Sun, December 1

Kraken Reportedly Enters Custodianship Race for Spot Ethereum ETFs

The Spot Ethereum ETF frenzy has begun, after the Spot Bitcoin ETF mania. Amidst the excitement around the Ether ETF, it has come to light that Kraken, the second-largest cryptocurrency exchange in the US, is considering joining the crypto ETF custodian race, similar to Coinbase. Of the eleven Spot Bitcoin

February 13, 2024 1 min read

Coinbase’s New Ad Pushes Crypto Adoption on National Lost Penny Day

According to a new advertising campaign from cryptocurrency exchange Coinbase, the conversion of the US dollar to a “well-designed blockchain” has the potential to repurpose billions of “clunky” pennies in circulation. The initiative was launched on February 12 in celebration of National Lost Penny Day, an annual event that has

February 13, 2024 1 min read

Why Is Binance Founder CZ’s Sentencing Delayed to Late April?

The sentencing for the largest crypto exchange, Binance founder Changpeng Zhao, also known as CZ, on a money laundering charge, has been postponed until April 30, as per the announcement made by the Seattle Federal Court. Originally set for Feb. 23, the delay’s reasons remain undisclosed. Zhao’s sentencing has garnered

February 13, 2024 1 min read

FTX Seeks to Sell ‘Digital Custody’ for Discount Amid Repayment Efforts

John Ray III, CEO of the FTX debtors estate, has filed paperwork to sell Digital Custody to CoinList at a steep discount of $500,000, with funding coming from Terence Culver, the original CEO and seller of DC. At first, FTX paid $10 million to acquire Digital Custody. The acquisition of

February 11, 2024 2 mins read

OKX Forays Into Argentina’s Crypto Market After Brazil Debut

As part of its continuous plan to pursue the Latin American market, crypto exchange OKX has announced its launch into Argentina. This comes after its official debut in Brazil at the end of 2023. It was recently revealed by OKX that its crypto exchange platform, self-custody wallet, and the ability

February 11, 2024 1 min read

Hong Kong Authorities Issue Alert on MEXC Exchange Impersonator Scam

An alert has been issued by the Hong Kong Securities and Futures Commission (SFC) and the local police force about a scammer claiming to be MEXC, a cryptocurrency exchange. Allegedly, the impersonator is stealing money by tricking would-be investors. As part of its larger efforts to monitor and investigate unlawful

February 10, 2024 1 min read

Kraken Secures VASP License in Netherlands, Boosting European Expansion

As part of its plans to expand into Europe, crypto exchange Kraken has been registered as a Virtual Asset Service Provider (VASP) by the Dutch Central Bank (DNB) in the Netherlands. The United States-based crypto exchange claims that it is able to legally sell its leading products to citizens of

February 8, 2024 2 mins read

Binance to Sell GOPAX Shares Amid Regulatory Hurdles in South Korea

As regulatory hurdles continue to pile up, crypto exchange Binance has stated its plan to sell its shares in GOPAX, a significant exchange in the South Korean crypto market. As the biggest stakeholder with a substantial 72.26% stake, Binance established its relationship with GOPAX via its purchase of the exchange.

February 8, 2024 1 min read

Uzbekistan Takes Legal Action Against Binance for Unregistered Operations

Uzbekistan is preparing to confront Binance over unregistered operations in the nation. Legal action against Binance for operating illegally in the nation has been declared by the National Agency for Prospective Projects (NAPP). This action highlights the growing regulatory expectations placed on cryptocurrency exchanges throughout the world. Moreover, the NAPP

February 8, 2024 1 min read

South Korea Reportedly Probes OKX for Unlicensed Operations

According to reports, OKX is under investigation by the Financial Intelligence Unit (FIU) of South Korea due to claims that the company was running an unlicensed crypto exchange. An inquiry against the exchange was initiated when the Digital Asset Exchange Association (DAXA) informed the FIU about OKX’s operations, as reported

February 7, 2024 1 min read