Mon, June 8

Power Players Show Interest in FTX 2.0 Amid Crypto Exchange’s Revival Plan

In a dramatic turn of events, FTX, the embattled crypto exchange, has garnered interest from 363 potential investors, including heavyweights like BlackRock, Ripple Labs, and Nasdaq. This development comes as CEO John Ray III moves forward with restructuring plans. Further, these plans fall under the US Bankruptcy Code’s 363 Sale

June 24, 2023 2 mins read

Robinhood Acquires Credit Card Firm X1 for Whopping $95 Million

By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood

June 24, 2023 1 min read

Crypto Exchange Mercado Bitcoin Now Part of Brazil’s CBDC Pilot

Two major Brazilian institutions have been given permission by Brazil’s central bank to take part in the pilot of the digital real, the country’s central bank digital currency (CBDC). Consortium members, including the major local bitcoin exchange Mercado Bitcoin and the state-owned bank Caixa, have been granted permission to begin

June 24, 2023 2 mins read

Belgian Authorities Demand Binance To Cease Operations Immediately

Binance has been compelled to suspend its cryptocurrency services in Belgium. The FSMA has issued an order for an immediate halt of digital asset offerings in the nation. According to the announcement, Binance’s crypto services are available “from countries that are not members of the European Economic Area.” The biggest

June 24, 2023 2 mins read

Coinbase Scores a Legal Victory as the Supreme Court Rules in Its Favor

Coinbase, a leading crypto exchange platform, succeeded in its effort to submit customer complaints to private arbitration. The U.S. Supreme Court backs the crypto exchange’s request to postpone customer lawsuits.  Coinbase has achieved a significant legal victory in its ongoing battle to resolve customer lawsuits through private arbitration. The U.S.

June 24, 2023 3 mins read

Palmswap Exchange Announces Launch of V2 DEX on July 5

The cryptocurrency market is on the cusp of mainstream adoption globally fueled by regulatory scrutiny. The need for user-friendly cryptocurrency platforms is on the rise. As a result, Palm Labs Inc., a British Virgin Islands incorporated company, launched the Palmswap network, a decentralized exchange (DEX) used for trading perpetual contracts

June 23, 2023 4 mins read

Gemini Introduces Ethereum Staking in the United Kingdom

Gemini, a crypto exchange controlled by the Winklevoss twins, Cameron and Tyler, has introduced Ethereum staking in the United Kingdom. The launch of Gemini Staking Pro in the UK was formally announced by Gemini on June 23. By securing a minimum of 32 Ether (ETH), valued at about $60,000 at

June 23, 2023 2 mins read

Crypto.com Acquires VASP Registration in Spain

Crypto.com, the leading regulatory compliance and security, has achieved yet another remarkable milestone. Today, the company announced its successful acquisition of the Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This latest recognition showcases it’s commitment to compliance and collaboration with regulatory bodies. We're excited to share

June 23, 2023 1 min read

FTX Trying Hard To Recover $700M Misappropriated Funds by SBF

On Thursday, in an effort to recover $700 million in investments allegedly made with diverted FTX money, the bankrupt cryptocurrency exchange FTX sued K5 Global and associates. According to a bankruptcy court lawsuit filed by FTX in Wilmington, Delaware, Sam Bankman-Fried (SBF), the company’s founder, was a “profligate patron” who

June 23, 2023 2 mins read

Binance U.S Announces Successful Restoration of USD Withdrawals

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