Mon, June 8

Bakkt Announces Delisting of ADA, SOL and MATIC Amid SEC Crackdown

Following the United States Securities and Exchange Commission’s (SEC) designation of several cryptocurrencies as investment contracts earlier this week, digital currency trading platform Bakkt Inc will delist Cardano (ADA), Solana (SOL), and Polygon (MATIC). The crypto exchange based in Georgia, USA, decided to delist three cryptocurrencies due to regulatory uncertainties.

June 16, 2023 2 mins read

BlackRock Eyes Bitcoin Spot ETF, Files SEC Application

In an audacious stride, BlackRock, the titan of global asset management, is on course to initiate a Bitcoin spot ETF. On Thursday, the firm formally lodged an application with the US SEC. This move follows rumors sparked by a CoinDesk report suggesting an imminent filing. Teaming up with Coinbase, the

June 16, 2023 2 mins read

Binance CEO CZ Calls Recent French Probe Regular Procedures

Binance, the biggest cryptocurrency exchange in the world, is now experiencing regulatory uncertainties and legal problems on a global scale. Lately, the Paris prosecutor’s office has allegedly opened an inquiry into the cryptocurrency exchange, prompting a response from the exchange. The Paris prosecutor’s office has announced that Binance is being

June 16, 2023 2 mins read

Binance is Under Money Laundering Probe by French Authorities

Binance, the world’s largest cryptocurrency exchange, is encountering a series of challenges and increased legal scrutiny. Following a lawsuit in the United States and a license denial in the Netherlands, the exchange is now under investigation by French authorities for “aggravated money laundering.” This latest occurrence adds to the mounting

June 16, 2023 1 min read

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