Mon, February 16

Crypto Exchange Hotbit Halted Trading, Authorities Suspended Funds

Hotbit halted a withdrawals, following the asset freeze by legal authorities. Authorities have charged a former employee for criminal activity. The cryptocurrency exchange Hotbit has stated that the exchange suspended all trading, deposits, withdrawals, and funding on its platform. According to the exchange, law enforcement has subpoenaed several senior officials

August 12, 2022 2 mins read

U.S Supreme Court Rejects Coinbase’s Appeal Over Arbitration

The cryptocurrency exchange requested a stay of proceedings until dispute is resolved. The defendant has requested the court to not reject the intervention plea. Coinbase, the biggest cryptocurrency exchange in the United States, has come under SEC inspection for purportedly offering securities on its website. The exchange now faces even

August 11, 2022 1 min read

Tornado Cash-Linked User Accounts Have Blocked by dYdX Exchange

dYdX banned user’s accounts that utilized Tornado Cash. Many users had no awareness they had received money from the crypto mixer. The cryptocurrency exchange dYdX announced that it has blocked user accounts that even have a token link to Tornado Cash, the cryptocurrency mixing service that the U.S. Treasury sanctioned

August 11, 2022 2 mins read

Upbit Announces Committee Setup to Refund Terra Investors

Korbit made an estimated 27 million won in commissions at the end of the term. As of May 30th, the refund fee amounted to almost $9.5 billion won by Upbit. The whole Terra ecosystem crashed in May, making it a very terrible month. Upbit, the leading virtual asset exchange in

August 11, 2022 2 mins read

SEC Continues Stand Against Coinbase’s Crypto-Staking Program

Coinbase has received investigative subpoenas and requests from the SEC. Coinbase committed to a productive discussion with the SEC. The US Securities and Exchange Commission is investigating Coinbase Global Inc’s staking programs that made the exchange enable customers to receive rewards for holding particular cryptocurrencies. Coinbase disclosed this in its

August 11, 2022 2 mins read

Binance Clears Stand on Supporting Upcoming Ethereum Merge

Ethereum’s speed, scalability, and energy efficiency are all projected to improve. The Ethereum network will be upgraded to ETH 2.0 in September. According to Binance, the world’s largest cryptocurrency exchange by trading volume, the impending September Merge of Ethereum will be supported by the company. Ethereum’s long-awaited transition to a

August 10, 2022 2 mins read

Support For 100+ ERC-20 Tokens Added by Bitcoin.com Wallet 

Users of the Bitcoin.com Wallet, a non-custodial wallet program built by Bitcoin.com, may now keep, manage, and trade a huge number of ERC-20 tokens from a single app. Because the Bitcoin.com Wallet is completely non-custodial, the risk associated with third-party custodians is eliminated. Most people will use it to make

August 10, 2022 1 min read

Coinbase’s Q2 Below Par Earnings Leads Stock Price to Fumble

Analysts had expected Coinbase to bring in $832.2 million in revenue. The overall number of people using the platform decreased by 200,000. Following a disappointing second-quarter earnings announcement, the price of Coinbase shares has fallen by more than 4% in after-hours trading and is down 10% today.  Analysts had expected

August 10, 2022 1 min read

Binance CEO Shares IMF Study on Crypto Energy Consumption

DLT networks may have a significant impact on the amount of energy used by assets. Energy-efficient contactless payments might be implemented for CBDCs. An IMF research report on how DLT-based payment systems might have a lower energy and environmental impact than current methods was tweeted by Binance CEO Changpeng Zhao

August 9, 2022 2 mins read
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