Mon, July 7

Coinbase Launches Smart Wallet to Boost On-Chain Transactions

Coinbase, a crypto exchange, has unveiled its smart wallet to consumers, along with other benefits, with the intention of smoothly onboarding new users. This follows other developments in the crypto sector that aim to improve compatibility, security, and speed. Today, Coinbase finally announced their smart wallet, which is supposed to

June 5, 2024 1 min read

Japanese Crypto Exchange DMM Bitcoin to Invest $321 Million in Bitcoin

The largest Japanese crypto exchange, DMM Bitcoin, made an official statement on Wednesday that it will raise 50 billion Yen to buy Bitcoin. The Bitcoin purchase worth $321 million is to reprimand customer losses over the recent security breach according to Bloomberg reports.  On June 3, DMM Bitcoin reported a

June 5, 2024 2 mins read

Kraken Faces Major Bitcoin and Ethereum Withdrawals Amid Surging Demand

The biggest withdrawals of Bitcoin (BTC) and Ethereum (ETH) from the cryptocurrency exchange Kraken since 2021 have occurred recently. The current exchange supply crisis was described in depth in a post by Joao Wedson, founder and CEO of Dominando Cripto, which was cited by CryptoQuant, a blockchain analytics firm. Wedson

June 3, 2024 1 min read

Strict Crypto Exchange Licensing in Hong Kong Raises Investor Concerns

A lawmaker from Hong Kong has voiced his displeasure with the “excessively stringent” licensing requirements for cryptocurrency exchanges, claiming that these regulations have discouraged prominent international exchanges from setting up offices in Hong Kong and have lowered investor confidence. In an opinion post published on Saturday in the Hong Kong

June 3, 2024 2 mins read

OKX Expands to Netherlands With New Exchange & Web3 Wallet

The prominent OKX crypto exchange platform announced that it has launched its exchange services and Web3 wallet in the Netherlands. The platform made the statement on its X account on June 3, 2024. OKX currently renders services in over a hundred countries as stated in its website.  OKX, formerly known

June 3, 2024 2 mins read

Binance to Delist Four Underperformed Altcoins from its Exchange

Binance, one of the world’s leading cryptocurrency exchanges, announced the delisting of four tokens by June 17. It includes OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). Deposits of the tokens will not be credited after June 18, 2024. Further, the withdrawals of these assets will not be

June 3, 2024 2 mins read

Leading Crypto Exchanges Withdraw License Applications from Hong Kong SFC

Several of the biggest international exchanges have withdrawn their applications for licenses from Hong Kong’s Securities and Futures Commission (SFC), seemingly undermining Hong Kong’s hopes of becoming the most sought-after location for Web3 and cryptocurrency. Exchanges, including OKX, Huobi, and Binance, have reportedly chosen to withdraw their applications in the

June 2, 2024 2 mins read

FTX Liquidates Remaining Anthropic Shares Amid Bankruptcy Proceedings

The FTX Exchange’s investment in the artificial intelligence (AI) startup Anthropic has been dissolved as of June 1. The most recent bankruptcy filing by Anthropic indicates that the FTX Estate, headed by John Ray III, has sold off its remaining interest in the company. Around 15 billion Anthropic shares, valued

June 2, 2024 1 min read

Binance Founder Changpeng Zhao Begins Four-Month Prison Term

Crypto exchange Binance’s founder Changpeng Zhao (CZ) has reported to a federal prison in Lompoc, California, to start serving his term. The information was confirmed with his legal staff at Latham & Watkins, according to a CNBC report. After his sentencing, Zhao discussed his intentions after jail, indicating that he

June 2, 2024 2 mins read
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