Tue, February 10

Binance Shuts Crypto Payments Within One Year of Launch

Binance, a major player in the cryptocurrency exchange arena, has declared the upcoming closure of its crypto payments platform, Binance Connect. The platform, previously named Bifinity, is set to be deactivated on August 16th. This action follows merely one year after its initiation in March 2022. The reason behind this

August 16, 2023 1 min read

Crypto Exchange Dasset Announces Liquidation; Locks Customer Funds

Customers of the cryptocurrency exchange Dasset in Auckland are locked out of their funds since the company has apparently disclosed liquidation plans. The Dasset exchange, headquartered in Auckland, was founded in the midst of 2017’s ICO frenzy. Local media The Herald reported on Monday that hundreds of consumers had been

August 15, 2023 1 min read

Breaking: Binance Files Protective Order Against SEC

Cryptocurrency giant Binance has taken legal action against the US Securities and Exchange Commission (SEC), filing for a protective court order due to concerns over the agency’s extensive and burdensome requests for the company’s communications. The move comes after Binance and the SEC had previously reached an agreement in court

August 15, 2023 1 min read

Coinbase Launches New Services in Canada Eyeing Dominance

In order to better serve its Canadian customers, Coinbase has partnered with Peoples Trust Company to provide Interac e-Transfers. Coinbase wants to significantly increase its presence in Canada in light of the country’s crypto-friendly regulatory climate by providing free access to Coinbase One for 30 days, eliminating trading fees, increasing

August 14, 2023 1 min read

Breaking Barriers— Dilys Cheng, First Female CEO of a Crypto Exchange

Dilys Cheng’s appointment as CEO of a crypto exchange is a groundbreaking step towards gender diversity in the crypto space. In an industry traditionally dominated by men, her ascent represents merit-based glass ceiling shattering and underscores societal progress. Her leadership signifies a paradigm shift, fostering innovation and inclusivity in the

August 14, 2023 1 min read

Coinbase CEO Commits To Solve Coinbase App’s UX Issues

In light of the current Onchain Summer initiative, Coinbase CEO Brian Armstrong has called attention to usability difficulties in the Coinbase app for NFTs, Dapps, and L2. Armstrong’s tweet acknowledged the platform’s flaws and called for better experiences for users. Over the course of many weeks, Onchain Summer celebrates Base-based

August 14, 2023 1 min read

Binance Applies for AML Compliance Registration with Taiwan’s FSC

The Financial Supervisory Commission (FSC) of Taiwan has reportedly received an application for registration from Binance, under the Money Laundering Control Act. According to a local media source, the exchange has applied for Anti-Money Laundering (AML) compliance. BitShine’s co-founder Chen Peiyun was quoted in the report as saying that the

August 11, 2023 1 min read

HKVAX Gets In-principal Approval From Hong Kong’s SFC

The Hong Kong Virtual Asset Exchange (HKVAX) has received an in-principle clearance from the Securities and Futures Commission (SFC) to conduct virtual asset trading in accordance with Hong Kong’s securities regulations. To conduct Type 1 and Type 7 regulated operations, HKVAX reported on August 11 that it had secured “approval-in-principle”

August 11, 2023 2 mins read

Coinbase’s Layer-2 Blockchain Records 136,000 DAU Post Public Debut

The number of daily active users on Coinbase’s layer 2 blockchain has surpassed 100,000 only one day after the network’s formal debut. On August 10, the day after its public debut, Dune Analytics recorded more than 136,000 daily users, the highest daily figure to date. Base has been available for

August 11, 2023 1 min read

Crypto.com Integrates ZKSYNC to Boost User Experience

Singapore-based company Crypto.com has announced a significant upgrade to its cryptocurrency exchange platform. Users can now transact Ethereum (ETH) through the integration of ZKSYNC, a Layer 2 scaling solution known for its efficiency. Notably, ZKSYNC‘s Layer 2 technology has been gaining attention for its ability to tackle the scalability challenges

August 10, 2023 1 min read
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