Sat, November 23

WazirX Announces Reopening of INR Withdrawals Post-Hack

An important update on the status of customer withdrawals has been released by WazirX, one of the biggest cryptocurrency exchanges in India. It also detailed what would happen next after the hack disaster was addressed. After hackers stole $230 million worth of ERC-20 tokens in an incident on July 18,

August 23, 2024 2 mins read

Russia to Launch Two New Crypto Exchanges to Boost Foreign Trade

Russia is planning to launch two new cryptocurrency exchanges to bolster its foreign trade (FT) activities. The exchanges will be established in Moscow and St. Petersburg, aiming to create secure platforms for cryptocurrency transactions aligned with international trade practices. In St. Petersburg, the new exchange will be based on the

August 23, 2024 2 mins read

Bybit’s Report Highlights TON’s Successful Strategy to Onboard 1B Telegram Users into Web3

In its first TON ecosystem report, Bybit—the second-biggest cryptocurrency exchange globally based on trading volume—updated readers on The Open Network’s progress toward bringing almost one billion Telegram users into the Web3 realm. The report emphasizes how TON’s mass-market strategy for ecosystem growth is making positive strides. Specifically, it illustrates how TON’s close partnership

August 23, 2024 3 mins read

Upbit Slashes Withdrawal Fees for 22 Cryptos, Effective August 23

Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect. Recent

August 23, 2024 1 min read

Coinbase Introduces 1:1 Euro to EURC Conversions Under MiCA Guidelines

Coinbase, one of the top cryptocurrency exchanges globally, is making significant strides in advancing its offerings in Europe, particularly in light of the European Union’s evolving cryptocurrency regulations. As part of this expansion, Coinbase is introducing conversions between the fiat euro and the euro-pegged stablecoin EURC, set at a fixed

August 22, 2024 2 mins read

WazirX Cancels Open Orders Over INR and Crypto Balances Issues

WazirX, a leading cryptocurrency exchange, recently cancelled all open orders on its platform. The exchange took this step to address ongoing issues related to Indian Rupee (INR) and cryptocurrency balances. This decision has sparked concern among users who had active trades on the platform. The problem stems from discrepancies between

August 22, 2024 2 mins read

Binance To Expand Compliance Team by Hiring 1K Employees

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, will hire 1K new employees this year. Binance is significantly focusing on expanding its compliance team. This hiring spree comes as the company’s spending on regulatory compliance exceeds $200 million annually. Richard Teng, the CEO of Binance, shared these plans during an

August 22, 2024 2 mins read

Binance CEO Declines IPO or Fund Raising Needs Amid Regulatory Focus

Binance, one of the leading crypto exchanges, is currently being scrutinized internationally by regulators. However, the institution is not alone in its struggle as other leading firms such as Coinbase and Ripple have also faced challenges on the regulations front. Meanwhile, the crypto exchange despite the struggles has reported several

August 22, 2024 2 mins read

Bybit Lists $DOGS Token on Spot Trading Platform with Exciting Promotions

On its Spot trading platform, Bybit—the second-largest cryptocurrency exchange globally based on trading volume—is listing the much awaited $DOGS token. At 12:00 UTC on August 26, 2024, the listing will go live. Bybit’s commitment to provide the newest and most interesting tokens to its worldwide trading community is reflected in this

August 21, 2024 2 mins read

Can Binance Survive Another Lawsuit?

Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in

August 21, 2024 2 mins read