Wed, February 12

U.S Court Grants 120 Days’ Time to SEC in Coinbase Lawsuit

On Tuesday, it was announced that the Third Circuit Court of Appeals will continue to hear the case brought by Coinbase and others to clarify Securities and Exchange Commission (SEC) restrictions on digital currencies. The petition for a Writ of Mandamus was noted in the ruling, and the commission was

June 21, 2023 2 mins read

Binance’s Integration of Bitcoin Lightning Network Inches Closer

One of the major cryptocurrency exchanges, Binance, has stated that it is working to integrate the Bitcoin Lightning Network. So that users may make deposits and withdrawals more quickly. The company’s CEO, Changpeng Zhao (CZ), has also verified the update. Binance decided to deploy the Lightning Network after experiencing difficulties

June 20, 2023 1 min read

Deutsche Bank Applies for License To Offer Crypto Custodial Services

Deutsche Bank AG, the biggest bank in Germany, has just submitted an application to the appropriate authorities to begin providing custody services for digital assets like cryptocurrencies. This change, according to Deutsche Bank’s head of commercial banking, David Lynne, is part of the bank’s larger goal to boost fee revenue

June 20, 2023 2 mins read

Industry Heavyweights Launch Crypto Exchange Dubbed EDX Markets

The non-custodial cryptocurrency exchange EDX Markets will be launching today with support from major broker-dealers, global market makers, and venture capital companies.  Investors respond to EDX Markets as numerous established banks and brokerages join the cryptocurrency space. The registration of BlackRock iShares spot Bitcoin ETF with the US SEC last

June 20, 2023 2 mins read

Binance Labs Accelerates Web3 With Strategic Investments

Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has recently announced its investment in the projects that performed the best in Season 5 of its renowned Incubation Program. Out of more than 900 project applications received, only a select few, representing less than 2% of the

June 20, 2023 2 mins read

Binance Moves Huge Chunk of Bitcoin to New Cold Wallet

Binance, the world’s largest cryptocurrency exchange, stated on Monday that it has relocated a huge chunk of Bitcoin to a new blockchain address. The security of user money, which is now being held in cold storage by Binance, has not been compromised by the transfer. Binance had already tweeted about

June 20, 2023 2 mins read

BNB Chain Launches opBNB to Revolutionize Scalability

BNB Chain, the blockchain founded by the renowned exchange Binance, has taken a significant stride. It  tackles the scalability challenge that has long plagued blockchain technology. In a recent launch, opBNB, a new layer-2 chain built on Optimism’s OP Stack, aims to transform scalability and affordability on the Binance Smart

June 20, 2023 2 mins read

Fake Binance Nigeria Limited Issued Cease and Desist Order by Binance

The Securities and Exchange Commission of Nigeria has banned a company called Binance Nigeria Limited from operating in the country. Investments placed on Binance Nigeria Limited are not protected by law, as stated in a circular released by the local authorities. Binance is now engaged in a heated legal struggle

June 19, 2023 1 min read

Binance Introduces Spot DCA (Dollar-Cost Averaging) on Spot Platform

Binance CEO CZ announced the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform amidst continuing regulatory issues including a recent lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The biggest cryptocurrency exchange aims to protect its customers’ assets and lessen the effects of market fluctuations.

June 19, 2023 2 mins read

CoinEx Settles With NYAG for $1.7M in Refund and Penalties

After being sued in February 2023 for unlawful operations. Hong Kong-based cryptocurrency exchange CoinEx settled with the New York Attorney General’s office for over $1.7 million. And a prohibition on providing services in New York. The money that has been seized will be used to pay fines and reimburse investors

June 18, 2023 2 mins read