Sat, November 23

SBF Family Face $100M Political Donation Controversy Linked to FTX

Sam Bankman-Fried’s (SBF) family is embroiled in a $100 million financial controversy. These involve the abuse of business assets to make political contributions. SBF is the founder of the defunct crypto exchange FTX. The Wall Street Journal (WSJ) recently published emails. That showed the SBF family handled more than $100

July 5, 2024 2 mins read

Binance Launches “Be Binance” Campaign for 7th Anniversary Celebration

As part of its seventh anniversary celebration, Binance, the world’s largest cryptocurrency exchange based on trading volume and the leading global blockchain ecosystem, today announced the launch of its worldwide campaign, “Be Binance.” Over 200 million people worldwide will be able to join in on the celebration of this milestone. Rachel Conlan, Chief

July 5, 2024 2 mins read

South Korea Implements Monitoring System for Crypto Transactions

A system to continuously monitor cryptocurrency exchanges for suspicious transactions has been created by South Korea’s Financial Supervisory Service (FSS). The FSS announced its collaboration with South Korean digital asset exchanges. In order to put up a mechanism for continuous monitoring of suspicious transactions on July 4. The Virtual Asset

July 4, 2024 2 mins read

Transactions Fees on KuCoin to Incur 7.5% VAT for Nigerian Users

The cryptocurrency exchange KuCoin has stated that transaction fees will henceforth be subject to a 7.5% VAT. Those Nigerian users who have completed the KYC registration process will be hit by this new charge. The transaction fees, and not the overall transaction volume, will be subject to this VAT as

July 3, 2024 2 mins read

CoinDCX Expands into MENA Market With BitOasis Acquisition

CoinDCX, the biggest cryptocurrency exchange in India, has expanded into the Middle Eastern and North African market by acquiring BitOasis, a cryptocurrency exchange based in Dubai. The cryptocurrency exchange has taken the first move toward its goal of expanding internationally with this. In August of last year, CoinDCX strategically invested

July 3, 2024 2 mins read

Robinhood Expands Services to New US Territories Amid Market Upheaval

The popular trading platform Robinhood has added additional US regions to its crypto offerings. This growth is happening when the cryptocurrency market is experiencing tremendous upheaval, which is causing some rivals to struggle. Robinhood’s move to expand its services shows how serious it is about increasing its crypto offerings and

July 2, 2024 1 min read

Is Binance US Ready for a Protracted Legal Battle with the SEC?

Binance US, the American arm of the giant cryptocurrency exchange, is prepared for an extended legal battle with the Securities and Exchange Commission (SEC). The company emphasizes its commitment to regulatory compliance while criticizing the SEC’s approach to enforcement. Despite a prolonged 11-month discovery process, the US entity claims that

July 2, 2024 1 min read

What’s Happening in the US Markets with Crypto

The US Marshals Service (USMS) has taken a significant step by partnering with Coinbase Prime to oversee its large-cap digital assets. The USMS, responsible for asset forfeiture under the Department of Justice, will support Coinbase’s custody and advanced trading services through a $32.5 million contract. This collaboration highlights the growing

July 2, 2024 1 min read

Robinhood Acquires AI Investment Copilot Pluto to Enhance Investor Tools

The purchase of Pluto has been disclosed by Robinhood, a prominent player in the cryptocurrency market. Pluto is a revolutionary investment copilot powered by AI. In addition, the goal of this step is to improve the exchange’s products for individual investors by using powerful AI techniques. Therefore, consumers may now

July 1, 2024 2 mins read

Crypto Exchange BingX Expands Partnership with Football Club Chelsea

The crypto sector makes persistent efforts to bring cryptocurrency into the mainstream. Notably, one of the leading crypto exchanges, BingX, has announced an extension to its present partnership, transitioning to the ‘Official Training Wear partner’ the Chelsea Football Club’s men’s team. The exchange platform had initially been a sleeve partner

July 1, 2024 2 mins read