Sat, July 12

Bitget Benefits Amidst Recent SEC Crackdown on Binance and Coinbase

U.S. authorities’ legal action against Binance and Coinbase, two of the most popular cryptocurrency exchanges, has driven users in Latin America to Bitget. Moreover, Bitget informed that from June 6 to 9, new users in the area grew 43% compared to daily norms, with Brazil and Argentina topping the market

June 11, 2023 2 mins read

Court Grants Defunct FTX Permanent Anonymity for Its Customers

As part of its continuing bankruptcy procedures, the now-defunct FTX exchange was granted permanent anonymity for its users by a Federal Court in a historic judgement. The Associated Press reported that the verdict came after a two-day hearing in which the media and the United States Bankruptcy Trustee argued against

June 10, 2023 2 mins read

Nigerian SEC Orders Binance to Halt Operations Calling It Illegal

On Saturday, the Nigerian Securities and Exchange Commission called Binance, the biggest cryptocurrency exchange in the world, “illegal” to operate in the country. Binance’s legal woes stem from a complaint filed by the US Securities and Exchange Commission against the cryptocurrency exchange and several affiliated companies. The Securities and Exchange

June 10, 2023 2 mins read

OKX Burns 5.5 Million OKB Tokens Via Buy-back Program

OKX, a cryptocurrency exchange situated in Seychelles, has completed the 20th cycle of its Buy-Back and Burn program, burning around 5.5 million OKB tokens. A total of 5,497,312.77 OKB tokens, valued at $258 million based on a 90-day average, were repurchased from the secondary market and burnt, as stated in

June 10, 2023 2 mins read

Binance.US Surprises Market with Potential USD Withdrawal Suspension

Binance.US, one of the prominent cryptocurrency exchanges, has made a surprising announcement that has sent ripples through the crypto community. The exchange revealed its plan to suspend USD withdrawals in the near future, adding to the already suspended USD deposits. Binance.US has urged all its customers to withdraw their USD

June 10, 2023 2 mins read

Crypto.com Suspends Exchange Services for U.S Institutional Clients

Crypto.com, the Singapore-based crypto exchange, will suspend exchange services for U.S. institutional clients. This suspension will take effect on June 21. The exchange added that the decision would not affect retail investors.  Crypto.com’s decision to suspend the services comes in the same week as the U.S. Securities and Exchange Commission

June 9, 2023 1 min read

Robinhood Delists Solana (SOL), Polygon (MATIC) and Cardano (ADA)

Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that

June 9, 2023 2 mins read

Coinbase’s Credit Rating Lowered by Moody’s From Stable to Negative

Coinbase’s credit rating has been lowered by Moody’s from “stable” to “negative.” As a result of the SEC’s legal action against the cryptocurrency exchange for allegedly acting as an unregistered securities broker. Moody’s explained the cut on June 8 by saying it was worried about how the SEC action would

June 9, 2023 2 mins read

Binance.US Halts USD Deposits Under SEC Pressure

Binance.US, one of the leading cryptocurrency exchanges in the United States, has recently announced the suspension of USD deposits and issued a warning regarding an upcoming withdrawal pause. The decision comes as Binance.US aims to safeguard its customers and the platform from what it describes as “extremely aggressive and intimidating

June 9, 2023 2 mins read

Binance Pay Partners With Credencial Payments in LATAM

Binance Pay has partnered with Credencial Payments, a payment solution provider located in Latin America (LATAM), in a major step toward increasing access to digital currencies in LATAM. CZ, CEO of Binance, also tweeted about the agreement that would streamline crypto payments in the area. Credencial Payments’ current infrastructure will

June 8, 2023 2 mins read
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