Tue, January 21

Bybit and Block Scholes Report Shows ETH Dominates BTC in Options Open Interest

In partnership with Blocks Scholes, Bybit, the second-largest cryptocurrency exchange globally in terms of trading volume, released a new derivatives analytics report that shows ETH perpetual positions are retreating as it continues to dominate BTC in options open interest.  The drop in ETH open interest, which analysts attributed to lackluster spot

December 13, 2024 2 mins read

Crypto Exchange Gate.io Denies Security Breach Rumors

Gate.io, one of the leading cryptocurrency exchanges, has swiftly “denied circulating rumors of a security breach,” assuring users that all systems are operating normally. The rumors, which surfaced during early Asian trading hours, suggested a possible hack and triggered concerns about massive withdrawals. However, Gate.io promptly refuted these claims, emphasizing

December 13, 2024 2 mins read

Has Binance Covered the $230M WazirX Hack Loss?

In July 2024, WazirX, a major Indian crypto exchange, suffered a major hack. Which caused a loss of over $230 million. For months, affected users were left uncertain about whether they would recover their funds. Recently, movements of $200 million on the blockchain have created speculation that Binance, the world’s

December 13, 2024 3 mins read

Australia Slaps Kraken Operator with $5 Million Fine

The Australian Federal Court has imposed an AUD 8 million ($5.1 million) fine on Bit Trade, the Australian operator of cryptocurrency exchange Kraken, for violating financial regulations. Justice John Nicholas ruled on Dec. 12 that Bit Trade breached design and distribution obligations and unlawfully operated as a credit facility without

December 12, 2024 2 mins read

Crypto.com Launches AED Fiat Wallet for UAE Users, Enabling Fee-Free Deposits

Crypto.com is pleased to announce that the AED Fiat Wallet is now accessible to users in the United Arab Emirates. In order to purchase and sell cryptocurrency, users who have a phone number in the United Arab Emirates may now effortlessly deposit and withdraw AED into their Crypto.com account. Users are

December 11, 2024 3 mins read

Binance and Circle Join Hands to Drive Global USDC and Crypto Adoption

As the crypto market struggles to maintain its bull rally, several developments and collaborations are taking place to contribute to the overall crypto adoption. One such collaboration is the latest Binance and Circle strategic partnership. Binance CEO Richard Teng joins hands with Circle CEO Jeremy Allaire to strive toward the

December 11, 2024 2 mins read

Binance Rings in the Festive Season with $990K in Community Rewards

A holiday campaign that features festive activities and incentives totaling over $990,000 has been revealed by Binance, the world’s leading blockchain ecosystem that is behind the world’s biggest cryptocurrency exchange in terms of trading volume and users. The campaign is intended to engage and celebrate the worldwide community’s participation. Rachel Conlan,

December 11, 2024 2 mins read

Could WazirX Users See Recovery Under the Proposed Scheme?

Zettai Pte Ltd, the parent company of the embattled cryptocurrency exchange WazirX, has filed an application with the Singapore High Court on December 6, 2024. The filing seeks approval to convene a meeting of creditors to vote on a proposed Scheme of Arrangement aimed at resolving the aftermath of a

December 10, 2024 2 mins read

Binance CEO Says US Return Premature Despite Pro-Crypto Shift

Even if a pro-crypto president is about to enter office, Binance CEO Richard Teng has said that it is premature to talk about the possibility of the cryptocurrency exchange re-establishing itself in the US after its forced withdrawal a year ago. When asked on December 9 whether Binance will seek

December 10, 2024 2 mins read

BitOasis Steps Up with Full VASP License from Dubai VARA

BitOasis, a prominent virtual assets platform in the Middle East and North Africa (MENA), has secured a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).  The operational license journey began with a provisional permit granted in 2022, after VARA’s establishment. This allowed BitOasis to

December 9, 2024 2 mins read
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