Tue, February 4

Backpack Collaborates with Banxa Amidst Surge in Trading Volume

For a digital asset on- and off-ramp solution, crypto exchange Backpack teamed up with Banxa, a worldwide crypto on-ramp provider. Banxa announced on twitter on February 19 that the new on-ramp solution would be available to backpack users in more than 130 countries. The developers of Solana’s executable collection of

February 19, 2024 1 min read

FixedFloat suffers $26M hack in Bitcoin, Ether

FixedFloat, a decentralized crypto exchange, has confirmed a hack that resulted in the theft of at least $26 million worth of Bitcoin and Ether. Since February 17, a number of users have complained on the exchange’s X page about stalled transactions and funds being lost.  Shortly after it was originally

February 18, 2024 2 mins read

FTX Creditors Sue Bankruptcy Law Firm S&C Over Fraud Allegations

Creditors of the defunct FTX exchange have taken legal action by suing the law firm managing the bankruptcy case in a class-action lawsuit. Creditors of FTX claimed in a court document dated February 16 that Sullivan & Cromwell, or S&C, “actively” took part in the “FTX Group’s multibillion dollar fraud,”

February 17, 2024 2 mins read

US Prosecutors Push for Binance’s $4.3B Plea Approval. The End Is Near?

Binance Holdings Ltd., a major cryptocurrency exchange, faces significant legal repercussions in the United States. US prosecutors are strongly advocating for a federal judge in Seattle to approve a plea deal with Binance, which has admitted to serious violations including anti-money laundering and sanctions breaches. The plea deal involves Binance

February 17, 2024 1 min read

Binance Futures Launches Challenge: Win a Tesla Model Y and Bitcoin Vouchers

The biggest and most liquid cryptocurrency derivatives platform, Binance Futures, today unveiled the Futures Ultimate Challenge, in which users can contend for bitcoin token prizes by correctly forecasting the daily price of bitcoin and compete to win a Tesla Model Y in four weekly challenges. The four-week Binance Futures Ultimate

February 17, 2024 2 mins read

Mocaverse and KuCoin Collaborate to Redefine Cross-platform Identity

Mocaverse, the Animoca Brands membership network and metaverse project, KuCoin, a cryptocurrency exchange, and Halo Wallet, a Web3 wallet, have partnered to improve user navigation across numerous sectors, such as crypto trading, social finance, gaming, and decentralized finance (DeFi). A collaboration statement was made on February 15th, stating that the

February 16, 2024 2 mins read

JPMorgan Upgrades Coinbase Rating from Underweight to Neutral

From “underweight,” JPMorgan’s rating for crypto exchange Coinbase was raised to “neutral” in a surprising move. The announcement of the full-year results is imminent, and the rating arrives at a critical juncture. The stock was raised from underweight to neutral by JPMorgan, which improved Coinbase’s rating. The investment bank has

February 15, 2024 1 min read

Crypto Exchange Bybit Witnesses Eightfold Market Share Growth

Despite the volatility in the cryptocurrency market, Bybit, which has over 20 million users and is among the top three exchanges globally in terms of volume, has grown remarkably in 2023. According to recent statistics from Kaiko, Bybit outperformed the other leading exchanges in terms of growth in spot market share,

February 15, 2024 1 min read

Japan’s Regulators Suggest Banks to Block P2P Crypto Transfers

Japan’s peer-to-peer (P2P) crypto market may face a new obstacle because of the country’s financial regulator and police agency. They have suggested banks stop transfers to crypto platforms if the sender’s name does not match the account name. The Financial Services Agency (FSA) and the National Police Agency (NPA) have

February 14, 2024 2 mins read

UK Financial Watchdog Continues Intense Scrutiny on Crypto Marketing

The financial watchdog in the United Kingdom warned 450 businesses in the last quarter of 2023 for unlawfully marketing cryptocurrency and urged those with the authority to do business with them to fulfill their obligations. Oct. 8 marked the beginning of the promotional guidelines set forth by the Financial Conduct

February 14, 2024 1 min read
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