Mon, February 3

US DOJ Requests Independent Investigation in FTX Case

The bankruptcy watchdog at the US Department of Justice (DOJ) demanded a separate investigation. Into the FTX Group’s demise on Thursday. Allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement” were made against the cryptocurrency exchange. Prompting the need for an independent investigation. The US Trustee, a branch of the Department

December 3, 2022 2 mins read

Binance Temporarily Pauses Withdrawals Post Ankr Hack

As a result of the recent assault on Ankr, Binance has temporarily suspended withdrawals, as revealed by CEO Changpeng Zhao. Staking tokens on a proof-of-stake network is a breeze with Ankr since the service acts as a distributed node operator, eliminating the need for customers to invest in hardware. The

December 2, 2022 1 min read

Prominent Crypto Exchange Kraken Lays Off 30% Personnel

The Kraken crypto exchange stated today that they had slashed their personnel by 30%. The decision was called one of the toughest choices at Kraken to date in an official blog post by the exchange. As a result, 1,100 individuals lost their jobs “in order to adapt to current market

December 1, 2022 1 min read

Crypto.com Releases Turkish Lira (TRY) Fiat Wallet For Users in Turkey

Turkey is a crucial expansion region for Crypto.com, the world’s top cryptocurrency platform for licenses, registrations, and security certifications. As a result, the company is constantly adding new products and services for its customers there. Recently, Crypto.com announced the release of a Turkish Lira (TRY) Fiat Wallet for Crypto.com App users

November 30, 2022 1 min read

Binance Expands Into Japan, Acquires Regulated Crypto Exchange Sakura

Binance, the leading cryptocurrency exchange, has entered the Japanese crypto market with the takeover of a regional trading platform, Sakura Exchange BitCoin (SEBC). According to the recent announcement from Binance, it has acquired 100% of the Osaka-based SEBC exchange, which is authorized by Japan’s Financial Services Agency (FSA).  With the

November 30, 2022 2 mins read

CrossTower Announces Acquiring Trading Platform BEQUANT

After months of looking around at other cryptocurrency startups, including a revised bid for Voyager Digital’s assets, cryptocurrency exchange CrossTower Inc has agreed to purchase digital asset trading platform BEQUANT. Through the purchase deal signed on November 28th, CrossTower will get access to over 600 additional professional exchange clients. New

November 30, 2022 1 min read

Serum Eyes Community Fork For Survival Post FTX Crisis

Serum (SRM), a decentralized cryptocurrency exchange financed by FTX, informed its 215,000 Twitter followers that the project is “defunct” after the spectacular collapse of FTX and directed them to a community-led fork of the project. Serum, with its fork named OpenBook, offers a ray of hope. There is already a

November 30, 2022 1 min read

FTX Founder SBF Assures FTX U.S Customers Full Refund

Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday that he is now down to his final $100,000. Early in November, when word broke that the cryptocurrency exchange required a bailout, the founder saw the vast majority of his

November 30, 2022 2 mins read

Upbit Extends Crypto Trading Ban to Family Members of Staff

Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include

November 29, 2022 1 min read

27 Crypto Exchanges Vanished in 2022!

As all the crypto followers know, the year 2022, has not been lucrative like the previous year. However, hopes were not that high for the year 2022. On the contrary, the exact opposite happened. The year 2022, is now considered as a complete ‘Bear Year’, owing to various factors.  Accordingly,

November 29, 2022 2 mins read
Floating Icon