Thu, November 28

Hong Kong Initiates Crackdown on Unlicensed VASPs with May Deadline

Applications for unlicensed virtual asset service providers (VASPs) are due on February 29th, and those who did not get approval were told to stop operations by May 31st, according to the financial services department of the Hong Kong government. Given that certain VASPs were already operating in Hong Kong prior

February 3, 2024 2 mins read

Three Arrows Capital Linked Exchange OPNX Declares Shutdown

OPNX, the cryptocurrency exchange launched by the founders of the defunct hedge fund Three Arrows Capital, is set to close its doors in mid-February. Customers must settle their positions by February 7th at 08:00 UTC and withdraw their funds by February 14th. In an email to its customers, OPNX announced

February 2, 2024 1 min read

Crypto Exchange Bybit Applies for VATP License in Hong Kong

The Hong Kong Securities and Exchange Commission (SFC) has received an application from the Bybit crypto exchange seeking a Virtual Asset Trading Operator (VATP) license. The SFC website states that the exchange, operating under the name Spark Fintech Limited, submitted the licensing application on January 31. Included in the fourteen

February 1, 2024 1 min read

FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

FTX, the troubled cryptocurrency exchange under the leadership of Sam Bankman-Fried, has announced its intention to entirely reimburse customers and creditors affected by its bankruptcy proceedings. The company assured the judge overseeing the case that individuals who can substantiate their losses are poised to recover their entire investments. However, the

February 1, 2024 2 mins read

Coinbase Strengthens Advisory Board With Addition of Ex-UK Chancellor

Coinbase announced that former UK Chancellor George Osborne would join its board of advisors. Disputes with the U.S SEC and litigation against the cryptocurrency exchange have likely prompted the move. The action by Coinbase further shows that the company is attempting to sidestep U.S regulations as it expands into other

January 31, 2024 1 min read

Big Win for Kraken in XRP Lawsuit

A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of

January 31, 2024 2 mins read

Oppenheimer Upgrades Coinbase (COIN) Stock to ‘Outperform’

Following investment bank Oppenheimer’s decision to upgrade Coinbase’s stock rating from “perform” to “outperform” and set a price target of $160 per share, citing the company’s strength and the toughness of its management team, Coinbase’s (COIN) share price increased by as much as 6% on Friday. Analyst Owen Lau mentioned:

January 27, 2024 2 mins read

Binance Ex-CEO CZ Denied Travel to UAE Despite $4.5 B Equity Offer

In a recent court filing, it has been revealed that a federal judge rejected a travel request from Binance’s former CEO Changpeng Zhao, who sought permission to travel to his home in the United Arab Emirates (UAE) for the hospitalization and surgery of a person close to him. Despite offering

January 25, 2024 2 mins read

Binance Survey Reveals Bullish Sentiment Among European Crypto Users

With surveys conducted in France, Spain, Italy, and Sweden, Binance—the world’s leading blockchain ecosystem and crypto service provider by trading volume—has dived into the behavior of European cryptocurrency users, providing a thorough understanding of their preferences and behaviors. A striking pattern emerges from the poll: 73% of participants are bullish about cryptocurrency’s

January 24, 2024 3 mins read

OKX To Compensate Users Affected by OKB Token Flash Collapse

Users affected by the recent flash collapse of OKX’s native token, OKB, will be compensated by the cryptocurrency exchange. Investors and dealers were understandably worried when the token’s value plummeted on January 23, prompting this disclosure. In less than fifteen minutes on January 23rd, OKB’s value fell from $46.80 to

January 23, 2024 1 min read