Fri, October 9

Dubai’s Virtual Assets Regulator Grants Provisional License to CoinMENA

CoinMENA has already received two digital asset licenses. License would allow CoinMENA to make its services available to institutional investors. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a provisional virtual asset license to CoinMENA, a Bahrain-based digital asset exchange. The interim authorization enables CoinMENA to continue operating in Dubai

June 20, 2022 2 mins read

Grid Trading Bot on Bybit Exchange

The system follows  the trading concept of buying at a low price and selling at a higher price. Bybit gives advanced AI parameters for each trading pair offered on the bot. Today the Grid Trading Bot has been launched by Bybit one of the world’s fastest-growing cryptocurrency exchanges. Today onwards

June 20, 2022 2 mins read

Bybit Planning To Reduce Workforce

20% to 30% of the staffing is estimated to be cut off from the ByBit exchange platform. Resources may be assigned with additional tasks and functioning. The ByBit exchange platform is joining the list of companies that are reducing their staff numbers because of the market crash. A letter seems

June 20, 2022 1 min read

Indian Exchange CoinDCX Halts Crypto Withdrawals Citing Wallet Maintenance

Banks are reluctant to accept crypto transactions because of regulatory uncertainties. Trading volumes at CoinDCX have dropped 40% since the UPI ban. CoinDCX’s chief operating officer, Mridul Gupta, had joined the crypto exchange CoinDCX last year, where he hopes “to drive growth for CoinDCX business and build India’s leadership in

June 19, 2022 2 mins read

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