Binance has purchased a controlling stake in the cryptocurrency exchange GOPAX in South Korea. The purchase was made possible by the “Industry Recovery Initiative,” an initiative spearheaded by Binance. By purchasing GOPAX, one of the top five crypto exchanges in South Korea, Binance is making a comeback to the country’s
Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent hike in interest rates and statements from Fed Chair Jerome Powell about the Fed’s efforts in battling the high rate of inflation. Further, on Wednesday, a U.S. judge dismissed the
Fantom, a decentralized smart contract platform for DApps native cryptocurrency FTM, price rallied over 103% in the previous 14 days and 195% in a month. At the time of writing, Fantom traded at $0.6302, climbing by 11% from the last day. And FTM had a market cap of $1.7 billion
Everlend, a DeFi borrowing and lending platform based on Solana, has stated that it would be discontinuing operations. Including further development of the platform. Project leaders explained its end in a statement released Wednesday. Citing a shortage of liquidity and the general contraction of the borrowing and lending market as
Post the FTX fiasco, regulators and authorities around the world are cautious about crypto exchanges. Indonesia, one of several nations rapidly adopting cryptocurrencies, wants to build the world’s first government-backed crypto exchange by June 2023 at the earliest. The Ministry of Trade of Indonesia had planned to debut the market
The cryptocurrency market kick-off February with continued bullish momentum as the crypto king, Bitcoin (BTC), soared by over 45%, and the largest altcoin, Ethereum (ETH), surged around 40% in a month. At the time of writing, the global crypto market cap has a market cap of $1.12 trillion, which increased
Due to the FTX breakout, the crypto lending platform BlockFi filed for chapter 11 bankruptcy protection on November 28, 2022. On Monday, the company got approval from the United States Bankruptcy Court for the District of New Jersey to hold an auction for its crypto-mining assets. The company wants to
Since being of 2023, the global crypto market witnessing a bullish trend. As the prolonged bearish cryptocurrency, League Of Kingdoms’ governance token LOKA, trading with the fifth week of ‘green candle’. At the time of writing, LOKA traded at $0.930328, with a price surge of over 70% in the last
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Following Federal Prosecutors asked U.S. district judge Lewis Kaplan to modify the terms of the Sam Bankman-Fried bond agreement. SBF’s lawyer pleaded U.S. judge not to restrict the cryptocurrency exchange FTX executive’s ability to contact former colleagues as a condition of his release on bail. According to a 27th January
