Sun, February 16

Upbit and Bithumb to Pay $2.4M to Users for Network Outage on Martial Day

South Korean crypto exchanges Upbit and Bithumb have made headlines again today. Both of them come to an agreement to pay around $2.4 million to users as compensation. This is to cover the losses that incurred due to network outages on December 3, 2024, Martial day of South Korea. This

January 22, 2025 2 mins read

Binance Futures Expands BFUSD Features with USDC Support and Enhanced User Tools

Today, Binance Futures, the biggest cryptocurrency derivatives exchange based on trading volume, announced exciting new features and improvements to BFUSD, the first cryptocurrency exchange-issued reward-bearing margin asset. These include a new Pre-Buy and Pre-Redeem reservation system that gives consumers additional convenience and trading flexibility, as well as USDC functionality that

January 22, 2025 3 mins read

Deribit Crypto Exchange Trading Volume Crossed $1 Trillion in 2024

With Trump’s re-election and Bitcoin recording new all-time highs, the crypto market is witnessing record trading volumes and price surges. While the overall crypto market capitalization is hovering around $3.62 trillion, several crypto exchanges are playing their part in handling huge trading volumes.  Deribit is one of the crypto derivatives

January 22, 2025 2 mins read

Bybit Expands Spot Offerings with ByVotes Community-Driven Listings and Rewards

Through its ByVotes mechanism, Bybit, the second-largest cryptocurrency exchange in the world by trading volume, welcomed a wave of prosperous community-led and supported listings in January. The exchange is giving out special rewards for the three recently listed tokens—TOSHI, HAT, and HPOS10I—in their corresponding Puzzle Hunt events in honor of the

January 21, 2025 2 mins read

Binance Users Save $1.75 Billion in Remittance Costs Through Crypto Transfers Since 2022

Richard Teng, the CEO of Binance, said today at Davos that Binance users had saved as much as $1.75 billion in remittance costs via immediate user-to-user cryptocurrency remittances totaling $26 billion between the years 2022 and 2024. Remittances are a significant component of the global economy, with projections indicating that they will reach

January 21, 2025 4 mins read

BC Wong Appointed CEO of KuCoin, Strengthening Global Expansion and Compliance

BC Wong has been appointed to the position of Chief Executive Officer (CEO) of KuCoin, the globally recognized cryptocurrency exchange. KuCoin’s dedication to worldwide expansion and innovation is highlighted by the strategic decision, which also includes the exchange’s commitment to preserving regulatory compliance. BC Wong, who is more often referred

January 21, 2025 2 mins read

India Must Act Quickly on Crypto Regulations, Says CoinDCX CEO Sumit Gupta

India Should Act on Crypto Regulations Donald Trump is expected to announce new crypto rules soon. Sumit Gupta, CEO of CoinDCX, believes India must act quickly too. He warns that delays could cause India to lose innovation, talent, and value from crypto transactions. Gupta said high taxes and unclear policies

January 20, 2025 2 mins read

OKX Jumpstart Introduces ANIME Mining Ahead of Animecoin Launch

OKX crypto exchange announced the launch of Animecoin mining on the OKX Jumpstart platform. With the aim of offering access to high-quality blockchain projects investment, OKX Jumpstart announced Animecoin as its next crypto project. Unlike other cryptocurrencies and memecoins, Animecoin was created as a gratitude token for people who brought

January 17, 2025 2 mins read

Upbit Faces Heat as South Korea’s FIU Conducts Disciplinary Hearing

South Korea’s Financial Intelligence Unit (FIU) is set to conduct a disciplinary hearing on January 21 to evaluate Upbit, the nation’s largest cryptocurrency exchange, for alleged violations of Know-Your-Customer (KYC) regulations. During a recent on-site inspection tied to the renewal of Upbit’s Virtual Asset Service Provider (VASP) license, the FIU

January 15, 2025 2 mins read

Mudrex Halts Crypto Withdrawals for Security Upgrades

Mudrex Halts Crypto Withdrawals Amid System Improvements Mudrex, an Indian cryptocurrency exchange, recently stopped crypto withdrawals, which left many users confused and frustrated. The company announced on January 11 that the suspension would last until January 28. The reason for the pause is to improve the platform’s systems to prevent

January 12, 2025 2 mins read