Sat, June 27

Crypto.com Releases Proof of Reserves Attested by Mazars Group

It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 million clients worldwide and is the market leader in regulatory compliance, security, and privacy certifications. Mazars Group, a well-known global audit, tax, and consultancy

December 9, 2022 2 mins read

Hong Kong Incorporates Stringent Legislations For Crypto Exchanges

A new amendment to Hong Kong’s Anti-Money Laundering (AML) and terrorist financing system, which includes virtual asset service providers, was recently enacted by the legislative council. On June 1st, 2023, a new licensing system for virtual asset service providers will go into effect. As a result of recently passed legislation.

December 9, 2022 2 mins read

Three Arrows Co-founder Zhu Su Criticizes FTX’ SBF in Twitter Thread

Three Arrows Capital (3AC) crypto hedge fund co-founder Zhu Su is battling former FTX CEO Sam Bankman-Fried for allegedly manipulating the media and avoiding tough questions. Zhu Su resorted to Twitter today to elaborate on why he has been more active on social media since the FTX disaster. He says

December 9, 2022 2 mins read

Bybit Reveals Decentralized Exchange ApeX Pro Integration

Despite, FTX collapse, centralized cryptocurrency exchange Bybit announced on Thursday that it has joined the decentralized exchange ApeX Pro into its platform, to offer users both types of exchanges on one platform. ApeX Pro is a non-custodial, decentralized exchange, which offers perpetual contracts by utilizing StarkEx, StarkWare’s scalability engine. Now

December 9, 2022 1 min read

Crypto Exchange Coinbase Advises Users To Convert USDT to USDC

Coinbase, a cryptocurrency exchange, has urged its customers to transfer from Tether (USDT) to Circle’s USD Coin (USDC), calling the latter a “trusted and reputable stablecoin.” The underlying reason for the transition is unclear, but Coinbase feels recent events have prompted the move. On December 8th, Coinbase posted a blog

December 9, 2022 2 mins read

Binance U.S Waves Off Trading Fee on Ethereum Pairs

The “zero fee price model” offered by Binance US is now available for Ethereum. There are currently four Ether spot market pairings available for trading without fees: ETH/USD, ETH/Tether, ETH/USD Coin, and ETH/Binance USD (BUSD). The U.S trading platform has instantly done away with gas costs for all “Buy &

December 8, 2022 2 mins read

Payment Processor PayPal Launches Crypto Services in Luxembourg

In what seems to be an effort to spread crypto services throughout the European Union. Financial services major PayPal aims to establish cryptocurrency operations in Luxembourg. Users of PayPal will soon be able to trade Bitcoin and Ethereum, as well as purchase and store digital currencies. PayPal said in a

December 8, 2022 1 min read

Wemix Struggles in Defense Against South Korea’s Delistings

On the whole, quite dangerous, and extremely volatile is the serious business of firms relating themselves with the crypto industry. Though being a good field of opportunity to make money on one side, it also persists as the best way to lose on the other side.  Likewise, the Wemix gaming

December 8, 2022 2 mins read

U.S and Vietnam Ranks Top for High Crypto Adoptions in 2022 – Huobi Reports

The year 2022 offered great challenges for the crypto industry, suffering from a bearish trend till date. Many significant crisis affected the market  by shrinking the prices of all cryptocurrencies, especially the king coin, Bitcoin (BTC). As a result, there is a huge downfall of over $2.2 trillion in the

December 8, 2022 2 mins read

Coinbase CEO Expects Drastic Fall in Crypto Sales This Year

Coinbase, a major cryptocurrency exchange, expects sales to drop significantly in 2022. According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Due to declining prices and the bankruptcy of a competitor exchange, FTX. As a consequence, it’s possible that 2022 revenues may drop by as much as

December 8, 2022 1 min read