Wed, November 27

Kraken Faces Major Bitcoin and Ethereum Withdrawals Amid Surging Demand

The biggest withdrawals of Bitcoin (BTC) and Ethereum (ETH) from the cryptocurrency exchange Kraken since 2021 have occurred recently. The current exchange supply crisis was described in depth in a post by Joao Wedson, founder and CEO of Dominando Cripto, which was cited by CryptoQuant, a blockchain analytics firm. Wedson

June 3, 2024 1 min read

Strict Crypto Exchange Licensing in Hong Kong Raises Investor Concerns

A lawmaker from Hong Kong has voiced his displeasure with the “excessively stringent” licensing requirements for cryptocurrency exchanges, claiming that these regulations have discouraged prominent international exchanges from setting up offices in Hong Kong and have lowered investor confidence. In an opinion post published on Saturday in the Hong Kong

June 3, 2024 2 mins read

OKX Expands to Netherlands With New Exchange & Web3 Wallet

The prominent OKX crypto exchange platform announced that it has launched its exchange services and Web3 wallet in the Netherlands. The platform made the statement on its X account on June 3, 2024. OKX currently renders services in over a hundred countries as stated in its website.  OKX, formerly known

June 3, 2024 2 mins read

Binance to Delist Four Underperformed Altcoins from its Exchange

Binance, one of the world’s leading cryptocurrency exchanges, announced the delisting of four tokens by June 17. It includes OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). Deposits of the tokens will not be credited after June 18, 2024. Further, the withdrawals of these assets will not be

June 3, 2024 2 mins read

Leading Crypto Exchanges Withdraw License Applications from Hong Kong SFC

Several of the biggest international exchanges have withdrawn their applications for licenses from Hong Kong’s Securities and Futures Commission (SFC), seemingly undermining Hong Kong’s hopes of becoming the most sought-after location for Web3 and cryptocurrency. Exchanges, including OKX, Huobi, and Binance, have reportedly chosen to withdraw their applications in the

June 2, 2024 2 mins read

FTX Liquidates Remaining Anthropic Shares Amid Bankruptcy Proceedings

The FTX Exchange’s investment in the artificial intelligence (AI) startup Anthropic has been dissolved as of June 1. The most recent bankruptcy filing by Anthropic indicates that the FTX Estate, headed by John Ray III, has sold off its remaining interest in the company. Around 15 billion Anthropic shares, valued

June 2, 2024 1 min read

Binance Founder Changpeng Zhao Begins Four-Month Prison Term

Crypto exchange Binance’s founder Changpeng Zhao (CZ) has reported to a federal prison in Lompoc, California, to start serving his term. The information was confirmed with his legal staff at Latham & Watkins, according to a CNBC report. After his sentencing, Zhao discussed his intentions after jail, indicating that he

June 2, 2024 2 mins read

Hong Kong Lists 11 Crypto Exchanges as Prospective for Licensing

The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days.  The list included leading exchanges Bullish, Crypto.com

June 1, 2024 2 mins read

Bybit Eyes Leadership Changes Amid NOT Token Launch Issues

Bybit, a prominent cryptocurrency exchange, has announced key leadership changes in the wake of the Notcoin (NOT) launch’s problems. The organization is now recruiting new technical and spot managers in an effort to stabilize operations after the resignation of many executives. A contentious listing of NOT caused an unfair allocation

May 31, 2024 2 mins read

Central Bank of Ireland Approves Ramp Network as Virtual Asset Service Provider

The Central Bank of Ireland has approved Ramp Network as a Virtual Asset Service Provider (VASP). Ramp Network is a financial technology business that is developing payment rails to link cryptocurrency to the global financial system. The Irish division of Ramp Network, being a registered VASP, will provide services that let

May 24, 2024 2 mins read