Sat, January 24

Crypto Exchange Bittrex Comes Under The SEC Scrutiny

Cryptocurrency exchange Bittrex is facing potential action from the US Securities and Exchange Commission Following plans to close its local operations. According to David Maria, the firm’s general counsel, the Securities and Exchange Commission’s enforcement team notified Bittrex in March. That is, it would suggest that the agency prosecute the

April 17, 2023 1 min read

Coinbase Airdrops 601 Million FLR Tokens To Qualified XRP Holders

On Friday, Coinbase, a cryptocurrency exchange, said that it had successfully distributed all of the Flare (FLR) tokens that had been promised. There were over 601 million FLR tokens released to those who qualified (those who had XRP). The price of Flare Tokens, however, has not changed much. Coinbase has

April 15, 2023 1 min read

Price of Crypto Exchange OKX’s Native Token OKB Surges 20%

The price of OKB, the utility token of the crypto exchange OKX, has increased dramatically today. Over 20% has been gained in the last 24 hours, with a surge from $45.29 to $54.51.  There is a significant upward trend, and trade volume has increased by 328% in the previous 24

April 15, 2023 1 min read

Crypto Exchange Binance Burns Over 2 Million BNB Tokens

Binance, the biggest cryptocurrency exchange in the world, said on Tuesday that it has completed the 23rd quarterly BNB token burn mechanism, destroying 2.02M BNB tokens. Through the BNB Auto-Burn process, Binance hopes to lower the total number of BNB in circulation to 100,000,000. #Binance completes the 23rd Quarterly #BNB

April 14, 2023 2 mins read

Bitrue Cryptocurrency Exchange Hacked, Loses $23 Million in Funds

Recently, a report has disclosed that the Bitrue cryptocurrency exchange platform has suffered a hack. As a result, the platform lost a considerable amount of capital valued at approximately $23 million. On their official Twitter account, the Bitrue cryptocurrency exchange team announced that they quickly addressed a matter and prevented

April 14, 2023 1 min read

Judge Denies Sam Bankman-Fried $10M Insurance Policy for Legal Fees

For the time being, at least, Sam Bankman-Fried will not be able to use his FTX insurance to pay for his legal fees. The former FTX CEO tried to use a $10 million insurance policy to pay for his legal fees, but the bankruptcy judge refused his petition on Wednesday.

April 13, 2023 2 mins read

Staked ETH Withdrawal on Binance To Commence From April 19

Users who staked ether (ETH) on Binance may now redeem their coins using their BETH holdings at a 1:1 ratio beginning on April 19 at 08:00 UTC, the exchange stated on Thursday. The Shapella hard fork, also known as the Shanghai upgrade, was executed on the Ethereum blockchain recently, allowing

April 13, 2023 1 min read

Defunct FTX Planning Relaunch in Q2, Recovers $7.3 Billion

FTX, a defunct cryptocurrency exchange, has recouped nearly $7.3 billion in cash and digital assets. In addition, the company’s counsel during a recent bankruptcy court hearing said the sum recovered is more than $800 million since January. According to Reuters, things are looking up for the faltering exchange during the

April 13, 2023 1 min read

Kraken Forced to Pull Ethereum Staking Amid U.S. SEC Pressure

Kraken, the US-based crypto exchange, has started withdrawing all staked Ethereum (ETH) amid US Securities and Exchange Commission (SEC) pressure. The exchange started the procedure to withdraw all staked ETH associated with its users in the U.S. ahead of the Ethereum Shapella upgrade, which is scheduled for April 12 at

April 13, 2023 1 min read

Gemini Eyes Canadian Expansion as it Files Pre-Registration with OSC

Tyler Winklevoss, the co-founder of the cryptocurrency exchange platform Gemini, recently announced on Twitter that the company is taking important steps to obtain a license to operate in Canada. The US-based crypto exchange is actively pursuing regulatory approval to expand its services into the Canadian market. .@Gemini is taking key

April 12, 2023 2 mins read
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