Wed, November 27

KuCoin Delists AUSD, Announces Acquirement Plan for Holders

Crypto exchange Kucoin delisted the dormant stablecoin of Acala Network — aUSD — and has initiated the launch of an “acquirement plan” to compensate token holders’ loss. Previously, in August 2022, the Acala incident — an erroneous minting of 3 billion aUSD tokens in its liquidity pool — occurred. Following

May 23, 2024 2 mins read

Gate.io Subsidiary Ceases Operations, Withdraws License Application in Hong Kong

Crypto exchange Gate.HK, a Hong Kong subsidiary of Gate.io, is ceasing operations and has withdrawn its application for a license to operate a crypto trading platform in the region. On Wednesday, the business announced plans to do a “major overhaul” of its present platform and asked consumers to remove their

May 23, 2024 2 mins read

Court Overturns Florida Regulator’s License Suspension of Binance U.S

An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to

May 23, 2024 1 min read

Coinbase Derivatives Announces Launch of Oil and Gold Futures Trading

Futures contracts for oil and gold on a retail scale will soon be available on Coinbase Derivatives. Moreover, the exchange said on Tuesday that the new product would be available beginning June 3rd. The firm stated: “While crypto derivatives remain at the core of our business, we’re excited to announce

May 22, 2024 2 mins read

Kraken Denies Plans to Delist Tether in Europe Amid Rising Regulatory Scrutiny

Crypto exchange Kraken, has officially denied plans to delist Tether (USDT) in Europe. The news comes as concerns about the reliability and compliance with regulations of popular stablecoins like Tether (USDT) are growing in the cryptocurrency world. Investor mood and market dynamics are affected by Kraken’s position on the topic,

May 18, 2024 2 mins read

Kraken Reviews Dropping USDT in Europe as MiCA Regulations Loom

In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg

May 18, 2024 1 min read

French Government Investigates Bybit for Regulatory Violations

The French government has now begun to investigate the cryptocurrency exchange Bybit for possible regulatory violations. This comes regardless of reaching a worldwide user milestone of 20 million after five years of operation. Regarding Bybit’s unlawful status in the region, the French financial regulatory authority, the Autorité des Marchés Financiers

May 16, 2024 2 mins read

Binance Unveils Funding Rate Arbitrage Bot and Expands Spot Copy Trading to All Eligible Users

Binance, the leading blockchain ecosystem behind the world’s biggest cryptocurrency exchange based on trading volume, today announced the debut of Funding Rate Arbitrage Bot and the complete rollout of Spot Copy Trading to all qualified customers. About 120,000 active trading strategies are presently available on Binance’s Trading Bots Marketplace, and the exchange is constantly improving

May 15, 2024 3 mins read

OKX Officially Forays Into Australia Via Local Regulated Entity

In its ongoing drive to expand throughout the Asia-Pacific region, cryptocurrency exchange OKX has decided to transfer its Australian-focused services to a locally licensed firm. According to OKX president Hong Fang, who spoke at a press conference in Sydney on May 14, the Australian market is significantly underrated. Fang added:

May 14, 2024 1 min read