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Search Results for: crypto exchanges

Russia Pioneers Cross-Border Settlements with Crypto Exchanges

In a revolutionary step, Russia is embracing cryptocurrency exchanges to facilitate cross-border transactions, signaling a dramatic shift in its stance towards digital currencies. As this move aligns with the global trend towards digitized finance, it could trigger a wave of innovation and intensify competition in the crypto industry. This move

May 30, 2023 2 mins read

U.S. DOJ Cracks Down on Crypto Exchanges Engaged in Illicit Activities

The U.S. Department of Justice (DOJ) will target crypto exchanges that engage in or allow criminal activity, such as money laundering. Moreover, the illicit transaction rate has surged up to $20 billion in 2022, which is an increase of 40% from 2021. On Monday, the Financial Times reported that the

May 16, 2023 1 min read

Top Crypto Exchanges Witnessing Massive Ethereum Outflow?

Since “Ethereum’s Shanghai upgrade,” the two largest centralized cryptocurrency exchanges, Binance and Coinbase, have seen significant outflows of staked Ether (ETH) as investors turn to decentralized competitors. According to Dune Analytics data, the world’s largest cryptocurrency exchange, Binance’s staking service, has seen a net outflow of $340 million. In addition,

May 3, 2023 1 min read

Mastercard Seeks Partnership With Several Crypto Exchanges

On the fine evening of April 28, Reuters reported that the cryptocurrency payment card program of Mastercard is about to expand indulging various crypto partnerships. Raj Dhamodharan, the head of crypto and blockchain stated that this decision is taken irrespective of closer scrutiny in the industry from the banks and

April 28, 2023 2 mins read

Venezuela Suspends Operations of Crypto Exchanges and Mining

While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President

April 23, 2023 1 min read

Texas Passes Bill to Regulate Crypto Exchanges

On Thursday, the Texas House Representatives passed a bill requiring crypto exchanges to provide proof of reserves. A Republican state representative, Giovanni Capliglione, filed HB 1666. The bill is expected to rebuild trust in the crypto market. And also, the bill would bring some major regulations to the crypto market.

April 21, 2023 1 min read

Top Crypto Exchanges to List FLOKI CEO Amid New All Time High

Elon Musk’s tweet-inspired memecoin FLOKI CEO (FLOKICEO) is the “talk of the town with a new all-time high.” Following that Crypto Twitter has been flooded with FLOKICEO fan tweets. Also, this community-driven crypto will soon be listed on the top ten cryptocurrency exchanges. Today FLOKI CEO surpassed a new all-time

April 11, 2023 1 min read

Kevin O’Leary Warns Against Unregulated Crypto Exchanges

Even after the demise of Sam Bankman Fried’s FTX, for whom Kevin O’Leary was a paid spokesman, he continues to invest in the cryptocurrency market. O’Leary has not changed his mind on the asset class despite the FTX crash, which has been called one of the worst times for the

April 5, 2023 2 mins read

Japan Warns Four Crypto Exchanges for Unregistered Operations

Japan’s Financial Services Agency (FSA) has warned and classified four cryptocurrency exchanges – Bybit, MEXC Global, Bitforex, and Bitget – as “unregistered crypto asset exchange business operators.” The regulator confirmed that the listed crypto exchanges violated the “Fund Settlement Act” and conducted their operations without registration “at the time of

April 3, 2023 2 mins read
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