Sun, February 2

KuCoin Offers Support to Terra Classic 1.2% Tax Burn

Gate.io has also declared its approval of the 1.2% tax burn. In this proposal, a token burn fee of 1.2% is proposed to be applied to all trades. KuCoin and Gate.io, two prominent cryptocurrency trading platforms, have announced their support for the 1.2% tax burn plan put up by the

September 7, 2022 2 mins read

Assets Auction of Voyager Digital Scheduled Next Week

Voyager has been trying to refund some of its consumers alongside the selling process. Voyager’s attorneys took offence to this and called it a “low-ball” offer. On Tuesday, a court filing confirmed that the assets of bankrupt cryptocurrency broker Voyager Digital would be auctioned off the following week. Following a

September 7, 2022 2 mins read

The Brazilian Regulatory Body Prohibits Bybit Exchange

The Brazilian Securities and Exchange Commission (CVM), recently announced the ban of prominent cryptocurrency exchange, Bybit. According to the official announcement, the regulatory body ordered the suspension of Bybit, from engaging in the securities brokerage business. CVM stated: “Public offering of any securities intermediary services, directly or indirectly, to Brazilian

September 6, 2022 1 min read

Binance Brings Former Governor of Brazil’s Central Bank Onboard

Meirelles is all set to join Binance’s advisory board. In 2003, Henrique Meirelles was elected president of the Central Bank of Brazil. Despite the ongoing Crypto Winter, the world’s biggest exchange by trading volume, Binance, is making strides to grow its staff. A former governor of Brazil’s central bank has

September 6, 2022 2 mins read

Binance to Suspend Its Support for USD Coin

Binance to stop its support for USDC, USDP, and TUSD from the end of September. The existing funds of the coin will automatically convert these coins to BUSD. The largest cryptocurrency exchange, Binance recently revealed that the platform will discontinue its support for the stablecoins such as USD Coin (USDC),

September 6, 2022 1 min read

LUNC, USTC Deposits and Withdrawals Will Be Halted by FTX

FTX will suspend deposits and withdrawals of LUNC and USTC. The exchange will also stop its support for Anchor Protocol (ANC) token. According to the recent announcement from the prominent cryptocurrency exchange, FTX, the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be halted by the platform

September 5, 2022 1 min read

Mercado Bitcoin’s Parent Firm ‘2TM’ Announces Second Layoff

This wave of layoffs follows a round of reductions at 2TM in June. The business laid off 90 people, or 12% of its total workforce of 750 previously. In light of the ongoing crypto winter, 2TM, the parent business of the Latin American exchange Mercado Bitcoin, has announced the second

September 5, 2022 1 min read

Nigeria and Binance Plan Establishing Digital Economic Zone

The new digital economic zone will assist companies make the switch to blockchain.  Collaboration would attempt to establish a “virtual free zone” similar to Dubai’s. Binance and Nigeria are in talks to establish a blockchain-based digital economic zone in Nigeria. The team at Binance has been on a massive expansion

September 5, 2022 1 min read

Binance to Halt Terra Token Transactions Via Shuttle Bridge

As of September 7th, 2022, all withdrawals and deposits will be frozen permanently. The Terra Classic network will still be available for customers. Binance said in an update that it would stop accepting ETH (ERC20) and USTC (Shuttle) transactions for LUNC (Shuttle).  It will also halt transactions on the Ethereum

September 4, 2022 2 mins read

Binance Offers Zero Trading Fees For Ethereum Ahead of Merge

This only applies to trading between Ethereum and BUSD. Coinbase is evaluating the possibility of keeping both cryptocurrencies listed. Since the release of Bellatrix, the upgrade to Beacon Chain that paves the way for the Ethereum Merge, is scheduled for September 6th. The prominent exchange Binance has stated that it

September 4, 2022 2 mins read
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