Tue, February 17

Judge Prioritizes Customer Recovery Amid IRS Dispute in FTX Case

During a bankruptcy hearing, a federal judge acted to resolve a long-running disagreement between FTX and its biggest creditor, suggesting the court may attempt to expedite the recovery of FTX customers’ monies from the estate of the defunct cryptocurrency exchange. The crypto exchange’s outstanding balance with the Internal Revenue Service

December 14, 2023 1 min read

Bitnomial Secures U.S. CFTC Approval for Derivatives Clearing Proposal

Crypto derivatives firm Bitnomial has been authorized to settle margined futures and options contracts after registering as a derivatives clearing organization in the United States with the consent of the Commodity Futures Trading Commission (CFTC). Bitnomial applied to the Commodity Futures Trading Commission (CFTC) to provide U.S investors with margined

December 14, 2023 2 mins read

Bahrain-based CoinMENA Secures VASP License by Dubai’s VARA

CoinMENA, a cryptocurrency exchange based in Bahrain, has been granted a virtual asset service provider (VASP) license by the Virtual Assets Regulatory Authority (VARA) of Dubai. This allows them to do business and provide services inside the Emirates. According to the statement made on December 12, CoinMENA FZE, a Dubai

December 13, 2023 1 min read

Binance and CZ Throw Counterattack Against SEC

Binance, the global cryptocurrency exchange behemoth, and its former CEO, Changpeng Zhao (CZ), have launched a strong counteroffensive against the U.S. Securities and Exchange Commission (SEC). The move comes as a response to the SEC’s allegations, where the regulatory body accused the exchange of 13 securities law violations, including the

December 13, 2023 2 mins read

Crypto.com Collaborates with Prominent Singapore Charities for Web3 Payment Integration

Today, six significant charities in Singapore signed a Memorandum of Understanding (MOU) with Crypto.com, a renowned global leader in regulatory compliance, security, and privacy with over 80 million customers. The purpose of the MOU is to help foster the acceptability of contributions in digital assets, which Crypto.com will handle and

December 13, 2023 2 mins read

OKX DEX Faces Security Breach Resulting in $424,000 Stolen

Hackers stole over $424,000 from user accounts at the prominent OKX DEX earlier today in a big catastrophe. Wallets linked to the OKX decentralized exchange (DEX) were recently the targets of theft due to an exploit. A loss of more than $424,000 was caused by a suspected assault that included

December 13, 2023 1 min read

Binance’s Market Share Drops Amidst Recent Regulatory Woes

Spot market share for crypto exchange Binance has been falling over the last year due to the company’s involvement in a number of regulatory investigations that led to the exit of Binance’s CEO and founder, Changpeng Zhao (CZ). Based on data given by CCData, Binance’s market share as of December

December 12, 2023 1 min read

Defunct Crypto Exchange FTX Disputes U.S IRS’s $24 Billion Tax Claim

The defunct cryptocurrency exchange claims that any “meaningful recovery” intended for FTX victims will be swallowed up by the U.S Internal Revenue Service’s (IRS) planned $24 billion tax bill. Since May, the US tax authorities have been attempting to collect past due taxes from the defunct cryptocurrency exchange and its

December 12, 2023 1 min read

Conio and Coinbase Join Forces for Institutional Crypto Expansion in Italy

Poste Italiane and Banca Generali’s cryptocurrency wallet Conio have partnered with Coinbase, the businesses said on Monday, to provide Italian financial institutions with access to a diverse array of digital assets. With over 400,000 users, Conio is teaming up with Coinbase Prime to expand wallet support for as many as

December 11, 2023 2 mins read

Pension Fund M&G Invests $20M Into UK Crypto Derivatives Platform GFO-X

M&G Plc, an enormous London-based pension fund, recently invested $20 million into a British crypto derivatives trading platform, GFO-X. A cryptocurrency derivatives trading platform located in the United Kingdom, GFO-X, has received a $20 million investment from M&G Investments, the asset management division of pension behemoth M&G Plc. In the

December 11, 2023 2 mins read
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