

On February 15th, a media outlet claimed that the Korean Financial Services Authority was investigating the staking services industry. Concerns expressed by members of the cryptocurrency community regarding the fallout from the recent settlement between the SEC and Kraken in American court seem to be materializing. In the wake of

February 15, 2023 1 min read

Ripple Provides $1M in XRP for Earthquake Victims in Turkey

Ripple announced that it would contribute money to help those affected by the earthquakes in Turkey and Syria along with other businesses in the cryptocurrency sector. The commitment of $1 million in XRP by Ripple to help NGOs made public on February 15.  According to estimates, a 7.8 magnitude earthquake

February 15, 2023 1 min read

Binance Appoints Former Gemini Executive as New CCO

The largest cryptocurrency exchange Binance onboarded Noah Perlman, crypto exchange Gemini’s former C-suite executive, as its new Chief Compliance Officer. Evidently, Binance is reinforcing its compliance team through significant hiring to insulate itself from growing regulatory scrutiny. The news about this prominent hiring was first reported by Bloomberg on Monday,

February 15, 2023 2 mins read

Binance Praises ChatGPT Over Assisting Crypto Adoption and Education

Binance has published a blog post endorsing ChatGPT and highlighting the platform’s potential for advancing crypto adoption and education. The chatbot created by OpenAI has gone viral, becoming one of the most popular consumer apps ever. In a recent post, the crypto trading platform gushed over the revolutionary possibilities of

February 14, 2023 2 mins read

Bakkt Announces Discontinuation of Consumer App as of March 16

Bakkt, a platform for managing digital assets, has now stated it would discontinue its consumer app in favor of interacting directly with companies to provide them “with crypto and loyalty experiences for their customers through SaaS and API solutions.” On March 16th, there will be a final shutdown of the

February 14, 2023 1 min read

SEC Scrutiny Against Paxos Led Massive Binance Withdrawals

Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users.  The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then

February 14, 2023 2 mins read

Huobi Announces Shut Down of Huobi Cloud Wallet as of May 2023

Huobi, a cryptocurrency exchange, has stated that, due to “strategic and product adjustments,” it would no longer provide its Huobi Cloud Wallet service after May 2023. According to a post on Huobi’s help page, the multitoken wallet service will no longer get updates or bug fixes as of February 13.

February 14, 2023 1 min read