Tue, February 4

South Korea Reportedly Probes OKX for Unlicensed Operations

According to reports, OKX is under investigation by the Financial Intelligence Unit (FIU) of South Korea due to claims that the company was running an unlicensed crypto exchange. An inquiry against the exchange was initiated when the Digital Asset Exchange Association (DAXA) informed the FIU about OKX’s operations, as reported

February 7, 2024 1 min read

Binance Pledges Transparency Amid RONIN Listing Backlash

Binance’s recent listing of the RONIN (RON) token has stirred controversy after it was revealed that certain team members had early access, prompting a sharp decline in its price. In response to the uproar, the world’s largest crypto exchange co-founder, Yi He, has pledged to bolster confidentiality measures surrounding listing

February 6, 2024 2 mins read

Ex-SEC Executive Criticizes Legal Team’s Lucrative Gains in FTX Bankruptcy

John Reed Stark, a former member of the U.S SEC, has hinted that the legal team may be trying to benefit from the bankruptcy proceedings via the FTX restructuring plan. Given the large gains made by the legal team during bankruptcy proceedings, Stark said in a post on twitter that

February 4, 2024 1 min read

Steve Christie Rejoins Binance as Deputy Chief Compliance Officer

In the role of Deputy Chief Compliance Officer, Binance has recruited Steve Christie, formerly of the cryptocurrency exchange’s Senior Vice President of Compliance. Christie will collaborate with regulators, industry heavyweights, and others to ensure that Binance remains in line with regulatory procedures while also strengthening the crypto exchange’s worldwide compliance

February 4, 2024 2 mins read

FTX Seeks Court Approval to Sell Anthropic Shares Worth $1.4B

Court documents filed on February 3 show that defunct cryptocurrency exchange FTX is requesting permission to sell all of its shares in artificial intelligence company Anthropic. FTX moved the US Bankruptcy Court for the District of Delaware to sell Alameda Research’s Anthropic Series B Preferred Stock and any rights or

February 4, 2024 2 mins read

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
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