Thu, July 17

CITI Upgrades Coinbase Shares to Buy Rating Amid Positive Regulatory Shifts

With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been

July 23, 2024 2 mins read

Bybit Crypto Livestream to Explore Hot Trends and Offer Prize Rewards

The world’s second-largest cryptocurrency exchange by trading volume, Bybit, is hosting a livestream event called “Crypto Games 2024: What’s Hot, What’s Not in Crypto.” Crypto aficionados are invited to join in on the fun! On July 23 at 8am UTC, 4pm SGT, and 12pm Dubai Time, the livestream will delve into

July 22, 2024 2 mins read

HKX Withdraws Licensing Application in Hong Kong, Announces Closure

The number of crypto exchanges that have withdrawn their licensing applications from the Hong Kong Securities and Futures Commission (SFC) is increasing, and HKX is the latest addition to that list. Existing customers were advised to withdraw their crypto assets by the HKX management team on July 18, who announced

July 22, 2024 2 mins read

BitForex Approved to Reopen Withdrawals After 5-Month Suspension

After a five-month suspension, triggered by a significant investigation, cryptocurrency exchange BitForex has announced it will soon allow users to withdraw their assets. This decision follows the detention of the BitForex team by Jiangsu Province authorities in China on February 23rd, which led to a halt in operations and concerns

July 20, 2024 2 mins read

Bybit Launches Revolutionary $3M USDT Subaccount Summer Gold Challenge

Subaccount, an industry-first mechanism that enables users to take part in numerous campaigns at once, is the new competition mechanism that Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, is launching this summer. The inaugural trading competition event using this new standard is the Subaccount Summer Gold

July 18, 2024 2 mins read

Binance Research Releases Half-Year Report Highlighting Crypto Market’s Trajectory

Halfway through 2024, total crypto market capitalization maintained its ascent, reaching over $2.27T, reflecting a 37.3% gain year-to-date, after a robust 2023. Gains were concentrated in the first three months of the year, when they increased by a substantial 60.2%. The cryptocurrency market lost some of its gains and sank

July 16, 2024 3 mins read

Binance Tax Evasion Trial Verdict in Nigeria Postponed to October

The decision in the tax evasion trial against Binance, a cryptocurrency exchange, is expected from a Nigerian court on October 11th. Among Binance’s four accusations of tax evasion is a failure to register with the Federal Inland Revenue Service (FIRS) of Nigeria. Local media reports that Ayodele Omotilewa, a lawyer

July 13, 2024 1 min read

Coinbase CEO Brian Armstrong Reportedly Sells $5 Million in COIN Shares

Coinbase CEO Brian Armstrong recently cut down on his holdings in the cryptocurrency exchange, according to reports. On Thursday, July 12, Armstrong sold off approximately $5 million worth of COIN shares. The recent decline in COIN stock price may have been accelerated by the dump. Brian Armstrong reportedly received $4.92

July 12, 2024 1 min read

Coinbase Subpoena for SEC Chair’s Emails Faces Judicial Pushback

In a recent hearing, U.S. District Judge Katherine Polk Failla advised Coinbase to either drop or significantly revise its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications. The hearing was convened following the SEC’s request to block Coinbase’s subpoena, which south access to Gensler’s

July 12, 2024 1 min read

Binance Makes Final Push to Sell Majority Stake in GOPAX

The world’s largest crypto exchange, Binance, is reportedly finalizing negotiations with Megazone, a South Korean cloud service provider, to sell its ownership stake in Gopax.  According to the South Korean local news report, this move is part of Binance’s strategy to enhance its governance structure in response to regulatory requirements

July 11, 2024 1 min read
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