Thu, August 27

Bybit Achieves ‘AA’ Rating in CCData’s Crypto Exchange Benchmark Report

In the most recent CCData Crypto Exchange Benchmark Report, Bybit—the third-most visited cryptocurrency exchange globally—has received an ‘AA’ grade. As the only centralized exchange to get a “AA” in both categories, Bybit received the highest grades in both spot and derivatives trading. A vital instrument for evaluating the effectiveness and risk management

November 3, 2023 1 min read

Swiss-based SGKB Bank Now Offers Crypto Services to Customers

St. Galler Kantonalbank (SGKB), Switzerland’s fifth-largest cantonal bank, has made headlines by deciding to broaden access to crypto services. SGKB is planning to provide Bitcoin (BTC) and Ethereum (ETH) trading and custody services to customers in Switzerland in partnership with SEBA Bank, a digital asset specialist licensed by the Swiss

November 2, 2023 1 min read

BitGo Receives Crypto Custody License from BaFin in Germany

The German Federal Financial Supervisory Authority (BaFin) has issued a cryptocurrency custody license to BitGo, a company based in the United States. Headquartered in Palo Alto, California, BitGo initially established two regulated custodial organizations in Germany and Switzerland in February 2020. Also, BitGo Deutschland, a German affiliate, began offering custody

November 1, 2023 1 min read

Backpack Receives Virtual Asset Service Provider License in Dubai

The cryptocurrency wallet Backpack has been granted a Virtual Asset Service Provider (VASP) license by the Dubai Virtual Assets Regulatory Authority (VARA), leading to the introduction of the Backpack Exchange. Backpack is only able to provide cryptocurrency exchange services in Dubai under its VARA license; it is not able to

November 1, 2023 2 mins read

FTX and Alameda Research Transfer $27.2M Worth of Cryptocurrencies

On October 31st, defunct FTX and Alameda Research reportedly moved assets valued at $27.2 million, as shown by data presented by Lookonchain, a data analytics platform. The majority, $17.93M, was held in RNDR, followed by $4.7M in SOL, $2M in ETH, and $1.18M in MKR. More than $1.12 million worth

October 31, 2023 1 min read

CoinDCX’s October 2023 PoR Report Reveals Strong Crypto Holdings

CoinDCX, India’s leading cryptocurrency exchange, has once again demonstrated its commitment to transparency and accountability by releasing its third consecutive quarterly Proof of Reserves (PoR) report. This latest report, for October 2023, follows the release of their first PoR report in December 2022. The PoR report provides a comprehensive overview

October 31, 2023 1 min read

PancakeSwap Integrates Intuitive Portfolio Management Feature

A portfolio manager feature was added to the decentralized cryptocurrency exchange PancakeSwap on October 30. Bril Finance, a DeFi protocol, collaborated with it to implement this functionality. Tokens may now be deposited into single-asset vaults on PancakeSwap via the user interface. Tokens are placed into an algorithm for providing liquidity,

October 30, 2023 1 min read

CME Climbs To Second Spot as Top Bitcoin Futures Exchange

When comparing the early stages of the 2020-21 bull run to the present, the rise in the Chicago Mercantile Exchange’s (CME) open interest in bitcoin (BTC) futures and perpetual futures mirrors that of the first few months of the latter year. According to Coinglass, CME has risen from fourth place

October 30, 2023 1 min read

Thailand-based K-Bank Acquires 97% Stake in Satang Crypto Exchange

Kasikorn Bank, popularly known as K-Bank, in Thailand announced that it has bought 97% of the parent business of Satang, a cryptocurrency exchange that has been active in the nation since 2017. Upon completion of the transaction, Satang will change its name to Orbix. Orbix Custodian, Orbix Invest (a digital

October 30, 2023 2 mins read

Binance Strengthens User Security With Launch of BNB SafeWallet

Crypto exchange Binance has released the BNB SafeWallet, a multi-signature wallet based on the Gnosis Safe Protocol, in an effort to strengthen user security and management. An extra layer of safety for user funds has been added to Binance’s services with the recent news that this secure digital asset management

October 28, 2023 2 mins read