Thu, November 28

Crypto Exchange CoinDCX Dispels Fraud Reports With Clarification

A worrying turn of events in India’s cryptocurrency scene has unfolded as crypto investment behemoth CoinDCX denies rumors that the exchange is the subject of investigation by the Delhi Police. Police in Delhi are reportedly looking into allegations of mobile app-based bank fraud. A number of complainants have noticed abnormalities,

January 3, 2024 2 mins read

Crypto Exchange Binance Burns 5.57 Billion LUNC Tokens

In the 17th batch of the LUNC burn mechanism, cryptocurrency exchange Binance, burnt 5.57 billion Terra Luna Classic (LUNC) tokens. More than 49 billion LUNC, or 53% of all tokens burned by the Terra Luna Classic community, have been burned by the crypto exchange thus far. Following Binance’s most recent

January 2, 2024 1 min read

Nigeria’s Crypto Exchanges Likely to Struggle Amidst Stringent SEC Rules

Several crypto analysts based in Nigeria, claim that the number of local crypto exchanges in the country will be drastically reduced due to the crypto license requirements imposed by the Nigerian Securities Exchange Commission (SEC). This is despite the fact that the Central Bank of Nigeria (CBN) has lifted restrictions

December 31, 2023 1 min read

Coinbase Custody Shuffles Leadership Ahead of Spot Bitcoin ETF Decision

Coinbase has reportedly replaced the head of its custodial company while the U.S SEC decides whether to approve a spot Bitcoin ETF. Bloomberg reports that Aaron Schnarch, CEO of Coinbase Custody, has stepped down from his position. Rick Schonberg, who has been a senior fintech executive at Coinbase since 2021

December 31, 2023 2 mins read

Binance Founder CZ’s Travel Request Denied by U.S Court

U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time

December 30, 2023 2 mins read

Crypto Exchange OKX All Set to Delist Privacy Coins

At the beginning of 2024, OKX, a global cryptocurrency exchange, will remove support for a number of privacy coins. The delisting of certain trading pairs including key privacy tokens, Zcash (ZEC), Dash (DASH), Monero (XMR) and Horizen (ZEN), as well as partially private coins, was formally announced by OKX on

December 29, 2023 2 mins read

Japan-based Monex Group to Acquire Controlling Stake in 3iQ

The Japanese asset manager, crypto exchange, and brokerage company Monex Group has declared its intention to acquire 3iQ Digital Holdings’ controlling share. In a statement made on December 28th, Monex said that 3iQ’s background in listing early Bitcoin and Ethereum exchange-traded funds in North America was a factor in the

December 29, 2023 2 mins read

Binance Witnesses 30% User Growth in 2023 Amidst Settlement

The announcement by Binance CEO Richard Teng on Thursday—that the exchange’s user base increased by 30% in 2023—sends a strong signal as the biggest cryptocurrency trading platform in the world attempts to move on from the November settlement with U.S authorities and the resignation of founder Changpeng Zhao (CZ). As

December 29, 2023 1 min read

Crypto Exchange Catalyx Faces Security Breach, Freezes Operations

A security compromise was reported on Thursday by Catalyx, a crypto trading platform based in Canada. In this case, the cryptocurrency assets held by the exchange are at risk of being lost. The cryptocurrency exchange’s operator, CatalX CTS Ltd., issued a statement stating that an employee is believed to be

December 29, 2023 1 min read

Indian Authorities Issue Notice to Global Crypto Exchanges Over Violations

For failing to comply with registration regulations, Indian authorities have issued a warning to nine cryptocurrency exchanges: Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex. A statement from the Financial Intelligence Unit India (FIU IND) states that nine overseas VDA SPs were sent compliance Show Cause Notices. To

December 29, 2023 2 mins read