Thu, October 2

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

Hong Kong Lists 11 Crypto Exchanges as Prospective for Licensing

The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days.  The list included leading exchanges Bullish, Crypto.com

June 1, 2024 2 mins read

Bybit Eyes Leadership Changes Amid NOT Token Launch Issues

Bybit, a prominent cryptocurrency exchange, has announced key leadership changes in the wake of the Notcoin (NOT) launch’s problems. The organization is now recruiting new technical and spot managers in an effort to stabilize operations after the resignation of many executives. A contentious listing of NOT caused an unfair allocation

May 31, 2024 2 mins read

Central Bank of Ireland Approves Ramp Network as Virtual Asset Service Provider

The Central Bank of Ireland has approved Ramp Network as a Virtual Asset Service Provider (VASP). Ramp Network is a financial technology business that is developing payment rails to link cryptocurrency to the global financial system. The Irish division of Ramp Network, being a registered VASP, will provide services that let

May 24, 2024 2 mins read

KuCoin Delists AUSD, Announces Acquirement Plan for Holders

Crypto exchange Kucoin delisted the dormant stablecoin of Acala Network — aUSD — and has initiated the launch of an “acquirement plan” to compensate token holders’ loss. Previously, in August 2022, the Acala incident — an erroneous minting of 3 billion aUSD tokens in its liquidity pool — occurred. Following

May 23, 2024 2 mins read

Gate.io Subsidiary Ceases Operations, Withdraws License Application in Hong Kong

Crypto exchange Gate.HK, a Hong Kong subsidiary of Gate.io, is ceasing operations and has withdrawn its application for a license to operate a crypto trading platform in the region. On Wednesday, the business announced plans to do a “major overhaul” of its present platform and asked consumers to remove their

May 23, 2024 2 mins read

Court Overturns Florida Regulator’s License Suspension of Binance U.S

An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to

May 23, 2024 1 min read

Coinbase Derivatives Announces Launch of Oil and Gold Futures Trading

Futures contracts for oil and gold on a retail scale will soon be available on Coinbase Derivatives. Moreover, the exchange said on Tuesday that the new product would be available beginning June 3rd. The firm stated: “While crypto derivatives remain at the core of our business, we’re excited to announce

May 22, 2024 2 mins read

Kraken Denies Plans to Delist Tether in Europe Amid Rising Regulatory Scrutiny

Crypto exchange Kraken, has officially denied plans to delist Tether (USDT) in Europe. The news comes as concerns about the reliability and compliance with regulations of popular stablecoins like Tether (USDT) are growing in the cryptocurrency world. Investor mood and market dynamics are affected by Kraken’s position on the topic,

May 18, 2024 2 mins read

Kraken Reviews Dropping USDT in Europe as MiCA Regulations Loom

In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg

May 18, 2024 1 min read
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