Mon, June 8

KuCoin Implements Mandatory KYC Policy for All Users

KuCoin, one of the largest cryptocurrency exchanges, is implementing stricter identity verification procedures as part of its ongoing efforts to improve its KYC system. To better adhere to international Anti-Money Laundering standards, KuCoin stated on June 28 that it will be upgrading its Know Your Customer (KYC) system. After July

June 29, 2023 2 mins read

Dubai’s Virtual Assets Regulatory Body Grants Bybit MVP License

Dubai’s Virtual Assets Regulatory Authority (VARA) issued Bybit FinTech FZE, a subsidiary of the crypto exchange Bybit, a Minimum Viable Product (MVP) preparatory license on June 27. To serve a wider range of consumers in the United Arab Emirates, Bybit CEO Ben Zhou stated that the exchange is actively pursuing

June 27, 2023 1 min read

FTX Team Reports Recovery of Whopping $7 Billion

A fresh investigation report by the defunct exchange claims that the new FTX management team has recovered $7 billion. Furthermore, the new administration claims to have made “substantial progress” in recouping lost assets. However, a recently released investigation report indicates the exchange has an $8.7 billion debt to its consumers.

June 27, 2023 2 mins read

OKX Unveils Nitro Spreads For Advanced Traders

Leading crypto exchange OKX has unveiled its latest offering, “Nitro Spreads”, on its institutional Liquid Marketplace. This groundbreaking tool enables traders to execute complex basis trades with a ‘single click’, streamlining the process and enhancing efficiency. Basis trading involves capitalizing on the price difference between two distinct markets, such as

June 27, 2023 1 min read

Binance Australia Head Discloses Shocking Insights On Debanking Crisis

The Binance community is still shaken by the events that occurred on May 18. On that day, Binance Australia announced the suspension of its dollar services after its payments provider, Zepto. It received instructions from Cuscal to stop supporting Binance. This left the community with numerous questions, but they have

June 27, 2023 2 mins read

Top Indian Crypto Exchange KoinBX Lists LeverFi (LEVER)

LeverFi (LEVER) is set to debut on the KoinBX exchange, marking a significant milestone for the decentralized leverage trading platform. Starting from June 28, 2023, at 11:30 AM (UTC), users can deposit, withdraw, and trade the LEVER token on KoinBX, opening up exciting opportunities for crypto enthusiasts. 🚩 KoinBX |

June 27, 2023 2 mins read

Bybit Expands Operations With Crypto License in Cyprus

Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the

June 26, 2023 1 min read

Crypto Exchange Binance Withdraws License Registration in Austria

In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according

June 26, 2023 2 mins read

KoinBX Makes Global Waves: Top Indian Exchange Secures Trademark in Europe

In recent years, Indian crypto exchanges increased in numbers while playing crucial roles in bolstering the adoption of cryptocurrencies. Significantly, India is one of the prominent countries for the crypto industry as it has vast users who emerged in the sector. Crypto adoption across the nation has been attributed to

June 26, 2023 3 mins read

Court Denies FTX Co-founder SBF’s Request to Access Key Documents

FTX co-founder Sam Bankman-Fried (SBF) was turned down in his attempt to collect papers from Silicon Valley legal firm Fenwick & West LLP as part of his defense strategy in his continuing federal fraud prosecution. Bankman-Fried wanted to utilize this evidence to prove that he had sought and followed legal

June 24, 2023 2 mins read