Tue, July 28

Binance Faces Probe by US Money Laundering Probe

Binance is under investigation by the US DOJ and IRS.  Binance partners with law enforcement agencies to fight bad players. US officers frightened by the lack of oversight over digital belongings. Crypto exchange Binance is under investigation by the US Department of Justice  (DOJ) and the Internal Revenue Service (IRS). 

May 16, 2021 2 mins read

Gemini Holds $30B Worth of Cryptocurrency Under Custody

Crypto exchange Gemini now holds $30 billion worth of cryptocurrencies. Winklevoss Twins will consider taking Gemini public listing on Nasdaq like Coinbase. Other exchange listings could significantly impact the share of Coinbase price Gemini, the Winklevoss Twins crypto exchange now holds $30 billion worth of cryptocurrencies under custody as competition

May 13, 2021 2 mins read

Resorts World Las Vegas Partnering With Cryptocurrency Exchange Gemini

Resorts World Las Vegas partnership with the cryptocurrency exchange Gemini. The partnership will make the Resort world crypto-friendly. Resorts World Las Vegas has many features Resorts World Las Vegas has announced its partnering with Gemini, a cryptocurrency exchange and custodian. Moreover, this will allow the customers of the resort to

May 12, 2021 2 mins read

Canadian Firm Nuvei Acquired Simplex For $250M

Canadian firm acquired cryptocurrency company simplex for $250 million. The company is estimated to process $2 billion this year. Nuvei supports 470 local and alternative payment methods. The acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million, announced by the publicly-listed Canadian firm Nuvei Corporation.

May 8, 2021 2 mins read

New SEC Chairman Suggests Congress Regulate Crypto Exchanges

The new head of the US SEC mentioned the need for investor protections for cryptocurrencies. Bitcoin and other cryptocurrencies have boomed since last year. Gary, the new chief of US Security and Exchange Commision recommends more investor protections needed for crypto assets. In addition, he specifically sees the attraction to

May 8, 2021 2 mins read

Decentralized Exchange Uniswap Launched V3

Uniswap outperformed after launching v3. Migrating v2 liquidity not required. V3 is integrated into the platform for decentralizing exchange (DEX). Uniswap(UNI), the native token major decentralized exchange, has outperformed its competitors after it launched much-anticipated v3. The Exchange operates by a single entity and uses a new type of trading

May 7, 2021 3 mins read

Nxchange Declared the Acquisition of Bondex

Nxchange has officially announced the acquisition of the blockchain-based private market. “Tokenizing assets will play a vital role in the future financial ecosystem,” says Nxchange. Bonex to be located at Nxchange headquarters. Nxchange has officially declared the acquisition of Bondex, the blockchain-based private market, which is the tactical move to

May 4, 2021 2 mins read

South Korean Banking Regulations Threatens ‘Big 4’ Crypto Exchanges

AML and Banking regulations are a threat to the Big 4 crypto exchange. More than 100 smaller exchanges are expected to close. Due to AML protocol, Banks are unhappy. Anti-money laundering(Aml) and banking regulations newly imposed by South Korea, causing tensions that have even left the big four domestic crypto

May 4, 2021 2 mins read

Second Crypto Exchange Collapsed in Turkey

Vebitcoin website has halted all its activities after facing financial strain.  This is the second Turkish digital currency exchange that has collapsed. Turkish authorities have blocked Vebitcoin’s domestic bank accounts Vebitcoin announced that its website has halted all its activities after facing financial strain. However, this is the second Turkish

May 3, 2021 2 mins read

Revolut Users Will Withdraw Bitcoin Into External Wallet

Uk-based challenger bank Revolut announced that the paid customers will be able to withdraw bitcoin from the platform. However, the announcement post has been deleted now. Moreover, British financial technology company Revolut offers a range of digital banking services in a mobile app targeted at young tech-savvy users. Revolut allows

May 2, 2021 1 min read