Sun, February 2

Nigerian Court Advances Binance Money Laundering Case to September

A Nigerian court is bringing forward the hearing of a money laundering case involving Binance, the world’s largest cryptocurrency exchange, and two of its executives. The case, initially set for October 11, will now be heard on September 2, involving allegations of laundering over $35 million and tax evasion. This

August 27, 2024 2 mins read

U.S Trustee Opposes FTX’s Revised Restructuring Plan Citing Concerns

A new development has occurred in the ongoing FTX restructuring proceedings; the case’s United States trustee has voiced strong concerns to the crypto exchange’s revised reorganization plan. Although the FTX estate claims that the proposed plan has the backing of many creditors. The trustee Andrew Vara and other creditors have

August 26, 2024 1 min read

U.S Court Rejects Kraken’s Request to Dismiss SEC Lawsuit

Kraken, a prominent cryptocurrency exchange, is under increasing legal pressure after a US court rejected its request to dismiss the SEC lawsuit. The most recent court filing states that US District Judge William H. Orrick rejected Kraken’s request and directed the exchange to respond to the “complaint” within twenty days.

August 24, 2024 2 mins read

WazirX Announces Reopening of INR Withdrawals Post-Hack

An important update on the status of customer withdrawals has been released by WazirX, one of the biggest cryptocurrency exchanges in India. It also detailed what would happen next after the hack disaster was addressed. After hackers stole $230 million worth of ERC-20 tokens in an incident on July 18,

August 23, 2024 2 mins read

Bybit’s Report Highlights TON’s Successful Strategy to Onboard 1B Telegram Users into Web3

In its first TON ecosystem report, Bybit—the second-biggest cryptocurrency exchange globally based on trading volume—updated readers on The Open Network’s progress toward bringing almost one billion Telegram users into the Web3 realm. The report emphasizes how TON’s mass-market strategy for ecosystem growth is making positive strides. Specifically, it illustrates how TON’s close partnership

August 23, 2024 3 mins read

Upbit Slashes Withdrawal Fees for 22 Cryptos, Effective August 23

Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect. Recent

August 23, 2024 1 min read

Coinbase Introduces 1:1 Euro to EURC Conversions Under MiCA Guidelines

Coinbase, one of the top cryptocurrency exchanges globally, is making significant strides in advancing its offerings in Europe, particularly in light of the European Union’s evolving cryptocurrency regulations. As part of this expansion, Coinbase is introducing conversions between the fiat euro and the euro-pegged stablecoin EURC, set at a fixed

August 22, 2024 2 mins read

WazirX Cancels Open Orders Over INR and Crypto Balances Issues

WazirX, a leading cryptocurrency exchange, recently cancelled all open orders on its platform. The exchange took this step to address ongoing issues related to Indian Rupee (INR) and cryptocurrency balances. This decision has sparked concern among users who had active trades on the platform. The problem stems from discrepancies between

August 22, 2024 2 mins read

Binance To Expand Compliance Team by Hiring 1K Employees

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, will hire 1K new employees this year. Binance is significantly focusing on expanding its compliance team. This hiring spree comes as the company’s spending on regulatory compliance exceeds $200 million annually. Richard Teng, the CEO of Binance, shared these plans during an

August 22, 2024 2 mins read

Binance CEO Declines IPO or Fund Raising Needs Amid Regulatory Focus

Binance, one of the leading crypto exchanges, is currently being scrutinized internationally by regulators. However, the institution is not alone in its struggle as other leading firms such as Coinbase and Ripple have also faced challenges on the regulations front. Meanwhile, the crypto exchange despite the struggles has reported several

August 22, 2024 2 mins read
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