Tue, February 4

Binance Pay Soars in 2023, Poised for Crypto Payment Boost in 2024

In spite of the turbulent market, the crypto community’s tenacity was evident while looking back on the eventful year of 2023. Together, we looked at creative approaches to incorporating cryptocurrencies into daily life, such as payment processing. The potential for widespread industry adoption of cryptocurrency payments is immense, which is

January 9, 2024 6 mins read

Upbit Singapore Secures Major Payment Institution License by MAS

Upbit Singapore has announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major step towards solidifying its position in the regulated digital asset exchange. Moreover, Upbit Singapore is now well-positioned to play a key role in the growing digital

January 8, 2024 2 mins read

Coinbase Eyes EU Domination with MiFID Licensed Firm Acquisition

Coinbase is planning to expand its derivatives operations throughout the European Union by acquiring a MiFID-licensed corporation in Cyprus, as stated by the company. The goal of this undertaking is to substantially increase Coinbase’s market presence in 2024, subject to regulatory permission. In line with Coinbase’s long-term goal of diversifying

January 6, 2024 1 min read

Coinbase Implements FCA-Compliant Measures for UK Users

Some users have reported receiving an email stating that Coinbase has implemented a new requirement for customers in the UK. A risk acknowledgment form must now be filled out by them. This effort is in line with the Financial Conduct Authority’s (FCA) upcoming rules on financial advertising in the United

January 4, 2024 2 mins read

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
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