Mon, January 26

Coinbase Faces Class Action Suits Over Recent Stablecoin Crash

The lawsuit claims that Coinbase failed to disclose TerraUSD’s true nature. GYEN surged in value, then plummeted a week after Coinbase added it to its platform. On Thursday, a class-action lawsuit was launched against Coinbase, claiming the trading platform was irresponsible in listing the TerraUSD stablecoin and charging that it

June 18, 2022 2 mins read

Leading Exchange FTX Announces Plans to Buy Canadian Crypto Firm Bitvo

The purchase is scheduled to conclude in the third quarter of 2022. On June 6, SBF indicated FTX would not reduce or freeze its employment. A deal has been reached to acquire Bitvo, a Canadian crypto platform, by the cryptocurrency derivatives exchange FTX. Announcing the acquisition of Bitvo on Friday,

June 17, 2022 2 mins read

Huobi Shuts Down Its Crypto Unit – Thai SEC Revoked the License

The Thai Securities and Exchanges Commission (SEC) announced to Shut down Huobi’s crypto services in Thailand. From July 1st 2022, Huobi will permanently close its crypto units as its license is canceled by the SEC.  Earlier in May, The Thai SEC invalidated Huboi’s legal license. As the exchange failed to

June 17, 2022 2 mins read

BitMEX Co-founder Benjamin Delo Sentenced to 2.5 Years’ Probation Term

Delo will spend his probation in Hong Kong before returning to his wife. Prosecutors allege that the three failed KYC processes for their U.S. client base. According to the Wall Street Journal, an anti-money laundering banking secrecy act violation by BitMEX exchange co-founder Benjamin Delo has resulted in a 30-month

June 16, 2022 2 mins read

AAX Expands Globally Despite Recent Market Breakdown

AAX (aax.com) is hiring hundreds of people as part of its intention to double its workforce this year in order to support its worldwide development objectives. AAX plans to create new offices in other areas and hire more employees to increase its product offerings and expertise. In addition to AAX,

June 16, 2022 2 mins read

Binance Exchange Offers Crypto Refugee Card to Around 70K Ukrainians

Binance is also involved in efforts to aid internally displaced persons (IDPs). 5,000 IDPs will be helped initially with a $1.2 million budget. The world’s top digital asset exchange, Binance, has produced a crypto card for its customers in Ukraine, which thousands of citizens have requested. People who have been

June 15, 2022 1 min read

Coinbase Announces Massive Layoff of 1,100 Staff Following Market Conditions

Earlier this month, Coinbase announced that it would be extending its hiring freeze. Shares of Coinbase have fallen almost 7% on the announcement. CEO and Cofounder Brian Armstrong has a message for all Coinbase workers as the company plans to slash nearly 1,100 positions or about 18 percent of its

June 14, 2022 2 mins read

Around 2,000 Terra Investors File Lawsuit Against Binance’s U.S. Subsidiary

The matter is apparently being handled by Roche Freedman LLP. Binance is accused of misleading investors about Terra in a 72-page complaint. UST and LUNA, two of Terra’s assets, went bust last month, causing major market harm. Cryptocurrency exchanges have to pay the price for monitoring and investigating everyone involved

June 13, 2022 1 min read

Prominent Turkish Exchange Bitay Plans to Enter the Indian Crypto Market

The company has already set up an office in Gurgaon in India. According to the data, the Indian crypto market grew by 641% in June 2021. Bitay, a well-known Turkish cryptocurrency exchange, plans to enter the Indian market. Bitay also welcomes India’s crypto tax restrictions. The exchange aims to target

June 12, 2022 2 mins read

Huobi Global Announces $1B New Investment Arm For DeFi and Web3 Initiatives

Ivy Blocks’ offerings will also include an asset management platform. The company’s asset management division would make “liquidity investments”. Exchange of digital assets Huobi Global has launched a new investment arm focusing on decentralized finance (DeFi) and Web3 initiatives, demonstrating venture capitalists’ growing interest in the blockchain economy. Much Needed

June 11, 2022 1 min read
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