Sat, February 1

Crypto.com Refund Slip-up Costs It $10.5 M

A mistake made during the refund transaction has made a loss abundantly. Crypto.com identified this error after a period of 7 months. Crypto.com has mistakenly transferred $10.5 M to an account in Melbourne, Australia. The realization of the mistake happened 7 months after the actual event. Now, the exchange platform

August 31, 2022 2 mins read

Indonesian IT Giant Acquires Local Crypto Exchange For $8.38M

There was no mention of future intentions for PT Kripto Maksima Koin. PT Kripto Maksima Koin will be given its license on January 28, 2022. GoTo (PT) Gojek Tokopedia Tbk (GoTo), an Indonesian IT business, recently acquired the local cryptocurrency exchange PT Kripto Maksima Koin.The fourth most popular country in

August 31, 2022 1 min read

Thailand SEC Charges Bitkub Exchange’s CTO of Insider Trading

Bitkub’s CTO Samret Wajanasathian was penalized 8,530,383 baht (about $234,000). The announcement caused a 101% increase in the price of KUB. Enforcement procedures were taken by the Securities and Exchange Commission of Thailand. The action was taken against the chief technology officer of the cryptocurrency exchange Bitkub. This was for

August 30, 2022 1 min read

Turkey-based Thodex Exchange CEO Finally Under Arrest

Interpol has begun the formalities necessary to extradite Zer back to Turkey. Local prosecutors are apparently seeking hundreds of years in prison. According to a statement released by the Turkish Ministry of Interior, the CEO of crypto exchange Thodex was apprehended in Albania. An international warrant was issued for Faruk

August 30, 2022 1 min read

FTX Exchange CEO Denies Rumors of Acquiring Huobi Global

On August 12, speculation about a prospective takeover first surfaced. BlockFi received a credit line from FTX in the month of July. According to FTX, there are no plans to buy Huobi. CEO of FTX Sam Bankman-Fried shot off the reports on August 29 through a tweet. Bankman-Fried was vague

August 30, 2022 2 mins read

Virtuzone Partners With Binance To Offer Crypto Payments in UAE

The firm’s mission includes spreading and improving crypto’s presence in the UAE. Dubai has earned a reputation as a crypto-friendly destination. Virtuzone has teamed with Binance to accept cryptocurrency for commercial transactions in the United Arab Emirates (UAE).   The company’s new goals will be made possible through the use

August 29, 2022 2 mins read

Zipmex Seeks Meeting Thailand SEC Over Recovery Plan

The claimed $40 million in fundraising will result in a $400 million value. The SEC opened a hotline for investors affected by the withdrawal bans. The Asian cryptocurrency exchange Zipmex has sought a meeting with the Securities Exchange Commission (SEC) of Thailand and other relevant authorities to examine the company’s

August 28, 2022 2 mins read

U.S Court Allows Voyager Digital to Offer Retention Incentives

In all, the KERP benefits amount to 22.5% of the salary of those who qualify for them. The request for the KERP payments was accepted by Judge Michael Wiles. The ailing cryptocurrency brokerage Voyager Digital has been allowed permission by a New York bankruptcy court to offer retention incentives to

August 26, 2022 1 min read

Binance to Halt ETH Withdrawals and Deposits During Merge

Withdrawals and deposits of ERC-20 tokens will be halted during the merge. Binance clarified it would not be impacting spot trading for ETH and ERC-20 tokens. Binance, a prominent cryptocurrency exchange, has publicly declared its support for the upcoming Ethereum Merge. Binance, in a recent highlight of events, has updated

August 26, 2022 2 mins read

Indian Enforcement Directorate (ED) Raids CoinSwitch Kuber

This is the second cryptocurrency exchange in India to be hit this month. Many suspected violations of FEMA are now under investigation. Another cryptocurrency exchange in India came under regulatory investigation as crypto firms came under increasing strain. India’s major cryptocurrency exchange, CoinSwitch Kuber, was raided by the country’s Enforcement

August 26, 2022 2 mins read
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