Tue, February 4

Shares of Robinhood Worth $450M Seized by Regulators From FTX

While FTX was in bankruptcy proceedings in Delaware, the U.S. Department of Justice announced that it had seized $450 million worth of Robinhood stock. To acquire ownership in the publicly listed Robinhood platform. Former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang launched a holding company named Emergent in

January 5, 2023 1 min read

Coinbase Agrees Settlement of $100 Million to NYSD Financial Services

An agreement has been reached between the New York State Department of Financial Services and Coinbase, a publicly listed cryptocurrency exchange based in the United States, for the payment of a fine of $50 million. The exchange was found to be in breach of anti-money-laundering laws. When it was discovered

January 5, 2023 1 min read

Huobi Global Reportedly Pressurizing Staff For Salary in Crypto

A recent allegation claims that Huobi Exchange is pressuring its staff to take compensation in USDT/USDC rather than traditional fiat currencies. Further, they are threatened with termination if they object to the proposed manner of payment. Human resources are talking to workers about the same thing. Workers are angry about

January 4, 2023 1 min read

Indonesia Aims To Setup a Cryptocurrency Exchange in 2023

After the commodities agency hands over cryptocurrency assets to the Financial Services Authority (FSA) in 2023, Indonesia plans to launch a cryptocurrency exchange. Bappebti, the Commodity Futures Trading Regulatory Agency, monitors the cryptocurrency and commodity contract exchanges in Indonesia. Didid Noordiatmoko, the interim chairman of Bappebti, has said that the

January 4, 2023 1 min read

Binance Collaborates With Ukraine’s ANC Pharmacy Chain

ANC Pharmacy, the biggest pharmacy chain in Ukraine, has partnered with cryptocurrency exchange Binance to accept cryptocurrency payments from clients. Many times during the previous few months, the exchange has helped the war-torn nation. Shortly after the start of the Russian “special military operation,” it provided digital assets worth $10

January 4, 2023 1 min read

Former Chair of Bithumb Exchange Acquitted in $70M Fraud Case

On January 3, 2023, the 34th Division of the Criminal Agreement of the Seoul Central District Court acquitted Lee Jung-hoon, the former head of the South Korean cryptocurrency exchange Bithumb. During his trial, Jung-hoon faced charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes. The

January 3, 2023 2 mins read

Binance Eyes South Korean Market Via Acquisition of Gopax Exchange

On Monday, Binance, the biggest cryptocurrency exchange in the world, finished its due diligence on the purchase of Gopax and officially returned to the South Korean market. Among South Korea’s crypto exchanges, Gopax is a strong contender. According to a source with knowledge of the situation. The purchase announcement was

January 2, 2023 1 min read

Huobi Reportedly To Lay Off Staff Amid Prolonged Bear Market

According to Chinese journalist Colin Wu, popular cryptocurrency exchange Huobi will lay off a large chunk of its personnel and reduce the compensation of top employees. Reportedly, the business plans to lay off between 600 and 800 workers, down from its current headcount of 1,200, the report said. Furthermore, the

December 31, 2022 2 mins read

Philippines SEC Cautions Against Unregistered Crypto Exchanges

On Friday, the Securities and Exchange Commission (SEC) of the Philippines issued a notice against the use of unlicensed cryptocurrency exchanges. SEC strongly cautioned and recommended the public not interact with unregistered and unregulated cryptocurrency exchanges, That are accessible and presumed to be functioning in the Philippines, according to a

December 30, 2022 1 min read

Binance-Peg BUSD Stablecoin Now Supports the TRON Network

The Binance-Peg BUSD integration on the TRON network has been completed, the exchange stated recently. The Binance-Peg BUSD trading pair is now available for deposits and withdrawals on the TRON network. The BNB Chain, Avalanche, Polygon, and TRON networks are now all compatible with the BUSD stablecoin. Changpeng Zhao (CZ)

December 30, 2022 2 mins read
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