Mon, February 10

Token Transfers by Insolvent FTX Raises Questions Amid Uncertainty

FTX, a defunct crypto exchange, is said to be transferring its tokens, creating further uncertainty among the crypto community. These token transfers have sparked a number of hypotheses as to the true intentions of the trading platform, which is currently in the process of paying its creditors.  The remaining tokens

September 2, 2023 1 min read

Crypto Exchange OKX Eyes Entry Into the Indian Web3 Market

Crypto exchange OKX, aims to join the Indian market and hire locals to help grow the scope of Web3 apps. OKX’s chief marketing officer, Haider Rafique, has said that the business intends to “exponentially ” expand the availability of its wallet services by engaging with the Indian developer community. He

September 2, 2023 1 min read

Robinhood Plans Repurchase of $605.7M Worth Shares Linked to FTX

Robinhood has reportedly reached a deal with the US Marshals Service to buy back shares. As a result, the firm plans to repurchase $605.7 million worth of shares from Sam Bankman-Fried’s (SBF) Emergent Fidelity Technologies. Following the bankruptcy filings of SBF’s FTX and Emergent last year, the equities in issue

September 1, 2023 1 min read

Shocking: Bitwise Withdraws BTC & ETH ETF Application

Bitwise, a prominent provider of cryptocurrency investment solutions, has officially withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy and Exchange-Traded Fund (ETF). The decision has left investors and industry observers puzzled, as it comes one day after Bitwise’s Chief Investment Officer, Matt Hougan, publicly vouched for the

September 1, 2023 2 mins read

BUSD Holders Beware, Binance to End Support Soon

Binance, the world’s largest crypto exchange, has released an announcement stating that users should convert their Binance USD (BUSD) into other cryptocurrencies, including the newly listed stablecoins, before February 2024. This announcement comes after Paxos halted the minting of the new BUSD. As Paxos has halted minting of new BUSD,

August 31, 2023 2 mins read

Binance Granted Permission for New Attorney in SEC Lawsuit

A new attorney for Binance.US has been granted by a federal court in the U.S. SEC case involving Binance, its U.S subsidiary and CEO Changpeng Zhao. On August 30, Andrew Rhys Davies, an attorney representing Binance.US, filed a notice of presence in the ongoing SEC litigation. Davies’s application to appear

August 31, 2023 1 min read

Crypto Exchange OKX Releases 10th Proof-of-Reserve (PoR) Report

Crypto exchange OKX has released its tenth Proof-of-Reserve (PoR) report to gauge its liquidity in the highly volatile market. According to the data included in the report, the exchange’s reserves of BTC, ETH, and USDT have grown to a total of $10.4 billion. OKX is one of the few exchanges

August 30, 2023 1 min read

SEC’s Sealed Submission Request in Binance Lawsuit Raises Concerns

A move to submit court papers under secrecy has been filed on behalf of the U.S SEC in its civil lawsuit against Binance. More than 35 documents, a statement from Jennifer Farer (a trial attorney for the SEC), and a proposed order were all included in the request. The SEC

August 30, 2023 2 mins read

Binance Drops Banco de Venezuela Support for P2P Trading

Binance no longer accepts Banco de Venezuela as a funding source for its P2P trading service. Similar actions were taken with Russian banks last week, so this is certainly an attempt to comply with international financial crackdown. Users in Venezuela claim that Binance has removed Banco de Venezuela as a

August 29, 2023 2 mins read

CoinDCX Leads Investment Round in BitOasis Crypto Exchange

BitOasis, a crypto exchange based in Dubai, has raised capital from a number of sources, one of which being the Indian trading platform CoinDCX. Bloomberg reported on Friday that details of the agreement, including its worth and the parties involved, remained undisclosed. Both Wamda Capital and Jump Capital also participated

August 29, 2023 1 min read