Thu, July 17

Bybit Expands Operations With Crypto License in Cyprus

Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the

June 26, 2023 1 min read

Crypto Exchange Binance Withdraws License Registration in Austria

In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according

June 26, 2023 2 mins read

KoinBX Makes Global Waves: Top Indian Exchange Secures Trademark in Europe

In recent years, Indian crypto exchanges increased in numbers while playing crucial roles in bolstering the adoption of cryptocurrencies. Significantly, India is one of the prominent countries for the crypto industry as it has vast users who emerged in the sector. Crypto adoption across the nation has been attributed to

June 26, 2023 3 mins read

Court Denies FTX Co-founder SBF’s Request to Access Key Documents

FTX co-founder Sam Bankman-Fried (SBF) was turned down in his attempt to collect papers from Silicon Valley legal firm Fenwick & West LLP as part of his defense strategy in his continuing federal fraud prosecution. Bankman-Fried wanted to utilize this evidence to prove that he had sought and followed legal

June 24, 2023 2 mins read

Power Players Show Interest in FTX 2.0 Amid Crypto Exchange’s Revival Plan

In a dramatic turn of events, FTX, the embattled crypto exchange, has garnered interest from 363 potential investors, including heavyweights like BlackRock, Ripple Labs, and Nasdaq. This development comes as CEO John Ray III moves forward with restructuring plans. Further, these plans fall under the US Bankruptcy Code’s 363 Sale

June 24, 2023 2 mins read

Robinhood Acquires Credit Card Firm X1 for Whopping $95 Million

By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood

June 24, 2023 1 min read

Crypto Exchange Mercado Bitcoin Now Part of Brazil’s CBDC Pilot

Two major Brazilian institutions have been given permission by Brazil’s central bank to take part in the pilot of the digital real, the country’s central bank digital currency (CBDC). Consortium members, including the major local bitcoin exchange Mercado Bitcoin and the state-owned bank Caixa, have been granted permission to begin

June 24, 2023 2 mins read

Belgian Authorities Demand Binance To Cease Operations Immediately

Binance has been compelled to suspend its cryptocurrency services in Belgium. The FSMA has issued an order for an immediate halt of digital asset offerings in the nation. According to the announcement, Binance’s crypto services are available “from countries that are not members of the European Economic Area.” The biggest

June 24, 2023 2 mins read

Coinbase Scores a Legal Victory as the Supreme Court Rules in Its Favor

Coinbase, a leading crypto exchange platform, succeeded in its effort to submit customer complaints to private arbitration. The U.S. Supreme Court backs the crypto exchange’s request to postpone customer lawsuits.  Coinbase has achieved a significant legal victory in its ongoing battle to resolve customer lawsuits through private arbitration. The U.S.

June 24, 2023 3 mins read

Palmswap Exchange Announces Launch of V2 DEX on July 5

The cryptocurrency market is on the cusp of mainstream adoption globally fueled by regulatory scrutiny. The need for user-friendly cryptocurrency platforms is on the rise. As a result, Palm Labs Inc., a British Virgin Islands incorporated company, launched the Palmswap network, a decentralized exchange (DEX) used for trading perpetual contracts

June 23, 2023 4 mins read
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