Fri, August 29

Binance Granted Full Operating License in El Salvador

Binance has recently announced it has been granted a full license to operate in El Salvador. This landmark event coincides with the rising acceptance of Bitcoin (BTC) as legal money in the nation. The exchange has made history with this statement by being the first cryptocurrency exchange to be granted

August 8, 2023 2 mins read

PayPal’s PYUSD Stablecoin Now Listed on Huobi Exchange

Within the first day of its release, the Paxos-issued PayPal USD (PYUSD) stablecoin was listed on the Huobi cryptocurrency exchange, led by Justin Sun. The PayPal USD (PYUSD) stablecoin, was launched on Monday by PayPal and is tied to the US dollar. Huobi, the world’s largest cryptocurrency exchange, made the

August 8, 2023 2 mins read

Bitstamp Eyes Expansion Plans in Europe and Asia

Bitstamp, a cryptocurrency exchange, is in negotiations to acquire additional capital as the industry faces increasing regulatory scrutiny across the globe. The exchange’s global CEO, Jean-Baptiste Graftieaux, has said that the company began raising capital in late June, advised by Galaxy Digital Holdings and Mike Novogratz. The money will be

August 8, 2023 2 mins read

Justin Sun Addresses Huobi Exchange’s Bankruptcy Rumors

Fears of bankruptcy and reports that Chinese authorities are investigating Huobi’s management led to $64 million in withdrawals during the weekend. Total value locked (TVL) on the exchange fell to $2.5 billion from $3.09 billion the previous month as speculations persisted. The top management of the exchange was allegedly detained

August 7, 2023 1 min read

Coinbase CEO Commits Staying in the US Despite Regulatory Scrutiny

Coinbase CEO Brian Armstrong has allegedly gone back and forth on whether or not the company would relocate outside of the United States due to regulatory uncertainties. As reported by the Financial Times on August 4, Armstrong said that Coinbase will be “staying in the United States” despite several other

August 5, 2023 2 mins read

Actor Adam Devine Seen in New Crypto Ad Endorsing Bitget Exchange

As part of its marketing efforts, crypto derivatives trading platform Bitget recently revealed a one-year collaboration with actor and comedian Adam Devine. In a new commercial that went online on Friday morning, Devine advises viewers to “read the reviews before buying anything, because looks can be deceiving,” before turning to

August 5, 2023 2 mins read

Coinbase Files Brief Seeking Dismissal of SEC Lawsuit

On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped.  The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities

August 5, 2023 1 min read

Coinbase Beats Q2 Earnings Forecast Amid Ongoing SEC Lawsuit

Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than

August 4, 2023 1 min read

FTX’s SBF to Be in Jail Before Trial: DOJ

In the ongoing legal action against the bankruptcy crypto exchange FTX, CEO Sam Bankman-Fried is getting fired every day. The U.S. Department of Justice (DOJ) has again asserted that Bankman-Fried should be “detained pending trial” due to his sharing of former Alameda Research CEO Caroline Ellison’s diary with the New

August 4, 2023 2 mins read

Binance Hires New Compliance Officer Amidst Ongoing Legal Probes

A number of Binance’s senior legal and compliance employees have resigned in recent weeks, ostensibly due to the stress of handling several probes into the exchange’s business operations, although Binance strongly disputes this. Binance stated Thursday that it has hired Kristen Hecht as its new deputy chief compliance and global

August 3, 2023 1 min read
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