Sat, November 23

WazirX Confirms Restoring User Portfolios to Hack Day State

Panic and fury continue to peak among the Indian crypto community as the crypto exchange WazirX struggles to devise a clear, less controversial recovery plan after the $230 million hack. Following the backlash received from users’ feedback, WazirX plans to reverse trades and restore balances of all user portfolios on

August 8, 2024 2 mins read

Ark Invest Buys Coinbase and Robinhood Stocks Amid Market Rebound

Following stretches of selling, Cathie Wood of Ark Invest has increased her stock purchases of Coinbase (COIN) and Robinhood (HOOD). As investors pay more attention to market fluctuations, the asset manager keeps changing its holdings. Following the prior slump caused by macroeconomic issues, the cryptocurrency market has regained momentum. In

August 7, 2024 1 min read

Bybit Hits Record-Breaking 107 Billion Daily Trading Volume

Bybit, the world’s second-largest cryptocurrency exchange by trading volume,  today announced an unprecedented milestone, achieving an all-time high daily trading volume of over 107 billion earlier this week. This remarkable figure represents a staggering four times increase compared to Bybit’s daily average trading volume of 25 billion, solidifying its position

August 7, 2024 2 mins read

India Demands $86 Million from Binance for GST Non-Compliance

India’s Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a show cause notice to Binance, one of the world’s largest cryptocurrency exchanges. The notice demands a payment of ₹722 crore ($86 million) in Goods and Services Tax (GST), marking a pivotal move in the regulation of the

August 6, 2024 2 mins read

Coinbase’s Q2 Revenue Dips 11% in at $1.45B Over Previous Quarter

Despite a year-over-year increase of more than 100%, Coinbase’s second-quarter revenues were down slightly from the previous quarter. Total revenue for the quarter came in at $1.45 billion, down 11% from the first quarter. Declining consumer transaction revenues contributed to this decline. Q2 customer transaction revenues for Coinbase were $665

August 2, 2024 1 min read

Bybit Exits French Market Following Ongoing Regulatory Shifts

Bybit, a cryptocurrency exchange, has decided to pull out of the French market. French users will be unable to buy any products, create new positions, or edit existing ones beginning August 2 at 8:00 UTC. A press statement from Bybit said that the decision applies to all of their products.

August 2, 2024 1 min read

Ark Invest Sells $2.7M Worth Coinbase Shares Ahead of Q2 Results

Ark Invest, which is headed by Cathie Wood, has sold off a substantial number of Coinbase (COIN) shares just before the cryptocurrency exchange reports its Q2 results. The recent sale of more than 12,000 COIN shares, according to data made public today, has sparked fears of a potential price decline

August 1, 2024 2 mins read

BingX Introduces BingX Labs to Support Crypto Startups

The leading cryptocurrency exchange, BingX, has unveiled BingX Labs, its new investment division planned to fuel the growth of digital asset startups. This initiative comes at a time of increasing optimism within the crypto market, highlighted by a surge in investment and heightened participation from traditional financial players. BingX Labs

August 1, 2024 1 min read

Bybit Unveils Digital Rupee (eRupee), a Secure Payment Solution for INR Users

The Digital Rupee (eRupee), a new payment option for its INR consumers, is being introduced by Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. Now available, this cutting-edge wallet-based mobile payment solution gives customers a safe and practical method to conduct transactions on the platform. The

July 30, 2024 1 min read

BitFlyer Acquires FTX Japan, Eyes Launching Crypto ETFs

Following its acquisition of FTX Japan, BitfFlyer Holdings intends to introduce possible crypto-based ETFs. After completing the purchase of all outstanding shares of FTX Japan, BitFlyer now owns 100% of the company. According to a tweet by bitFlyer Holdings CEO Yuzo Kano on July 26th, the new company intends to

July 26, 2024 2 mins read