Thu, September 17

Crypto Exchange dYdX Announces Exiting Canadian Market

In preparation for leaving the Canadian market, cryptocurrency derivatives exchange dYdX has stated that it would be banning user accounts from Canadian residents from the next week. As part of “winding down services,” dYdX announced on April 7 that it will stop accepting new Canadian customers. On April 14th, all

April 8, 2023 1 min read

Robinhood Fined $10.2M Over Platform Glitch in March 2020

The California Department of Financial Protection and Innovation (DFPI) projected that Robinhood, the major fintech firm behind the cryptocurrency and stock trading platform, will pay more than $10 million in penalties. In March 2020, the global epidemic was at its peak. Robinhood experienced operational and technological problems that prevented many

April 7, 2023 2 mins read

Bitstamp Launches Crypto Lending Service in Europe, Hong Kong and UAE

Bitstamp has recently announced the launch of a lending service in Europe, Hong Kong, and the United Arab Emirates. There is no set lock-in term for the exchange’s lending product, which provides daily incentives and up to 4.4% APY. Bitcoin, Ethereum, Circle USDC, and Tether USDT are all supported for

April 6, 2023 2 mins read

Crypto Exchange Binance Shuts Down Derivatives Offering in Australia

On Thursday, the Australian Securities and Investments Commission (ASIC) said that it would be revoking Binance’s Australian financial services (AFS) licence, which had been issued to the company under the name Oztures Trading Pty Ltd. In response to Binance’s request for cancellation, ASIC confirmed that the termination of the licence

April 6, 2023 2 mins read

Swiss Government-owned Retail Bank PostFinance To Offer Crypto Trading

The Swiss government-owned retail bank PostFinance is gearing up to provide cryptocurrency trading and storage services to its clients. On April 5, PostFinance and Sygnum, a local cryptocurrency bank, announced their partnership to provide consumers with a full suite of regulated digital asset banking services. Under this collaboration, PostFinance users

April 5, 2023 1 min read

Dubai Regulatory Authority Demands Binance Disclose Additional Information

Dubai and the UAE have officially requested further information from Binance on the company’s auditing procedures and ownership structure. More crypto regulation has prompted the request, Bloomberg reports, from firms looking to get a crypto license. As per sources, the requests are due to the massive FTX collapse that occurred

April 5, 2023 2 mins read

Kevin O’Leary Warns Against Unregulated Crypto Exchanges

Even after the demise of Sam Bankman Fried’s FTX, for whom Kevin O’Leary was a paid spokesman, he continues to invest in the cryptocurrency market. O’Leary has not changed his mind on the asset class despite the FTX crash, which has been called one of the worst times for the

April 5, 2023 2 mins read

Paxful Announces the Shutdown of its Marketplace

Paxful, the world’s largest peer-to-peer crypto exchange platform, announced on its official website that the company was going to suspend its marketplace. Ray Youssef, the founder and CEO of Paxful, stated that the decision was made because of key staff members leaving the company as well as the regularity problem

April 5, 2023 1 min read

Bitget Faces Fraud Allegations by Crypto Influencer Evan Luthra

Evan Luthra, a prominent figure in the cryptocurrency industry, alleges he lost over $200,000 on the Chinese cryptocurrency exchange Bitget and now accuses the exchange of defrauding its customers. Bitget reportedly sold coins worth millions the following day after Luthra’s Twitter thread claimed that Bitget had frozen his assets and

April 5, 2023 2 mins read

Crypto Exchange WonderFi, Coinsquare and CoinSmart Announce Merger

One of the most comprehensive cryptocurrency trading platforms in the world may soon be a joint venture of three Canadian cryptocurrency exchanges: WonderFi, Coinsquare, and CoinSmart. The newest crypto news pertaining to the merger is that the three companies will serve 1.65 million consumers and have over $600 million in

April 4, 2023 1 min read