Sun, December 1

Kraken Co-founder Defies SEC Allegations Amidst New Lawsuit

The U.S SEC has accused Kraken, Coinbase, and Binance of illegally doing business in the United States without registering as securities firms. Kraken traded a lengthy list of tokens that the SEC deems securities; each of these tokens has been the subject of many SEC enforcement cases. Kraken rejects the

November 21, 2023 2 mins read

U.S DOJ Reportedly Seeks $4B Settlement in Ongoing Binance Probe

According to a report from Bloomberg citing persons involved with the talks on November 20th, the US Department of Justice (DOJ) seeks payment for more than $4 billion from Binance Holdings as part of a possible settlement of a years-long probe. Any decision to the inquiry into the corporation, and

November 20, 2023 1 min read

Euro Tether is Set to Launch on Bitunix

Tether, the company behind the popular stablecoin USDT, announced it will launch a euro-pegged cryptocurrency on Bitunix, a new Europe-focused digital asset exchange. In a recent tweet, Tether stated it would soon release Euro Tether (EUR₮) on Bitunix. This represents Tether’s latest expansion into fiat-pegged stablecoins beyond its flagship USDT

November 20, 2023 2 mins read

dYdX Implements Risk Mitigation Measures Post Alleged Targeted Attack

dYdX, a decentralized cryptocurrency exchange, burned up $9 million of its insurance fund on November 17 to cover customer losses, prompting the exchange to announce additional procedures to reduce trading-related risks. The exchange has raised margin requirements for several tokens trading in “less liquid markets,” according to a post on

November 19, 2023 1 min read

Crypto Exchange XREX Secures In-principal Approval in Singapore

XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment

November 17, 2023 1 min read

South Korea’s National Pension Service Buys $19.9M Worth Coinbase Shares

The National Pension Service (NPS) of South Korea, the third biggest pension fund in the world, has put $19.9 million into Coinbase. For a pension fund that oversees over $755 billion, this transaction represents a substantial venture into the crypto sector. With this purchase, NPS takes its first tentative steps

November 16, 2023 1 min read

Bitget Launches Elite Trader Private Mode, Allowing Traders Build Their Community

Bitget has raised the bar yet again in the crypto trading realm with the unveiling of its Elite Trader Private Mode, a specialized offering tailored for professional traders. This new feature enhances trading functionality with social networking capabilities, empowering elite traders to extend their influence within a select community. Elite

November 16, 2023 2 mins read

Binance and Gulf Energy Set to Launch Crypto Exchange in Thailand

In early 2024, Binance and Gulf Energy Development, a major energy provider in Thailand, will launch a cryptocurrency exchange in the nation. According to a filing made by Gulf Energy on the Stock Exchange of Thailand on November 15th, the Gulf Binance initiative would launch privately at first and then

November 16, 2023 2 mins read

Binance Japan Announces Addition of 13 New Tokens to Platform

Binance Japan recently revealed the inclusion of 13 new tokens to its platform for Japanese users. The token count at the exchange will rise to 47 after this modification, which is scheduled for November 27. Many well-known protocols, such as Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB), have been

November 15, 2023 2 mins read

Justin Sun Led Poloniex Set to Resume Operations After Recent Hack

Cryptocurrency exchange Poloniex, owned by Justin Sun, is set to resume operations following a significant hack in November 10th, as per an official announcement on today. The platform has made substantial progress in restoring services after the breach that resulted in a loss of over $100 million. In the latest

November 15, 2023 1 min read