Sat, June 27

CrossTower Announces Acquiring Trading Platform BEQUANT

After months of looking around at other cryptocurrency startups, including a revised bid for Voyager Digital’s assets, cryptocurrency exchange CrossTower Inc has agreed to purchase digital asset trading platform BEQUANT. Through the purchase deal signed on November 28th, CrossTower will get access to over 600 additional professional exchange clients. New

November 30, 2022 1 min read

Serum Eyes Community Fork For Survival Post FTX Crisis

Serum (SRM), a decentralized cryptocurrency exchange financed by FTX, informed its 215,000 Twitter followers that the project is “defunct” after the spectacular collapse of FTX and directed them to a community-led fork of the project. Serum, with its fork named OpenBook, offers a ray of hope. There is already a

November 30, 2022 1 min read

FTX Founder SBF Assures FTX U.S Customers Full Refund

Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday that he is now down to his final $100,000. Early in November, when word broke that the cryptocurrency exchange required a bailout, the founder saw the vast majority of his

November 30, 2022 2 mins read

Upbit Extends Crypto Trading Ban to Family Members of Staff

Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include

November 29, 2022 1 min read

27 Crypto Exchanges Vanished in 2022!

As all the crypto followers know, the year 2022, has not been lucrative like the previous year. However, hopes were not that high for the year 2022. On the contrary, the exact opposite happened. The year 2022, is now considered as a complete ‘Bear Year’, owing to various factors.  Accordingly,

November 29, 2022 2 mins read

BlockFi Bankruptcy Filing Reveals an Unsettled $30M to SEC

This year, the cryptocurrency markets went through a lot of turmoil, which affected the value of the tokens. Also, prominent crypto platforms faced several investigations by the Securities and Exchange Commission (SEC). As BlockFi is one of the biggest creditors to the US SEC.  After a string of failures in

November 29, 2022 1 min read

Kraken Settles With U.S OFAC Over Iran Sanctions Compliance

Kraken, a cryptocurrency exchange based in the United States, has just resolved with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) for alleged breaches of sanctions against Iran. The settlement is for $362,158.70. The agency stated: “Due to Kraken’s failure to timely implement appropriate geolocation tools,

November 29, 2022 2 mins read

Fidelity Investments Finally Launches Retail Crypto Trading

Fidelity Investments has reportedly launched crypto trading accounts for consumers, after the introduction of a waiting list earlier this month. Even if the FTX fall has coincided with widespread uncertainty, the Fidelity development may be an indication of stability. An email sent out to users today began with the phrase

November 29, 2022 2 mins read

Silvergate Provides Statement on Minimal Exposure to BlockFi

LA JOLLA, Calif. – (BUSINESS WIRE) — Silvergate Capital Corporation (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced a business update, citing that its deposit relationship with BlockFi Inc. (“BlockFi”) is limited to less than $20 million of its total deposits

November 29, 2022 2 mins read

Centralized Exchange Would Continue To Dominate as per JPMorgan

JPMorgan predicted that centralized exchanges would continue to dominate the bulk of global digital-asset trading volumes despite predictions from certain crypto analysts that a move toward decentralized platforms would follow after FTX’s demise. The bank’s strategists, led by Nikolaos Panigirtzoglou, warned clients on Thursday that the DEXs’ slower transaction speeds,

November 28, 2022 2 mins read