Tue, February 11

JPMorgan Ends Relationship With Centralized Crypto Exchange?

Leading crypto exchange Gemini stated on its official Twitter account that “Gemini’s banking relationship remains intact with JPMorgan.” This statement comes after the rumors claimed earlier on Wednesday which cited an unnamed source, the American multinational financial service company JPMorgan is ending its banking relationship with the cryptocurrency exchange.  Despite

March 9, 2023 1 min read

Open Exchange Led by 3AC Founders Raises $25 Million Funding

In a very contentious move, the creators of the “Open Exchange” (OPNX) have raised $25 million without publicly disclosing their contributors. In the meanwhile, defunct cryptocurrency exchange CoinFLEX has announced that a Seychelles court has authorized its reorganization arrangement. Thus, momentarily increasing the value of its token. Kyle Davies contacted

March 8, 2023 2 mins read

Cathie Wood Led Ark Invest Buys Coinbase and Robinhood Shares

Ark Investment raised its Coinbase and Robinhood stock positions yesterday. In a transaction confirmation email, the business said that its flagship Ark Innovation ETF had purchased 47,568 Coinbase shares, while it’s Ark Next Generation Internet ETF had acquired 8,031. Moreover, 1.06 million Robinhood shares were bought by the latter fund.

March 8, 2023 1 min read

Court Approves Binance U.S to Purchase Assets of Insolvent Voyager

After much debate over the last week, Binance.US has been given permission to purchase the assets of defunct crypto lender Voyager Digital. Bankruptcy Judge Michael Wiles of the Southern District of New York dismissed all the objections and approved the transaction on Tuesday, March 7. Voyager will sell Binance the

March 8, 2023 2 mins read

Crypto.com Integrates Apple Pay for Visa Cards in Brazil

When it comes to buying and selling cryptocurrencies, Crypto.com is a trusted marketplace. Since its inception in 2016, the market has seen significant growth. The platform supports more than 20 different fiat currencies for use in buying and selling over 250 different cryptocurrencies. There are users from more than 80

March 7, 2023 1 min read

Bybit Launches Mastercard Powered Crypto Debit Card

The world’s significant crypto exchange, Bybit, revealed the launch of the “Bybit Card”. The debit card allows users to make payments and withdraw cash using cryptocurrency holdings. And is powered by the world’s second credit card giant, Mastercard network, and issued by Moorwand, a London-based payments solutions provider.  Bybit co-founder

March 7, 2023 1 min read

Crypto Exchange Kraken Inching Closer To Open Its Own Bank

Kraken, a struggling cryptocurrency exchange, is apparently edging closer to its concept of founding its own bank. The exchange has made this decision after receiving a penalty from the U.S. Securities and Exchange Commission (SEC) for failing to register its crypto asset staking programme. According to a podcast appearance by

March 6, 2023 1 min read

Binance Temporary Ban’s Ukraine’s Hryvnia Currency Bank Cards

Binance, the biggest cryptocurrency exchange in the world, and Kuna, one of the largest in Ukraine, have both announced temporary bans of activities using bank cards denominated in Ukrainian hryvnia. Moreover, both exchanges validated the existence of the issues related to such trades. The trading platform stated in a Telegram

March 5, 2023 2 mins read

Crypto Exchange Bybit Halts USD Deposits Via Bank Transfer

Bybit, one of the leading cryptocurrency exchanges, said on Saturday that it has temporarily suspended bank transfers of US Dollars. The exchange blamed interruptions in service from its banking partner but did not specify which bank was at fault. Since Silvergate voiced worries about liquidity challenges and difficulty for operations

March 5, 2023 2 mins read

U.S DOJ Suggests Curbs on Sam Bankman-Fried’s Use of Digital Devices

U.S. officials will provide former FTX founder Sam Bankman-Fried with a new phone and a laptop with enhanced security measures. As part of the new bail regulations, the mobile device must be a flip phone or “non-smartphone.” And internet access on the laptop must be restricted to just whitelisted sites.

March 4, 2023 2 mins read